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Pakistan's central bank plans to settle a USD 1.5 billion loan with the United Arab Emirates by April 23.
Pakistan will settle a remaining USD 1.5 billion loan to the UAE by April 23.
KEY POINTS
- Pakistan repaid USD 2 billion to the UAE after receiving a USD 2 billion Saudi deposit.
- The UAE demanded immediate repayment due to escalating tensions following the US-Israel conflict with Iran.
- Saudi Arabia extended the maturity of a separate USD 3 billion deposit with Pakistan's central bank.
- Pakistan expects a USD 1.2 billion IMF disbursement after a Staff Level Agreement review in May.
COMPANIES
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