Pakistan has completed the full repayment of UAE deposits today. The State Bank of Pakistan confirmed the disbursement of another $1 billion on April 23, 2026. The payment went to the Abu Dhabi Fund for Development following the maturity of deposits previously placed with the SBP. This means Pakistan repays another $1 billion to UAE as the final installment. The central bank confirmed the transfer on X, stating the funds successfully remitted upon maturity under agreed financial arrangements.

State Bank of Pakistan repaid deposit of US$ 1 billion to Abu Dhabi Fund for Development (ADFD) UAE on 23April2026. Deposits of $2.45 billion were repaid last week. This completes the repayment of total deposits of $3.45 billion to UAE.

— SBP (@StateBank_Pak) April 24, 2026

The latest payment follows last week’s $2.45 billion repayment. Together, the two transfers total $3.45 billion settled within a single week. The deposits had been maintained as State Administration of Foreign Exchange deposits, or SAFE deposits. Friendly countries provide these funds to help strengthen Pakistan’s foreign exchange reserves and support external financing needs during periods of economic pressure. When Pakistan repays another $1 billion to UAE today, it closes a significant chapter of bilateral financial support.

Such deposit arrangements have historically played a critical role in stabilizing Pakistan’s external account. They provide a cushion during economic reforms and help maintain investor confidence. The central bank did not disclose whether fresh rollover arrangements or new deposits from the UAE will follow these repayments. The silence leaves analysts guessing about future arrangements.

Pakistan has now fully settled its outstanding UAE deposits. The timing matters. Saudi Arabia recently deposited $2 billion to offset this withdrawal. One ally takes money out. Another puts money in. The reserves remain stable.