Pakistan Weighs ‘All Options’ to Sustain Reserves After UAE Move

Pakistan is considering financing from both countries and banks as options to help maintain foreign-exchange reserve levels amid soaring oil prices, Finance Minister Muhammad Aurangzeb said, after the United Arab Emirates asked for the full repayment of a $3 billion loan.

The South Asian country this month failed to reach an agreement with the UAE to roll over the debt for the first time in seven years, adding pressure on external buffers at a time when the economy is getting hit by the fallout from the conflict in the Middle East.

“Whatever we need to cover will be a combination ...