Islamabad, 27 May 2025: SBP, the State Bank of Pakistan, reportedly acquired foreign currency worth $223 million from the interbank market in February 2025, as part of its ongoing intervention to manage exchange rate volatility.
This brings SBP’s total dollar purchases to $5.9 billion over the past nine months, beginning from June 2024.
READ MORE: Macroeconomic Stability Restored, Says SBP Governor
According to market analysts, this strategic buying by SBP played a key role in maintaining relative stability in the rupee-dollar rate, offering exporters more confidence to convert their earnings.
However, experts noted that the country’s significant external debt payments are expected to consume a major share of incoming foreign funds.
READ MORE: SBP Updates Capital Rule for Microfinance Banks
Pakistan is forecasted to receive approximately $38 billion in remittances during the current financial year, which could help the central bank maintain a firmer hold over the interbank currency flow.
In addition to incoming remittances and funds recently approved by the International Monetary Fund, the bank is also anticipating further backing from the World Bank and the rollover of $14 billion in external loans.
