SBP aims for $23bn reserves by December after year of buying
The central bank also lifted its remittance outlook to $45 billion and said reserves of about $21.5 billion on 16 October cover three months of imports.
The State Bank of Pakistan purchased $8.78 billion in the interbank foreign exchange market between August 2025 and July 2026.
July purchases rose to $863 million from $841 million in June.
Reserves were about $21.5 billion on 16 October, covering roughly three months of imports.
Targets are $23 billion by December 2026 and $25 billion by June 2027.
The remittance forecast for the current fiscal year was raised to $45 billion from $44 billion.