Karachi November 1 2024: The State Bank of Pakistan (SBP) conducted net dollar purchases totaling USD 1,295 million in June and July 2024, according to data from the Central Bank’s Domestic Markets & Monetary Management Department.
The SBP’s net intervention in June 2024 was USD 573 million, followed by USD 722 million in July 2024.
These transactions, as defined by the central bank, include both outright and swap purchases of foreign exchange, minus any outright and swap sales of foreign exchange conducted by the SBP with banks in the interbank market.
Central bank reserves during this period increases by USD 111 million to USD 9.2 billion.
