- August 20, 2026
- Posted by: Tresmark
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Saudi Arabia placed an additional $3 billion with the State Bank of Pakistan (SBP) in April 2026, taking its total deposits with the central bank to $8 billion, Finance Minister Muhammad Aurangzeb told the National Assembly.
Aurangzeb said the previously deposited $5 billion was also rolled over, providing continued support for Pakistan’s external financing requirements.
The finance minister also highlighted the United States as Pakistan’s largest export destination, with exports reaching $5.9 billion in FY2025-26. He said Pakistan is seeking improved tariff terms as Islamabad and Washington continue negotiations on a reciprocal trade agreement.
Pakistan is also working with the US to expand trade and investment in sectors including IT, mining and cotton.
Separately, Aurangzeb said the government had saved around Rs127.1 billion through additional austerity measures, including Rs2.1 billion in savings from lower petrol and diesel expenditure.
