Pakistan is set to receive a USD 1 bln loan from the UAE, bringing the country closer to finalizing a deal with the IMF to prevent a default. The bond prices for the country have risen, with the 2024 bond jumping nearly 2 cents to reach 49.7 cents on the USD, the highest in a month. The nation still has distressed bond levels, and it needs to pay USD 2.2 bln in the quarter ending June while its FX reserves stand at USD 4 bln. The country’s central bank governor, Jameel Ahmad, expects to rollover debt of USD 2.3 bln.