The United Arab Emirates has agreed to a short-term rollover of a $2 billion deposit for Pakistan for a period of two months, The News reported on Friday, as Islamabad prepares for talks with the International Monetary Fund (IMF).
This assurance was given to Pakistan when Deputy Prime Minister and Foreign Minister Ishaq Dar contacted the UAE high-ups this week. A top official confirmed that the UAE has agreed to the short-term rollover until April 17, 2026. The development comes ahead of Pakistan’s upcoming review talks with the IMF for the third review and the release of the $1 billion fourth tranche under the $7 billion Extended Fund Facility (EFF).
“The UAE has granted the rollover on a short-term basis at a rate of 6.5%,” top official sources said, adding that formal approval from the concerned quarter was awaited and expected to be received anytime.
