The State Bank of Pakistan (SBP) purchased over $6 billion from the domestic foreign exchange market in 12 months, according to data released by the central bank.
According to Topline Securities, the central bank remained a consistent buyer of dollars during the period. The regulator purchased US$ 0.6 billion worth of foreign currency (USD) from the interbank FX market in November 2025, versus $1 billion in October 2025.
This brings the last 12 months (December 2024 to November 2025) intervention to US$ 6.4 billion.
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 buildup was seen in October and November 2024, when reserves jumped by a combined $2.17 billion to reach $. After a slow period, SBP reserves gained $2.67 billion in September-November 2025.
As of February 13, 2026, SBP’s foreign exchange reserves have risen to over $16.1 billion.
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