Pakistan pays $2bn to UAE, $1bn due this week

MG News | April 19, 2026 at 04:43 PM GMT+05:00

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April 19, 2026 (MLN): Pakistan has repaid $2 billion to the United Arab Emirates, a spokesperson for the State Bank of Pakistan (SBP) confirmed, as the government moves to meet its external debt obligations amid ongoing financial management efforts.

According to the SBP, the government has already paid $500 million as part of its obligations to the UAE and is scheduled to make an additional payment of $1 billion on April 23.

These repayments relate to financial support extended by the UAE over the years, including $2 billion borrowed in 2018 and another $1 billion secured in 2023, according to reports.

The development comes alongside renewed financial backing from regional partners. Pakistan and Saudi Arabia have agreed to extend a $3 billion deposit facility placed with the SBP by the Saudi Fund for Development, providing a cushion to the country’s foreign exchange reserves and supporting macroeconomic stability.

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