The State Bank of Pakistan (SBP) has met its forward book target of $4.2 billion agreed with the IMF by the end of September. The bank is also on track to meet other targets, including net international reserves and net domestic assets. The country is working towards economic recovery with the help of a $3 billion IMF loan program. The SBP's foreign exchange reserves have increased from $3.1 billion to $7.6 billion since January 2023, supported by non-debt creating inflows. Forward foreign exchange liabilities have also decreased.
