Key Takeaways:
UAE rolled over $2 billion loan to Pakistan
Deposits were $1 billion each
Renewed for another year by UAE
State Bank of Pakistan involved in handling deposits
UAE Rolls Over $2 Billion Loan to Pakistan
The United Arab Emirates (UAE) has recently rolled over a $2 billion loan to Pakistan, providing crucial financial support to the country. In this agreement, deposits of $1 billion each were made, and the loan was renewed for another year by the UAE. The State Bank of Pakistan played a pivotal role in handling these deposits, ensuring smooth transactions and managing the financial cooperation between the two nations. This loan rollover reflects the strong economic ties between the UAE and Pakistan, reinforcing their commitment to supporting each other in times of need.