Pakistan has completed the repayment of a $3.45 billion deposit to the United Arab Emirates, the State Bank of Pakistan announced on Friday. The funds were returned in two parts: $1 billion to the Abu Dhabi Fund for Development on April 23, and the remaining $2.45 billion the previous week. The repayment matters because the deposits — originally extended in 2019 to help stabilise Pakistan's balance of payments — could not be rolled over after Islamabad failed to reach a renewal agreement with the UAE in March, raising concerns about near-term financing gaps even as the country pursues IMF-backed economic reforms.