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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Pakistan is set to repay a $3.5 billion loan to the UAE this month, increasing pressure on its foreign exchange reserves. The $7 billion IMF program requires maintaining reserves above $18 billion by June, while current reserves stand at $16.4 billion. Additionally, there is a $1.3 billion Eurobond repayment due by June. Meanwhile, a Pakistani military force has arrived at King Abdulaziz Air Base in Saudi Arabia as part of a strategic defense pact, and Saudi Arabia and Qatar will provide Pakistan with $5 billion in financial assistance to support its dwindling reserves.