The United Arab Emirates (UAE) has approved a one-month rollover of a $2 billion loan to Pakistan, providing temporary financial relief to the country. According to Hum News, this loan had matured last month, and Pakistan has requested a rollover of the entire $3 billion loan for a year. The sources mentioned that the UAE's $3 billion deposit in Pakistan's central bank is crucial for meeting the balance of payments requirements. Furthermore, under the International Monetary Fund (IMF) program conditions, Pakistan needs to rollover $12 billion in loans during the current fiscal year, with the UAE's $3 billion being a significant part of this requirement. This development highlights the ongoing financial challenges faced by Pakistan and the critical role of international financial support in stabilizing its economy.
FINANCE
UAE Approves One-Month Roll Over of $2 Billion Loan to Pakistan

UAE extends $2B loan to Pakistan for a month, aiding financial stability amid IMF conditions. Separately, 24 nations join Pakistan's Army Team Spirit Competition, boosting military cooperation.
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