India, April 5 -- Pakistan will have to repay between $3 billion and $3.5 billion to the United Arab Emirates in April after Abu Dhabi declined to roll over short-term deposits that had earlier been extended. The largest tranche, a $2 billion deposit, is due on 17 April, while additional repayments of roughly $450 million and $1 billion are scheduled within the same month, according to reports. An additional $1 billion UAE deposit is also expected to mature in July 2026, indicating that the current outflow pressure may extend beyond April.

These deposits are part of a broader external financing framework that Pakistan has relied on to maintain its foreign exchange reserves under an ongoing International Monetary Fund programme, which req...