ISLAMABAD (Dunya News) – Deputy Prime Minister and Foreign Minister Ishaq Dar has said that the United Arab Emirates has assured Pakistan of rolling over $2 billion in deposits, providing continued support to the country’s foreign exchange reserves.
Speaking informally to the media, Dar stated that the UAE would not withdraw the $2bn from Pakistan’s reserves and that discussions were ongoing regarding the rollover arrangement. He added that the new rollover is expected to be agreed for a longer tenure than previous arrangements.
The deposits, placed with Pakistan’s central bank, form part of efforts to maintain foreign exchange stability at a time when the country continues to manage external financing requirements.
Dar emphasised that negotiations with the UAE government were progressing positively and expressed confidence that the extension would further strengthen Pakistan’s financial position.
Separately, addressing the Pakistan Governance Forum, the foreign minister said the government had taken effective measures to achieve key policy objectives.
He highlighted the expansion of economic diplomacy as a central pillar of Pakistan’s foreign policy, aimed at reinforcing the country’s role on the global stage.
He noted that the world was currently passing through a turbulent and transformative phase in international relations. Concepts of multilateralism and economic interdependence were being reassessed, while shifting geopolitical alignments were shaping a new global landscape.
Dar maintained that Pakistan’s foreign policy was fully prepared to respond effectively to emerging global realities and evolving strategic challenges.