The State Bank of Pakistan (SBP) has confirmed the transfer of $2 billion to the United Arab Emirates. This sum had previously been held in Pakistan’s account under a secure deposit arrangement, and the transaction marks a significant step in the ongoing financial cooperation between the two nations.
In a significant development, SBP Governor Jameel Ahmad noted that Pakistan’s key macroeconomic indicators have improved at a faster pace than anticipated since the start of the current fiscal year. He shared these insights during discussions with senior representatives from major global financial and investment firms, including Barclays, Franklin Templeton, JP Morgan, Jefferies, and Citibank. Additionally, he engaged with leading credit rating agencies such as Fitch, Moody’s, and S&P Global.
These meetings occurred on the sidelines of the IMF–World Bank Spring Meetings, held from April 13 to 18, 2026. Meanwhile, Governor Ahmad also conducted crucial bilateral talks with top officials from the International Monetary Fund (IMF) and the World Bank Group. The discussions focused on Pakistan’s economic outlook and its ongoing reform agenda, underscoring the country’s commitment to financial stability and growth.
