UAE Agrees to Two-Month Rollover of $2 Billion Deposit for Pakistan Ahead of IMF Talks
By Shahzad Paracha :
The United Arab Emirates (UAE) has approved a short-term two-month rollover of a $2 billion deposit with Pakistan, sources told The News on Friday, as Islamabad prepares for upcoming review talks with the International Monetary Fund (IMF).
Deputy Prime Minister and Foreign Minister Ishaq Dar coordinated with UAE officials earlier this week, securing the rollover until April 17, 2026, at a rate of 6.5 percent, pending formal approval.
The move comes ahead of Pakistan’s third review with the IMF under the $7 billion Extended Fund Facility (EFF), which includes the disbursement of a $1 billion fourth tranche.
Previously, the UAE had extended a $2 billion deposit for just one month, with tranches maturing on February 16 and February 22. Pakistan had requested a longer-term rollover of two years, with plans to negotiate an extended term after the IMF review.
The Abu Dhabi Fund for Development has placed $3 billion in three separate tranches with the State Bank of Pakistan, with the remaining $1 billion tranche maturing in July 2026.
In parallel, Saudi Arabia has extended a $3 billion deposit by another year, and Pakistan is seeking rollover of around $12 billion in external deposits from Saudi Arabia, China, and the UAE to support the country’s external financing needs for the current fiscal year.
Officials emphasized that these measures, along with ongoing IMF engagement, aim to maintain financial stability and ensure continued access to bilateral and multilateral support.
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