UAE agrees to roll over payment of $2bn due by Pakistan

Prime Minister Shehbaz Sharif on Tuesday announced that the United Arab Emirates (UAE) had agreed to roll over the payment of $2 billion due by Pakistan this month.

Securing external financing has previously been a key condition for the International Monetary Fund (IMF) to approve the $7bn bailout deal for Pakistan.

Last year, friendly countries such as China, UAE, and Saudi Arabia had helped the country successfully clinch the IMF programme by providing timely confirmation of necessary financing assurances ...