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Pakistan To Repay USD 1.5 Billion Outstanding UAE Debt By April 23

Pakistan To Repay USD 1.5 Billion Outstanding UAE Debt By April 23

Pakistan’s central bank said it plans to repay the remaining $1.5 billion of a $3.5 billion UAE loan by April 23, after already returning $2 billion. The SBP said reserves stayed stable due to inflows, including $2 billion from Saudi Arabia. Finance Minister Muhammad Aurangzeb said Pakistan expects a $1.2 billion IMF tranche after talks in Washington.

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