Islamabad, Dec 31: United Bank Limited (UBL) has successfully arranged and financed a USD 300 million short-term loan for the Government of Pakistan through its branches in the UAE and Bahrain. This loan aims to support Pakistan’s external financing needs, in alignment with its commitments to the International Monetary Fund (IMF).
UBL, one of the largest Pakistani banks with international assets exceeding USD 2.4 billion, continues to demonstrate its capacity to execute high-value and complex transactions. The deal reflects UBL’s strong international presence and reputation for providing reliable financial solutions both within Pakistan and globally.
The loan, obtained by the federal government, carries an interest rate between 7.2 and 7.7 percent. In its statement, UBL emphasized its commitment to supporting Pakistan’s economic progress and maintaining high standards of service and innovation as the country works to improve its economic outlook.
