Sources said Caretaker PM Anwar Haq Kakar composed a letter to the President of the UAE to provide the debt repayment scheduled for January 23.
Progressing conversations stretch out past the caretaker PM. Finance Ministry sources are sure that the $2 billion debt deferral will be effectively arranged and finished this week.
The provisions of the rollover include a 3 percent loan fee on $1 billion and a 6.5 percent rate on the excess $1 billion.
Prominently, the liquid foreign exchange reserves held by the State Bank of Pakistan have fortified since December regardless of the recent plunge. On January 5, 2024, foreign currency reserves held by the SBP were recorded at $8.155 billion, down $66 million contrasted with $8.221 billion on December 29, 2023. The central bank reserves have expanded by more than $1 billion over the last few sessions.
