SBP Moderates Foreign Exchange Purchases in FY26 as Market Conditions Stabilize
The State Bank of Pakistan has slowed its foreign exchange purchases in FY26, accumulating USD 446 million so far—well below last year’s levels—as market conditions shift and intervention needs moderate.
SBP’s April Foreign Exchange Intervention Totals $473 Million, Bringing FY25 Cumulative to $6.66 Billion
The State Bank of Pakistan made a net FX purchase of $473 million in April 2025, bringing FY25’s total interventions to $6.66 billion. Since data publication began in June 2024, SBP’s cumulative FX operations now stand at $7.23 billion, reflecting its ongoing role in stabilizing the currency market.