SBP Keeps Buying Billions of Dollars

For context, the State Bank of Pakistan (SBP) purchased $863 million worth of foreign currency from the interbank foreign exchange market in July 2026, bringing its intervention over the last 12 months, from August 2025 to July 2026, to $8.78 billion.

Key points

• The figures were shared in Topline Research's economy alert dated October 27, 2026.
• Reserve accumulation additionally strengthens Pakistan's ability to meet external payment obligations and absorb economic shocks.
• The central bank is projected to continue taking proactive measures to build and strengthen its foreign exchange reserves.
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• SBP's foreign exchange purchases are part of its broader effort to rebuild reserve buffers while allowing the rupee to remain market-determined.

For context, the central bank is projected to continue taking proactive measures to build and strengthen its foreign exchange reserves.

Meanwhile, the figures were shared in Topline Research's economy alert dated October 27, 2026. Pakistan Pays $16 Billion Interest on Loans.

In practice, the central bank notes its interventions are intended to prevent disorderly market conditions and build reserves without suppressing underlying exchange-rate trends.

Reserve accumulation additionally strengthens Pakistan's ability to meet external payment obligations and absorb economic shocks. Pakistan's foreign exchange reserves have strengthened considerably in recent months.

While the country's total liquid foreign exchange reserves, including commercial banks' holdings, stood at $26.86 billion, as of October 9, 2026, the SBP held $21.47 billion in reserves. Stay Connected with ProPakistani.

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For now, SBP Keeps Buying Billions of Dollars remains the part of the story worth watching, and further updates are likely as more details are confirmed.