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It’s expected that the UAE will extend a debt of 2 billion dollars later this week.

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The United Arab Emirates (UAE) is likely to roll over $2 billion in debt this week.

According to sources in the Ministry of Finance, the loan of 2 billion dollars from the United Arab Emirates will be postponed for one year.

Sources in the Ministry of Finance said that caretaker Prime Minister Anwar Haq Kakar had written a letter to the President of the United Arab Emirates in this regard.

According to the sources, the loan of 2 billion dollars from UAE was maturing till January 23 and now 3% interest on one billion dollars and 6.5% interest on one billion dollars will be paid to UAE.

Sources say that discussions are going on to roll over the debt of the Prime Minister’s Office and the Ministry of Finance.

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