United Bank Limited (UBL) has successfully arranged and financed a $300 million short-term loan for the Government of Pakistan through its branches in the UAE and Bahrain, the bank announced in a statement. The transaction is aimed at supporting Pakistan’s external financing requirements, aligning with the country’s commitments to the International Monetary Fund (IMF).
With international assets exceeding $2.4 billion, UBL is recognized as one of the Pakistani banks with the largest global presence. The bank highlighted its strong track record of executing complex, high-value transactions, reaffirming its ability to provide seamless and reliable financial solutions both domestically and internationally.
“This deal underscores UBL’s commitment to fostering sustainable economic progress in Pakistan while maintaining the highest standards of service and innovation,” the bank stated.
The federal government secured the commercial loan at an interest rate of 7.2-7.7%, which will help address Pakistan’s external financing challenges as the country works to improve its economic outlook.
UBL emphasized its role as a trusted partner in Pakistan’s economic development, leveraging its expertise and international footprint to support the country’s financial needs. The bank’s efforts come at a time when Pakistan is striving to stabilize its economy and meet its international obligations.
