UAE asks Pakistan to pay back USD 2 billion loan immediately as conflict rages on in West Asia

Pakistan will repay a USD 2 billion loan to the United Arab Emirates on its request, according to a media report on Friday. The funds were originally provided by the UAE to support Pakistan’s balance of payments and had been rolled over regularly until recently. However, sources said the UAE sought immediate repayment amid the evolving situation in the Middle East following the US Israel war on Iran.