KEY POINTS
- United Arab Emirates assures $2 billion rollover to Pakistan’s central bank
- Rollovers aimed at maintaining foreign exchange stability amid external financing needs
- Pakistan’s foreign policy and economic diplomacy geared to global challenges
- Discussions expected to extend rollover tenure beyond previous arrangements
ISLAMABAD: Pakistan has received assurances from the United Arab Emirates that $2 billion in deposits with its central bank will be rolled over, providing continued support to the country’s foreign exchange reserves, Deputy Prime Minister and Foreign Minister Ishaq Dar said on Wednesday.
Speaking informally to the media, Dar noted that the UAE would not withdraw the deposits and that negotiations regarding the rollover were progressing positively.
He added that the new rollover is expected to be agreed for a longer tenure than previous arrangements, reinforcing Pakistan’s financial position.
The deposits, placed with the State Bank of Pakistan, are part of broader efforts to maintain foreign exchange stability as the country manages ongoing external financing requirements.
Separately, while addressing the Pakistan Governance Forum, Dar highlighted the expansion of economic diplomacy as a central component of Pakistan’s foreign policy, aimed at strengthening the country’s international engagement and economic positioning.
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He observed that the global landscape is undergoing a turbulent and transformative phase, with multilateralism and economic interdependence being reassessed, and shifting geopolitical alignments reshaping international relations.
Pakistan’s foreign policy, he said, is prepared to respond effectively to these emerging global realities and strategic challenges.
