Pakistan has completed the repayment of $3.5 billion to the United Arab Emirates (UAE) as part of its external debt obligations, the Pakistani central bank said on Friday, following the inflow of $3 billion in Saudi funds, News.Az reports, citing foreign media.
The UAE had provided $2 billion to Pakistan in 2018, which had since been rolled over annually. In 2023, the Gulf nation extended an additional $1 billion loan to help Islamabad meet external financing requirements, while a $450 million facility dated back to 1996–97.
Pakistan was scheduled to return the total $3.5 billion to the UAE by the end of April under bilateral deposit arrangements, as authorities worked to stabilize…