The State Bank of Pakistan (SBP) purchased $189 million from the interbank foreign exchange market in July 2025, according to a report by Topline Securities.
This latest intervention brings the central bank’s total foreign currency purchases for the last twelve months (Aug 2024 to July 2025) to $7.15 billion.
Analysts note that consistent buying activity, along with ongoing external debt repayments, has played a key role in the substantial increase in Pakistan’s foreign exchange reserves.
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It is pertinent to mention here that the central bank purchased $502 million from the interbank foreign exchange market in June 2025.
