The IMF is seeking a rollover of a $2 billion deposit from the UAE for at least one year as part of ongoing economic review talks with Pakistan, according to official sources.
During discussions, the IMF delegation raised concerns over the absence of confirmation regarding the rollover of the United Arab Emirates deposit. The issue forms part of the broader review of Pakistan’s economic programme.
Officials from the State Bank of Pakistan told the IMF team that progress is expected. They added that efforts are underway to align the rollover with commitments under the IMF-supported programme.
IMF Seeks UAE Deposit Rollover During Economic Review
As the IMF seeks a rollover of UAE deposits, the matter has become central to discussions on Pakistan’s external financing strategy. Sources in the Ministry of Finance indicated that a meeting between the IMF delegation and the UAE ambassador is likely.
The engagement aims to secure clarity on extending the deposit for at least one year. State Bank officials also briefed the IMF on Pakistan’s external financing plan and reserve position.
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Officials noted that if the rollover is confirmed only for a shorter duration, further negotiations would continue to ensure sustained support.
The talks also covered foreign exchange reserves, monetary policy, exchange rate management, and counter-terror financing measures. Technical discussions addressed anti-money laundering frameworks, banking regulations, and financial sector reforms.
During the introductory session, the Governor of the State Bank and senior management presented an overview of Pakistan’s economic position and progress on reforms.
Sources confirmed that IMF officials will continue negotiations with central bank representatives in Karachi for two more days.
