Pakistan has completed arrangements to repay a $3 billion loan to the United Arab Emirates, with $2 billion expected to be paid on April 17.

According to Express News, the government has taken a significant step toward economic stability by finalizing the repayment plan for the UAE loan in phases over the coming week.

Sources in the Ministry of Finance stated that Pakistan plans to pay $2 billion on April 17, while the remaining $1 billion is expected to be repaid on April 23.

Officials also said that the State Bank of Pakistan’s reserves are expected to rise to $18 billion by June under a broader financial strategy. The repayment of a $450 million 30-year-old loan to the UAE has already been completed.

Sources added that a $3 billion financial deposit from Saudi Arabia will help bridge the funding gap, increasing Saudi support for Pakistan to around $8 billion.

In addition, Pakistan is expected to benefit from deferred oil payment facilities from Saudi Arabia, while discussions are ongoing with the IMF for the release of the next $1.21 billion tranche.

The IMF staff-level agreement has already been reached, and Pakistan is also planning to issue bonds in international markets, including Panda bonds in China, to strengthen its external financing strategy.