Pakistan has expressed hopes to repay the remaining $1.5 billion of the total $3.5 billion loan to UAE by April 23. This comes ahead of an expected $1.2 billion disbursement from the International Monetary Fund (IMF), following recent discussions in Washington.Spokesperson for the State Bank of Pakistan, country’s central bank told PTI, “Pakistan has repaid $2 billion of a $3.5 billion fund, which was placed by the United Arab Emirates with the State Administration of Foreign Exchange (SAFE) deposit with the central bank.”“The amount of $2 billion was transferred to the UAE following the maturity of deposits held by the State Bank. The remaining amount has to be paid by April 23,” he said.Earlier this week, the Saudi Fund for Development deposited $2 billion of its $3 billion support with the State Bank of Pakistan.The central bank spokesperson added that Pakistan’s foreign exchange reserves had remained steady due to ongoing inflows into the financial system.Meanwhile, in a separate update, Pakistan’s finance minister Muhammad Aurangzeb said in Washington that the country is anticipating a $1.2 billion release under the Staff Level Agreement (SLA) reached with the IMF after recent negotiations in the US capital. He said the IMF Executive Board is expected to meet in mid-May in Washington to review the agreement, which would clear the next tranche under the programme.The UAE had earlier extended $3.5 billion to support Pakistan’s balance of payments position, with the arrangement rolled over until recently. However, reports earlier this month suggested the UAE sought immediate repayment of funds following regional developments in the Middle East after the US-Israel launched joint strikes on Iran.In parallel, Saudi Arabia has also moved to support Pakistan’s external financing needs. The Saudi Fund for Development has signed an agreement with the SBP allowing an extension in the maturity of a $3 billion deposit. On Thursday, it deposited $2 billion of that total with the central bank, providing additional support to Pakistan’s reserves.“The agreement, signed between the SaudiA Fund for Development (SFD) and the State Bank of Pakistan (SBP), provides for the extension in the maturity of a $3 billion deposit placed by SFD with the State Bank of Pakistan,” said a post on X by the ministry of finance.Officials said Pakistan has been paying around 6 per cent interest on the UAE-linked funds. The deposit arrangements were previously rolled over on a yearly basis, but in December 2025, the term was first extended for one month and then for two months until April 17.Pakistan’s pending billsFor the current fiscal year, Pakistan requires approximately $12 billion in external deposit rollovers, including $5 billion from Saudi Arabia, $4 billion from China, and $3 billion from the UAE.According to official figures, Pakistan’s foreign exchange reserves stood at $16.4 billion as of March 27, a level authorities said was sufficient to cover nearly three months of imports. The latest repayment to the UAE comes as the country continues to manage pressure on its external financial position.

Amid ongoing geopolitical tensions straining global oil supplies, the government has said that it is ensuring uninterrupted fuel availability across the country and is closely monitoring maritime safety in the Middle East.Reassuring citizens, the ministry of petroleum and natural gas said there has been no disruption in household LPG supply. “Domestic LPG cylinder deliveries remain normal against bookings with more than 53.5 lakh domestic LPG cylinders delivered yesterday,” it said.The ministry further urged people not to rush to fuel stations or stock up on supplies. It said, “Citizens are advised to avoid panic purchase of petrol, diesel and LPG as the Govt is making all efforts to ensure availability of petrol, diesel and LPG.”It further assured that essential services remain fully supported, stating, “100% supply is being made to Domestic LPG, Domestic PNG and CNG (Transport),” while supply management measures are being taken as needed.At the same time, the government pointed to changes in consumer behaviour in the energy sector. It said, “more than 39,000 PNG consumers surrendered their LPG connections via MYPNGD.in,” suggesting a gradual shift towards piped natural gas. It also noted a rise in auto fuel demand, adding that “avg. Auto LPG sale by PSU OMCs in the month of April-26 (till 17.04.26) is around 305 MT/day against the avg. of 177 MT/day during Feb-26.“On the maritime front, authorities confirmed that Indian shipping continues to move safely through the region despite risks. The Ministry of Ports, Shipping and Waterways said, “Indian-flagged crude oil tanker Desh Garima safely crossed the Strait of Hormuz on 18 April 2026,” adding that the vessel, carrying 31 Indian seafarers, is “expected to arrive at Mumbai on 22 April 2026.”However, it also acknowledged recent security incidents, noting that “two Indian vessels… reported a firing incident while transiting the Strait of Hormuz,” though “there has been no injury to any crew reported.”The shipping ministry said the situation is being closely tracked, adding, “All Indian seafarers are safe. The situation continues to be closely monitored.”On fuel availability, the petroleum ministry said refineries are running at strong capacity and “sufficient stocks of petrol and diesel are being maintained,” with retail fuel stations operating normally across the country.To cushion consumers from global price shocks, the government highlighted recent fiscal steps, saying, “The Middle East crisis has led to an abnormal increase in crude prices; however, to protect consumers, the Government of India has reduced excise duty on petrol and diesel by Rs 10 per litre.”It also intensified action against malpractice in the supply chain, stating that “more than 2400 raids were conducted across the country” on April 18 to check hoarding and black marketing of LPG.Officials said that coordinated efforts with states, industry stakeholders and agencies are ongoing to ensure energy security and uninterrupted supplies despite global uncertainty.

India and the United States are set to resume trade negotiations this week, with a delegation of about a dozen officials travelling from New Delhi to Washington for discussions on the first phase of the proposed bilateral trade agreement (BTA). The talks, scheduled from April 20 to 22, will be led by India’s chief negotiator Darpan Jain, additional secretary in the department of commerce, and will include officials from the customs department and the ministry of external affairs.“The meeting will happen from April 20-22 in Washington DC. India’s chief negotiator Darpan Jain (additional secretary in the department of commerce) is leading the team. Officers from customs and external affairs ministry are also part of the Indian team,” an official told PTI. This round of talks comes after major changes in the US tariff system, which have led both sides to reconsider the structure of the trade agreement finalised earlier this year and released on February 7.A key shift came after the US Supreme Court struck down reciprocal tariffs imposed under the 1977 International Emergency Economic Powers Act, prompting the US administration to introduce a temporary flat 10% tariff on all countries for 150 days from February 24. These developments resulted in postponing of a planned February meeting between the chief negotiators, with the rescheduled talks in Washington now set to take place under this updated tariff framework.With Washington now applying a uniform 10% tariff on all trading partners, the relative advantage India had under the earlier arrangement has diminished, leading to calls for revisiting the agreement. “So the agreement will have to be recalibrated, redrafted,” a government source has said, adding, “that amount of change will take place from their side”.“In our case, since the agreement has not been signed, we have got the option where we can right now change whatever needs to be changed,” the source has said.In addition to tariff issues, the discussions are expected to address two investigations initiated by the US Trade Representative under Section 301 of its trade law. India has contested the allegations in these probes and has asked for them to be withdrawn, arguing that the initiation notices do not provide adequate justification. The talks are taking place at a time when countries are reassessing their positions under the revised tariff system amid changes in global trade with the US.At the same time, trade patterns for India have also seen changes. China has become India’s largest trading partner in 2025-26, replacing the US, which had held that position for four consecutive years until 2024-25.Latest figures show India’s exports to the US rose slightly by 0.92% to $87.3 billion in the last financial year, while imports grew by 15.95% to $52.9 billion. This resulted in a narrowing of the trade surplus to $34.4 billion in 2025-26, compared with $40.89 billion in the previous year.