The State Bank of Pakistan (SBP) Governor, Jameel Ahmad, said Pakistan’s economy is more stable with growth projected at 3.25% to 4.25% in FY2026. He spoke at the Pakistan Textile Council’s annual meeting in Karachi. The governor highlighted the country’s economic progress and stressed continued efforts to maintain stability. Jameel Ahmad shared that foreign exchange […]
State Bank of Pakistan (SBP)
SBP buys $7.76 billion to strengthen Pakistan’s reserves
The State Bank of Pakistan (SBP) has purchased $7.76 billion from the foreign exchange market since June 2024 to boost the country’s foreign reserves and stabilize the exchange rate. In May 2025, SBP acquired $522 million from the interbank market, bringing total interventions over the past 12 months, from June 2024 to May 2025, to […]
Pakistan chooses Japanese firm for digital currency
The State Bank of Pakistan (SBP) has reportedly selected a Japanese company to develop the country’s central bank digital currency (CBDC), following the government’s approval of the Virtual Assets Act 2025 last month. The blockchain technology developer, Soramitsu, will work with SBP on a pilot program to introduce CBDC in Pakistan. The announcement came after […]
August 14: SBP closed for Pakistan’s independence day
The State Bank of Pakistan (SBP) will remain closed on Thursday, August 14, 2025. The closure is due to the national Independence Day holiday. The announcement was made in an official statement released on Monday. According to the SBP, the holiday has been declared by the Government of Pakistan. All operations, including banking services and […]
SBP keeps interest rate unchanged at 11 percent
The State Bank of Pakistan (SBP) has announced that the Monetary Policy Committee (MPC) has decided to maintain the policy interest rate at 11 percent for the next two months. The announcement came during a press conference held by the SBP Governor after the latest MPC meeting. Explaining the decision, the SBP Governor said that […]
SBP to announce first monetary policy of FY 2025-26 today
KARACHI, July 30, 2025 — The State Bank of Pakistan (SBP) is scheduled to announce its first monetary policy for the fiscal year 2025-26 later today. The Monetary Policy Committee (MPC), chaired by the SBP Governor, will meet to assess current economic conditions, inflation trends, and financial market developments before making a decision on the […]
SBP injects $7.2 billion to support reserves
The State Bank of Pakistan (SBP) conducted foreign exchange interventions worth $7.2 billion between June 2024 and April 2025 to stabilize the economy. These efforts helped increase Pakistan’s foreign exchange reserves by $885 million, while the remaining amount was mostly used for debt repayments, according to Arif Habib Limited (AHL). SBP’s monthly interventions varied, with […]
SBP expected to cut interest rate by 50bps tomorrow
KARACHI – The State Bank of Pakistan (SBP) is widely expected to cut its key interest rate by 50 basis points on Wednesday, according to a Reuters poll. All 14 economists surveyed agreed a rate cut was likely, with the majority predicting a 50 bps cut, bringing the rate down to 10.5%. This expected move […]
Industry leaders push SBP to cut rate to 5-6%
Industry leaders and business groups in Pakistan have urged the State Bank of Pakistan (SBP) to reduce the policy interest rate to between 5 and 6 percent. They made the demand ahead of the upcoming Monetary Policy Committee (MPC) meeting to align Pakistan’s borrowing costs with regional economies and ease rising business expenses. Karachi Chamber […]
Pakistan may cut interest rate to 10% soon
The State Bank of Pakistan (SBP) is expected to reduce the interest rate to between 10% and 10.5% starting July 31, after a long period of high rates. This major move will come during the upcoming meeting of the Monetary Policy Committee (MPC), which will be chaired by SBP Governor Jameel Ahmed. The cut may […]