Karachi: The State Bank of Pakistan confirmed on Saturday that the country has repaid $2 billion to the United Arab Emirates, describing the move as part of a routine financial arrangement.
A central bank spokesperson stated that the funds, which were previously held as deposits with the SBP, were returned on the instructions of the government in accordance with agreed procedures.
The repayment forms part of a broader $3.5 billion obligation to the UAE, with additional payments expected in the coming days.
Officials emphasized that such transactions are standard practice under bilateral financial agreements and should not be interpreted as unusual. The Foreign Office has also clarified in recent statements that the return of matured deposits is a routine process carried out under mutually agreed terms.
The development comes amid ongoing efforts by Pakistan to stabilize its external sector, manage debt repayments, and maintain adequate foreign exchange reserves. Analysts say continued financial support from allied countries will remain important in sustaining economic stability in the near term.
We welcome your contributions to The Pakistan Observer. Submit your blogs, opinion pieces, press releases and news features to our editorial team.
Please send your submissions to our News Desk or Editorial team. We look forward to hearing from writers, journalists and contributors.
