SBP’s FX Purchases rises to $1.03bn in Oct

January 27, 2026 (MLN):  The State Bank of Pakistan (SBP) purchased  $1.033bn from the interbank foreign exchange market in October 2025, maintaining its strong intervention stance from the previous month when it purchased $1.023bn  in September 2025.

According to data released by the SBP, total purchases during the first four months of FY26 (July-October 2025) amounted to $2.5bn, significantly lower than the $3.26bn purchased during the corresponding period of FY25.

Data released since June 2024 shows that the SBP has made net purchases of $10.76bn from the market over the 16-month period.

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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