SBP Slows Pace of FX Purchases in FY26

MG News | November 24, 2025 at 07:30 PM GMT+05:00

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November 24, 2025 (MLN): The State Bank of Pakistan (SBP) purchased USD 257 million from the interbank foreign exchange market in August 2025, up from USD 189 million in July 2025.

According to data released by the SBP, total purchases during FY26 amounted to USD 446 million, significantly lower than the USD 1.291 billion purchased during the corresponding period of FY25.

Data released since June 2024 shows that the SBP has made net purchases of USD 8.703 billion from the market.

The SBP defines Net FX Intervention as outright and swap purchases of foreign exchange minus outright and swap sales conducted with banks in the interbank market.

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