State Bank Of Pakistan'S $11.4 Billion Fx Purchases Strategy

As of February 24, 2026, the State Bank of Pakistan (SBP) has reported significant foreign exchange purchases, totaling $11.38 billion from domestic markets over the past 18 months, with a notable $6.4 billion acquired in just the last 12 months. This data indicates a consistent strategy by the SBP to stabilize the Pakistani rupee amid economic fluctuations. According to the Business Recorder, the SBP's interventions included purchases of $1.03 billion in October 2025 and $1.15 billion in November 2025, contributing to a rise in foreign exchange reserves to $16.2 billion as of February 13, 2026. The SBP's approach has been crucial in managing the country's repayments and maintaining economic stability, as highlighted by analysts from Arif Habib Limited (AHL). They noted, "These interventions have played a key role in building the country’s FX reserves during the period and helped with the country’s repayments."