Pakistan Pakistan Economy Updates

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Pakistan Tests Satellite Irrigation System on 13 Million Kanal Farm Land

Pakistan could improve the equity and efficiency of irrigation water distribution by using satellite data and mathematical optimization to align

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The project aims to modernize operational rules governing irrigation water distribution by combining satellite-based estimates of Relative Water Deficit (RWD) with mathematical optimization.

The module recommends allocations based on crop water requirements while accounting for existing rotation priorities and operational constraints.

 

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Major Italian Brand’s Bikes to Be Assembled Locally in Pakistan

Pakistan’s premium motorcycle market could see a major shift as Buraq Automobile plans to establish a local assembly plant for high-displacement Italian

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Bad news

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SBP’s dollar-buying hunger

The hallmark of SBP’s performance over the last four years has been its management of external accounts. SBP’s gross...

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Thus, the overall net increase of over USD9 billion is solely due to purchases from the interbank market. And that number must have grown further so far this fiscal year.


The latest data show that in Jul-26, SBP bought USD863 million from the interbank market despite running a current account deficit of USD445 million. In the previous month (Jun-26), SBP bought $841 million despite a current account deficit of USD836 million. According to official data, from Jun-24 to Jul-26, SBP bought USD17.2 billion from the interbank market.

As per the SBP Governor’s remarks at the post-monetary policy press conference, the central bank has bought USD30 billion from the interbank market over the last four years.

Around USD12 billion was used for interest payments, while the rest has been used to build reserves. That is comforting news and has helped Pakistan move from the verge of default to a position where it is navigating the current oil crisis well. This, along with positive real interest rates and an improved fiscal position, has helped tame inflation.