SBP says govt has paid $2bn to UAE

KARACHI. The State Bank of Pakistan (SBP) said on Saturday that the government had paid $2 billion to the United Arab Emirates (UAE). Earlier this month, a senior Pakistani official said Abu Dhabi had sought the immediate return of $3.5bn; the funds were part of external financing support extended in 2019 to help stabilise Pakistan’s balance of payments. The government had already paid $500 million to the UAE. The remaining amount is expected to be paid on April 23. The outflow of $3.5bn dollars...