Death toll rises to 23 in Papua New Guinea following devastating tropical cyclone, Nearly 1 million Indians return from West Asia amid regional turmoil, IMF raises India growth forecast to 6.5% for 2026 and 2027, Nirav Modi case to be 'confidential' as European Court of Human Rights grants anonymity,

Pakistan to repay $2 billion UAE loan following Abu Dhabi’s demand

Pakistan has decided to repay a loan of USD 2 billion to the United Arab Emirates (UAE) on its demand, a media report said on Friday. The UAE had provided the funds to support the balance of payment, and it was being rolled out until recently. The UAE recently asked for the immediate return of the funds in the wake of the recent situation in the Middle East following the US-Israel war on Iran, sources said. Citing sources, Geo News reported that the amount was kept with the State Bank of Pakistan (SBP) as a safe deposit.
Pakistan will return USD 2 billion to Abu Dhabi by the end of this month, it added. The insiders said Pakistan has been paying around 6 per cent interest on the amount. In the past, the UAE used to roll over the deposit on a yearly basis. However, in December 2025, the amount was extended first for one month and then for two months until April 17.
For the current fiscal year, Pakistan needed a rollover of approximately USD 12 billion in external deposits, including USD 5 billion from Saudi Arabia, USD 4 billion from China and USD 3 billion placed by the UAE. Pakistan has more than USD 21 billion in reserves and will pay back to the UAE, but it may need external financing in the coming months.Pakistan has more than USD 21 billion in reserves and will pay back to the UAE, but it may need external financing in the coming months.

 


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. No breakthrough in Iran-US peace talks in Pakistan on day1: Report

    Full Story

  1. JD Vance to lead team for peace talks with Iran in Pakistan

    Full Story

  1. Pakistan would hit Kolkata in 'future' conflict: Khawaja Asif

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

Preserving the Past: Tubers, Tradition, and the Tang of Monkey Jackfruit

India's culinary landscape is enriched by the versatile tubers that have been cultivated and consumed for centuries. 

Read More

Crime

Builder-Financial institutions nexus: CBI raids 77 sites in 8 States

The CBI on Tuesday conducted searches at 77 locations across 8 states in connection with builders-financial institutions nexus case

Read More

Opinion

An elegy for a wounded ideal

Democracy was never meant to be a mere mechanism for counting votes, nor peace a temporary pause between hostilities.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.