Pakistan has outlined plans to meet nearly $4.8 billion in external repayment obligations by June, as pressure builds from upcoming maturities, including a $1.3 billion Eurobond due this week, according to official sources.
The repayments include around $3.5 billion owed to the United Arab Emirates, with arrangements structured through multiple financial facilities. Authorities have also decided to return a $2 billion deposit previously placed by Abu Dhabi with the State Bank of Pakistan, on which interest payments of approximately 6% were being made.
Officials indicated that the government of Pakistan has secured assurances exceeding $5 billion in external financial support from two friendly nations to help manage short-term balance of payments requirements. Additionally, the country is seeking rollovers of roughly $12 billion in deposits during the current fiscal year to stabilize its external financing position.
The maturing Eurobond, along with scheduled repayments to the United Arab Emirates, has intensified near-term financing needs. Historically, deposits from the UAE have been rolled over annually, but recent extensions have been shorter in duration, reflecting tighter global and regional financial conditions.
Sources noted that the Abu Dhabi Fund for Development has placed a total of $3 billion with Pakistan’s central bank in tranches. Some of these tranches have already been rolled over briefly, while others are approaching maturity and will be addressed closer to their due dates.
In response to circulating reports about repayment obligations, the Foreign Office described the transactions as routine financial arrangements carried out under mutually agreed bilateral terms. It emphasized that the deposits represent ongoing financial cooperation and support rather than any extraordinary repayment pressure.
