A surprising news has come from poor Pakistan. Information has been given by the Central Bank of Pakistan that their country has repaid the loan of 2 billion dollars to the United Arab Emirates (UAE). This announcement by State Bank of Pakistan (SBP) comes two days after Saudi Arabia deposited $2 billion in SBP. This amount was a part of $3 billion aid. Quoting a Central Bank spokesperson, Geo News said that the State Bank of Pakistan (SBP) confirmed that the government has repaid the loan of $ 2 billion to the United Arab Emirates (UAE). SBP spokesperson said that this amount was kept as a safe deposit with the Central Bank.
UAE had asked for its own funds
The UAE had provided this fund to help with the 'Balance of Payments', and till recently it was being extended. In a report earlier this month, Geo News, quoting sources, had reported that in view of the latest situation in West Asia after the US-Israel war on Iran, the UAE had recently demanded the immediate return of this fund. Saudi Arabia has signed an agreement with the SBP—announced on Friday—allowing it to extend the maturity period of $3 billion deposited with the SBP.
Received 2 billion dollars from Saudi Arabia
On Thursday, 'Saudi Fund for Development' deposited $2 billion out of $3 billion in the State Bank of Pakistan (SBP), which has provided a major support to the country's faltering foreign exchange reserves. Pakistan's Finance Ministry said in a post on ' Earlier, UAE used to extend this deposit period every year. However, in December 2025, this period was extended first by one month, and then by two months – i.e. till April 17.
Foreign exchange reserves of $ 16.4 billion
For the current financial year, Pakistan needed about $12 billion as rollover of foreign deposits. This included $5 billion from Saudi Arabia, $4 billion from China and $3 billion deposited by UAE. According to official data, as of March 27, Pakistan's foreign exchange reserves stood at US$16.4 billion, which officials said was enough to meet about three months of imports. The repayment requirement to the UAE was met amid new pressure on the country's external reserves.
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