Pakistan has fully repaid its debt to the United Arab Emirates after the State Bank of Pakistan made the final payment of $1 billion to the Abu Dhabi Fund.
According to the State Bank, all UAE deposits and loans worth $3.45 billion have now been returned. The State Bank of Pakistan completed another major financial payment by returning $1 billion to the UAE.
Officials said the payment was made to the Abu Dhabi Fund, clearing the remaining amount owed by Pakistan. The latest payment marks the full settlement of Pakistan’s UAE-related debt.
Also Read: Govt to return further $1bn to UAE
According to the State Bank of Pakistan, Pakistan has now returned all $3.45 billion in UAE deposits and loans. Officials said the repayment process included a major payment of $2.45 billion made by Pakistan last week.
With the latest $1 billion payment, the full amount has been cleared.
Timeline of UAE financial support
Pakistan had received $2 billion in deposits from the UAE in 2018. The country later received another $1 billion from the UAE in 2023. In addition, Pakistan had taken a $450 million loan from the UAE nearly 30 years ago.
Also Read: Pakistan repays $2bn loan to UAE
The State Bank said Pakistan has fully repaid its UAE debt after completing the final payment. Officials described the repayment as a major financial transaction by the central bank.
