UAE Extends $2 Billion Deposits, Confirms State Bank of Pakistan

The United Arab Emirates (UAE) has rolled over $2 billion in deposits for Pakistan, the State Bank of Pakistan confirmed. This extension provides critical financial support as Pakistan grapples with its ongoing economic challenges. The funds, originally deposited in January 2022, have been extended for an additional year. The gesture comes as part of the UAE’s continued assistance to bolster Pakistan’s foreign reserves and ensure economic stability. With this rollover, Pakistan gains a bit more breathing room as it works toward long-term financial reforms and improved economic resilience.