Pakistan to Repay $3.5 Billion UAE Loan During April
Pakistan will return a $3.5 billion loan to the UAE this month, straining reserves. The move risks breaching key targets set under its current IMF program.
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Pakistan is preparing to return a $3.5 billion loan to the United Arab Emirates by the end of April, a move that government officials warn will strain national reserves and potentially jeopardize targets established under an International Monetary Fund (IMF) agreement. The repayment coincides with an additional $1.3 billion Eurobond maturity due by June, bringing the total external obligation to approximately $4.8 billion.
