Deputy Prime Minister and Foreign Minister Ishaq Dar said the United Arab Emirates has assured Pakistan it will roll over $2 billion in deposits, continuing support for the country’s foreign exchange reserves.
Speaking informally to the media, Dar said the UAE would not withdraw the $2bn from Pakistan’s reserves and that talks on the rollover are ongoing. He said the new rollover is expected to be agreed for a longer term than previous arrangements.
The deposits, held at Pakistan’s central bank, are part of efforts to maintain foreign exchange stability while the country manages external financing needs.
Dar stressed that negotiations with the UAE government are progressing positively and expressed confidence that the extension would further strengthen Pakistan’s financial position.
Separately, at the Pakistan Governance Forum, the foreign minister said the government had taken effective measures to meet key policy objectives. He highlighted the expansion of economic diplomacy as a central pillar of foreign policy, aimed at reinforcing Pakistan’s role internationally.
He noted the world is going through a turbulent, transformative phase in international relations, with multilateralism and economic interdependence being reassessed and shifting geopolitical alignments shaping a new global landscape. Dar said Pakistan’s foreign policy is prepared to respond effectively to emerging global realities and evolving strategic challenges.