Pakistan has repaid $2 billion to the United Arab Emirates, the central bank confirmed on Saturday, as part of a broader plan to clear $3.5 billion in debt within April.
The State Bank of Pakistan (SBP) said the payment had been made, adding that a further $1 billion is due on April 23.
Despite the large outflow, the central bank said the repayment would not impact the country’s foreign exchange reserves.
“Arrangements for external payments are in place,” SBP sources said, stressing that reserves would remain stable and…
