UAE rolls over loans worth $2bn for another year

MG News | January 17, 2024 at 05:17 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 17, 2024 (MLN): The United Arab Emirates (UAE) has confirmed the rollover of its two deposits of $1 billion each placed with the State Bank of Pakistan for another year which were maturing in January 2024.

This $2bn amount comprises two loans worth $1bn each which were maturing in January 2024.

UAE has confirmed rollover of its two deposits of US$1.0 billion each placed with State Bank of Pakistan for another one year which were maturing in January 2024.#SBP
— SBP (@StateBank_Pak) January 17, 2024

To note, the UAE currently holds a total deposit of $3bn with the SBP.

On January 09, Pakistan approached the UAE to request an extension of the maturity date for this $2bn loan.

At present, the foreign exchange reserves held by the central bank stand at about $8.15bn.

The SBP has also received the second installment of SDR 528 million, equivalent to $705.6m from the International Monetary Fund (IMF).

This disbursement will be reflected in SBP reserves for the week ending on January 19, 2024.

Copyright Mettis Link News

Related News

Petrol price cut by Rs3.93 per litre, diesel unchanged

PKR’s REER Index rises to 108.9 in September

Pakistan eyes $1.5bn financing through World Bank guarantees

Name	Price/Vol	%Chg/NChg
KSE100	166,419.72 133.15M	0.14% 233.55
ALLSHR	100,871.92 395.66M	0.05% 48.64
KSE30	49,316.65 59.50M	0.05% 23.11
KMI30	239,907.60 63.28M	-0.05% -114.34
KMIALLSHR	65,473.69 245.25M	-0.00% -2.07
BKTi	45,849.28 9.86M	0.23% 104.46
OGTi	33,523.02 3.37M	-0.51% -171.71

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,620.00	81,795.00 80,850.00	20.00 0.02%
BRENT CRUDE	109.95	110.00 104.91	4.03 3.80%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.05 0.04%
ROTTERDAM COAL MONTHLY	145.10	0.00 0.00	0.15 0.10%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	99.04	99.34 95.29	2.54 2.63%
SUGAR #11 WORLD	20.85	21.01 20.47	-0.28 -1.33%