ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb said on Wednesday that Islamabad was in talks with the UAE on rolling over its $2 billion loan, clarifying that there was no cause for concern over the matter.
The UAE has rolled over deposits worth $2 billion with Pakistan’s central bank since 2023, helping the South Asian country shore up its foreign exchange reserves.
The loan first matured in January this year and again in February. However, Pakistan’s central bank has not made any announcement about its status.
“We are directly in communication with them [UAE],” Aurangzeb told reporters in response to a question about whether the Gulf country had officially rolled over the loan or not.
“There is absolutely no issue with the rollover. I want to be very categorical.”
