Pakistan Repays $3.45bn in Matured Deposits to UAE Central Bank

The State Bank of Pakistan (SBP) has confirmed the repayment of $3.45 billion in matured deposits to the United Arab Emirates. The settlement follows a series of financial arrangements between the two nations aimed at stabilizing Pakistan's foreign exchange reserves and meeting its external debt obligations. Financial Obligations and Settlements According to official data from the Pakistani central bank, these deposits were part of a broader financial support package previously extended by the UAE. The repayment comes at a time when Pakistan is navigating a rigorous recovery program monitored by the International Monetary Fund (IMF). SBP Governor Jameel Ahmad confirmed the transaction, stating that the bank managed the outflows without disrupting the stability of the country's current account. Bilateral Financial Stability The UAE has historically acted as a primary financial partner for Pakistan, frequently rolling over loans and maintaining significant deposits within the SBP to bolster Islamabad's credit profile. While this specific $3.45 billion tranche has been cleared, both nations continue to discuss longer-term investment strategies, particularly in the energy and port…