In a recent development, the United Arab Emirates (UAE) has agreed to roll over a $2 billion deposit for Pakistan for an additional two months, extending the facility until April 17, 2026, at an interest rate of 6.5%. This decision comes as Pakistan prepares for critical talks with the International Monetary Fund (IMF) regarding its $7 billion Extended Fund Facility program. As reported by ProPakistani, the rollover was secured after Deputy Prime Minister Ishaq Dar engaged with senior UAE officials, highlighting the importance of maintaining external financing stability during the IMF review process. The UAE's decision is seen as a crucial step in providing short-term financial relief to Pakistan, which is seeking to manage its external debt profile heavily reliant on bilateral partners like Saudi Arabia and China, in addition to the UAE.
FINANCE
UAE Agrees to Roll Over $2 Billion Loan to Pakistan

UAE extends $2B deposit for Pakistan by 2 months at 6.5% interest, aiding IMF talks. This rollover is crucial for Pakistan's debt management, heavily reliant on foreign financial support.
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