Pakistan Says It Will Repay Matured Loan Deposits to UAE

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The State Bank of Pakistan in Karachi, Pakistan.Pakistan will return matured loan deposits to the United Arab Emirates, in a move that will strain the South Asian nation’s reserves. The deposits “were placed under bilateral commercial agreements, demonstrating the UAE’s strong support for Pakistan’s economic stability and prosperity,” according to a statement by the Foreign Ministry postedBloomberg Terminal on X on Saturday. They have now matured and will be returned through the State Bank of Pakistan, it noted.
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