ISLAMABAD: Pakistan has made a $2 billion payment to the United Arab Emirates (UAE), the State Bank of Pakistan (SBP) confirmed, stating that the amount had been held as a safe deposit in Pakistan’s account.
According to the central bank, Pakistan successfully met its international payment obligations on time last week, ensuring that timely inflows and outflows helped prevent any significant pressure on the country’s foreign exchange reserves.
During the same period, Pakistan also managed nearly $1.5 billion in Eurobond repayments and settled $2 billion in maturing deposits. The country further raised $500 million through the sale of Eurobonds, strengthening its external financing position.
The SBP also noted that a $2 billion deposit from Saudi Arabia was received, which provided additional support to Pakistan’s foreign reserves amid ongoing external financial obligations.
