Bandwidth aware request throttling

A method for managing bandwidth of a bus connecting a peripheral device to a host system includes sending, over the bus, a first read request to the host system, incrementing a pending read counter by an amount corresponding to the requested data, receiving, in response to sending the first read request, at least a portion of the requested data from the host system, decrementing the pending read counter by an amount corresponding to the at least the portion of the requested data, and comparing the counter and a threshold to obtain a result. Based on the result, a scheme is selected for managing the bandwidth of the bus. The scheme specifies a ratio of read requests and write requests to be sent on the bus. The method further includes sending, based on the scheme, a second request that is a write request or a second read request.