ISLAMABAD: The United Arab Emirates (UAE) has, in principle, agreed to extend (roll over) Pakistan’s $2 billion deposit for a short period of two months.
A senior official confirmed that the UAE has consented to roll over the amount until April 17, 2026. The assurance was given following recent contacts between Ishaq Dar, Pakistan’s Deputy Prime Minister and Finance Minister, and senior UAE officials.
According to sources, the short-term extension carries an interest rate of 6.5 percent, with formal approval from relevant authorities expected imminently.
The move is being seen as significant ahead of the third review talks between Pakistan and the IMF, particularly as the previous one-month extension was due to expire in just four days. Islamabad has informed the UAE that it will seek a longer-term rollover after concluding negotiations with the IMF.
Earlier in January, the UAE had granted a one-month extension on the deposit, with the third installment of $1 billion scheduled for July 2026.
Foreign Office spokesperson Tahir Hussain Andarabi stated that Ishaq Dar is personally overseeing the matter and is actively coordinating with UAE authorities to ensure a smooth process.
He added that determining the rollover period is at the discretion of the lender, and thanks to the Deputy Prime Minister’s efforts, the rollover has been secured.
The spokesperson also clarified that he was not aware of statements made by Finance Ministry officials in the Standing Committee on Finance, and referenced the Finance Minister’s remarks that Pakistan’s external financial profile remains intact and IMF-related matters are progressing in the right direction.
