Pakistan to return $3.5bn UAE debt before month end: official

Pakistan to return $3.5bn UAE debt before month end: official

ISLAMABAD: Pakis­tan has decided to return $3.5 billion in debt to the United Arab Emirates (UAE) before the end of this month, a senior Pakistani official said on Friday. The official described the move as a cost the country was willing to bear to uphold “national dignity,” even as it is set to significantly draw down foreign exch­ange reserves. The official disclosed that Abu Dhabi had sought the immediate return of the amount. “The amount will be returned as soon as possible,” the official sa...

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