SBP buys $9.7bn from domestic FX market in 16 months

SBP Buys $9.7 Billion from Forex Market to Stabilize Dollar

The State Bank of Pakistan (SBP) purchased a net $9.7 billion from the domestic foreign exchange market between June 2024 and September 2025, reflecting its active intervention to stabilize the rupee and strengthen the country’s forex reserves, according to central bank data released Tuesday. Data shows the SBP remained a consistent buyer of dollars, with […] The post SBP Buys $9.7 Billion from Forex Market to Stabilize Dollar appeared first on …

SBP buys $9.7bn from domestic FX market in 16 months

The State Bank of Pakistan (SBP) purchased $9.7 billion from domestic foreign exchange (FX) markets between June 2024 and September 2025, as per central bank data released on Tuesday. The central bank reports foreign exchange market interventions with a lag of three months. “Net FX intervention is defined as outright and swap purchases of foreign exchange minus outright and swap sales of foreign exchange by the SBP from/to banks in the interbank…