Karachi: The State Bank of Pakistan (SBP) has announced its latest monetary policy, deciding to keep the policy interest rate unchanged at 11.50% for the next two months.
Announcing the decision, SBP Governor Jameel Ahmad said the Monetary Policy Committee (MPC) reviewed the country's economic indicators and inflation outlook before deciding to maintain the current policy rate.
He noted that inflation has remained on a downward trend over the past few years, with average inflation recorded at 5.5% between July and February. He added that Pakistan's current account deficit stood at $139 million in FY2026, while it is projected to remain between 0% and 1% of GDP in FY2027.
The governor said workers' remittances are expected to reach $20.20 billion by December 2026, despite ongoing global economic challenges. He added that exports and overseas Pakistanis' remittances continue to be the country's key sources of foreign exchange, and government efforts are expected to further improve exports during FY2027.
Jameel Ahmad also stated that Roshan Digital Accounts have attracted $300 million over the past four months. While imports are expected to increase during the current fiscal year, he said financial inflows are also projected to remain strong, helping Pakistan increase its foreign exchange reserves despite meeting all external payment obligations.
He further noted that Pakistan is expected to make $21.5 billion in external debt repayments during FY2027, expressing confidence that improving economic indicators and prudent fiscal management will help meet these obligations.
