The State Bank of Pakistan (SBP) purchased nearly $7 billion from the domestic foreign exchange market in 12 months, according to data released by the central bank today.
The central bank’s data shows that the central bank remained a consistent buyer of dollars during the period. The regulator purchased US$ 1 billion worth of foreign currency (USD) from the interbank FX market in October 2025, similar to September 2025.
This brings the last 12 months (November 2024 to October 2025) intervention to US$ 6.9 billion.
According to Topline Securities, SBP will continue to take proactive measures to build and strengthen FX reserves.
A monthly breakdown shows that the SBP purchased $722 million in July 2024, $569 million in August and $946 million in September 2024.
A strong rebound was seen in May and June 2025, when reserves jumped by a combined $4.23 billion to reach $14.5 billion. After some moderation in July, August and September, SBP reserves stood at $14.2 billion at the end of September 2025.
Reserves rose to $10.74 billion in September 2024 after a sharp monthly increase of $1.3 billion and continued to climb to $12.03 billion by November 2024. However, reserves fell to $10.28 billion by April 2025.
Reserves rose by $1.023 billion in September 2025 and by $ 1.033 billion in October 2025.
As of January 16, 2026, SBP’s foreign exchange reserves have risen to over $16 billion.