Morning News: SBP buys $5.7bn from interbank market to boost forex reserves - By WE Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Between June 2024 and January 2025, the State Bank of Pakistan (SBP) purchased $5.677 billion from the interbank market to boost foreign exchange reserves and meet external debt obligations. In January alone, it bought $154 million, a decline from December&rsquo;s $536 million. Pakistan posted a current account surplus of $1.2 billion in March and a cumulative surplus of $1.9 billion for the first nine months of FY2025, reversing a $1.7 billion deficit from the previous year. Of the $26 billion in external debt repayments due for FY2025, $16 billion is expected to be refinanced, and $8 billion of the $10 billion net payable has already been repaid. SBP Governor Jameel Ahmad highlighted these measures during meetings with global financial institut...