{"id":5757,"date":"2026-04-19T22:10:37","date_gmt":"2026-04-19T16:40:37","guid":{"rendered":"https:\/\/banitoday.com\/pakistan-says-it-will-repay-remaining-1-5-billion-loan-to-uae-by-april-23-amid-imf-funding-hopes\/"},"modified":"2026-04-19T22:10:37","modified_gmt":"2026-04-19T16:40:37","slug":"pakistan-says-it-will-repay-remaining-1-5-billion-loan-to-uae-by-april-23-amid-imf-funding-hopes","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/pakistan-says-it-will-repay-remaining-1-5-billion-loan-to-uae-by-april-23-amid-imf-funding-hopes\/","title":{"rendered":"Pakistan says it will repay remaining $1.5 billion loan to UAE by April 23 amid IMF funding hopes"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-130373477,imgsize-11638,width-400,height-225,resizemode-4\/representational-image.jpg\" alt=\"Pakistan says it will repay remaining $1.5 billion loan to UAE by April 23 amid IMF funding hopes\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Pakistan has expressed hopes to repay the remaining $1.5 billion of the total $3.5 billion loan to UAE by April 23. This comes ahead of an expected $1.2 billion disbursement from the International Monetary Fund (IMF), following recent discussions in Washington.<span class=\"id-r-component br\" data-pos=\"2\"\/>Spokesperson for the State Bank of Pakistan, country&#8217;s central bank told PTI, \u201cPakistan has repaid $2 billion of a $3.5 billion fund, which was placed by the United Arab Emirates with the State Administration of Foreign Exchange (SAFE) deposit with the central bank.\u201d<span class=\"id-r-component br\" data-pos=\"4\"\/>\u201cThe amount of $2 billion was transferred to the UAE following the maturity of deposits held by the State Bank. The remaining amount has to be paid by April 23,\u201d he said.<span class=\"id-r-component br\" data-pos=\"8\"\/>Earlier this week, the Saudi Fund for Development deposited $2 billion of its $3 billion support with the State Bank of Pakistan.<span class=\"id-r-component br\" data-pos=\"10\"\/>The central bank spokesperson added that Pakistan\u2019s foreign exchange reserves had remained steady due to ongoing inflows into the financial system.<span class=\"id-r-component br\" data-pos=\"12\"\/>Meanwhile, in a separate update, Pakistan&#8217;s finance minister Muhammad Aurangzeb said in Washington that the country is anticipating a $1.2 billion release under the Staff Level Agreement (SLA) reached with the IMF after recent negotiations in the US capital. He said the IMF Executive Board is expected to meet in mid-May in Washington to review the agreement, which would clear the next tranche under the programme.<span class=\"id-r-component br\" data-pos=\"16\"\/>The UAE had earlier extended $3.5 billion to support Pakistan\u2019s balance of payments position, with the arrangement rolled over until recently. However, reports earlier this month suggested the UAE sought immediate repayment of funds following regional developments in the Middle East after the US-Israel launched joint strikes on Iran.<span class=\"id-r-component br\" data-pos=\"19\"\/>In parallel, Saudi Arabia has also moved to support Pakistan\u2019s external financing needs. The Saudi Fund for Development has signed an agreement with the SBP allowing an extension in the maturity of a $3 billion deposit. On Thursday, it deposited $2 billion of that total with the central bank, providing additional support to Pakistan\u2019s reserves.<span class=\"id-r-component br\" data-pos=\"21\"\/>\u201cThe agreement, signed between the SaudiA Fund for Development (SFD) and the State Bank of Pakistan (SBP), provides for the extension in the maturity of a $3 billion deposit placed by SFD with the State Bank of Pakistan,\u201d said a post on X by the ministry of finance.<span class=\"id-r-component br\" data-pos=\"24\"\/>Officials said Pakistan has been paying around 6 per cent interest on the UAE-linked funds. The deposit arrangements were previously rolled over on a yearly basis, but in December 2025, the term was first extended for one month and then for two months until April 17.<span class=\"id-r-component br\" data-pos=\"26\"\/><span class=\"id-r-component br\" data-pos=\"27\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">Pakistan&#8217;s pending bills<\/span><span class=\"id-r-component br\" data-pos=\"29\"\/>For the current fiscal year, Pakistan requires approximately $12 billion in external deposit rollovers, including $5 billion from Saudi Arabia, $4 billion from China, and $3 billion from the UAE.<span class=\"id-r-component br\" data-pos=\"32\"\/>According to official figures, Pakistan\u2019s foreign exchange reserves stood at $16.4 billion as of March 27, a level authorities said was sufficient to cover nearly three months of imports. The latest repayment to the UAE comes as the country continues to manage pressure on its external financial position.<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/international-business\/pakistan-says-it-will-repay-remaining-1-5-billion-loan-to-uae-by-april-23-amid-imf-funding-hopes\/articleshow\/130373074.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan has expressed hopes to repay the remaining $1.5 billion of the total $3.5 billion loan to UAE by April 23. This comes ahead of an expected $1.2 billion disbursement from the International Monetary Fund (IMF), following recent discussions in Washington.Spokesperson for the State Bank of Pakistan, country&#8217;s central bank told PTI, \u201cPakistan has repaid [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-5757","post","type-post","status-publish","format-standard","has-post-thumbnail"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/5757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/comments?post=5757"}],"version-history":[{"count":0,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/5757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media\/5758"}],"wp:attachment":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media?parent=5757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/categories?post=5757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/tags?post=5757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}