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2026-04-06 09:34:40
[Pakistan to Return Matured Funds to UAE, Foreign Exchange Reserves Under Pressure] (1) Pakistan will return funds previously provided by the UAE in the form of official deposits, a move that will increase pressure on the country's foreign exchange reserves. The Pakistani Foreign Ministry stated that these deposits were provided under bilateral commercial agreements and have now matured, and will be returned through the State Bank of Pakistan. (2) According to an unnamed cabinet official, the total amount of this debt is US$3.5 billion. As of March 27, Pakistan's foreign exchange reserves stood at US$16.4 billion, with another US$1.3 billion in bonds due in April. (3) In response to soaring oil prices caused by the Middle East war, Pakistani authorities last week canceled the full fuel subsidy and raised diesel and gasoline prices for the first time in nearly a month.
