UAE extends $2bn Pakistan deposit as IMF review nears
“The UAE has agreed to roll over a $2 billion deposit for Pakistan for two months at 6.5%, extending it to April 17, 2026.”
Key points
- The UAE has agreed to roll over a $2 billion deposit for Pakistan for two months at 6.5%, extending it to April 17, 2026.
- The move offers short-term support as Pakistan prepares for its next IMF review and plans to seek a longer rollover after talks.
Pakistan has secured a short-term extension on a $2 billion deposit from the United Arab Emirates, providing temporary breathing space as Islamabad heads into its next review with the International Monetary Fund.
According to the report, the rollover has been agreed for two months, taking the extension through April 17, 2026, and is set at an interest rate of 6.5%. The assurance was conveyed after Deputy Prime Minister and Foreign Minister Ishaq Dar contacted senior UAE officials.
Officials indicated that while the rollover is effectively assured, formal approval is still awaited from the relevant authorities. Pakistan is expected to seek a longer extension once the IMF review discussions conclude.
The report also notes that the UAE’s deposits with Pakistan’s central bank are arranged in multiple tranches, and that Islamabad is pursuing rollovers for a broader set of external deposits during the fiscal year, alongside deposits linked to other partner countries.
Corrections & clarifications
Spot an inaccuracy or need more detail? Email connect@newsnexus24.com. Significant updates are timestamped above.
