SBP Buys Over $6 Billion Dollars From Interbank Market

The State Bank of Pakistan (SBP) has purchased more than $6 billion from the domestic foreign exchange market over the past 12 months, which reflects its active role in stabilizing the currency and building foreign reserves.

According to data released by the central bank and analyzed by Topline Securities, the SBP remained a consistent buyer of US dollars in the interbank foreign exchange market from December 2024 to November 2025. The total intervention during this period amounted to $6.4 billion.SBP Maintains Policy Rate

Monthly figures highlight significant purchases, including $722 million in July 2024, $569 million in August, and $946 million in September 2024. The central bank’s dollar buying intensified in October and November 2024, with combined purchases of $2.17 billion, contributing to a notable increase in foreign exchange reserves.

After a relatively slow phase, the SBP’s reserves saw another strong buildup of $2.67 billion between September and November 2025. As of February 13, 2026, the State Bank’s foreign exchange reserves have risen to over $16.1 billion.

This sustained dollar purchasing by the SBP is part of its broader strategy to support the Pakistani rupee and maintain adequate reserve levels amid fluctuating global economic conditions.