Islamabad : During ongoing economic review discussions, the International Monetary Fund (IMF) has urged Pakistan to ensure a rollover of a $2 billion deposit from the United Arab Emirates (UAE) for at least one year.
According to sources, the IMF mission expressed concern over the status of the UAE deposit and sought clarification on whether the extension would be finalized. In response, officials from the State Bank of Pakistan (SBP) assured the visiting team that substantial progress had been made toward securing the rollover.
Sources within the Ministry of Finance indicated that a meeting between the IMF delegation and the UAE ambassador is expected as part of efforts to advance the process. Central bank representatives briefed the IMF team that the agreed external financing plan remains on track and that discussions regarding a temporary rollover arrangement have resumed.
In addition to the UAE deposit, Pakistani authorities held detailed discussions with the IMF on foreign exchange reserves, monetary policy, the exchange rate, counter-terror financing measures, and other critical economic matters. Technical-level meetings also focused on banking regulations and steps taken to enhance the anti-money laundering framework.
Sources noted that the SBP governor and senior management provided briefings to the IMF delegation during initial sessions. The IMF team is scheduled to continue discussions with central bank officials in Karachi over the next two days.
