UAE rolls over $2 billion loan to Pakistan, aiding its IMF bailout eligibility.
The United Arab Emirates has agreed to rollover a $2 billion loan to Pakistan for another year, as confirmed by Pakistan's State Bank. This agreement, following a meeting between the UAE President and Pakistani Prime Minister, is crucial for Pakistan's external financing needs, which are a condition for receiving a $7 billion bailout from the International Monetary Fund.
2 months ago
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