UBL Arranges $300m Financing for Pakistan

United Bank Limited (UBL) has successfully arranged and financed a $300 million short-term loan for Pakistan’s government through its UAE and Bahrain branches. This marks the first foreign loan outside of China since 2022, aimed at supporting Pakistan’s external financing needs in line with IMF commitments. UBL’s international assets exceed $2.4 billion, showcasing its capability to execute high-value transactions. The loan, obtained at interest rates between 7.2% and 7.7%, is expected to bolster Pakistan’s economic outlook as the country continues to improve its financial stability.