Pakistan is looking at financing options from multiple sources to repay a $3 billion loan from the UAE and bolster foreign exchange reserves amid high oil prices. The country has not reached an agreement with the UAE to extend the debt, increasing pressure on its external financial buffers.

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