The State Bank of Pakistan (SBP) kept its policy rate unchanged at 11.5% on Monday, with seven of the 10 members of the Monetary Policy Committee (MPC) voting for the status quo, as intensifying geopolitical tensions pushed up global commodity prices and raised risks to the inflation outlook. Ironically, SBP also claimed that the economy's pace was right and domestic macroeconomic indicators re
The government on Monday approved Rs75 billion in petrol relief package for three months for motorcyclists and small car owners, which was equal to 16% of the projected monthly levy collection, a move that would provide only a temporary respite. The Economic Coordination Committee (ECC), which formally sanctioned the fuel package, also approved sale of 29.5% shares of Pakistan National Shipping
With arrival of Eurobond inflows, the State Bank of Pakistan’s (SBP) foreign exchange reserves have surged to all-time high level of USD 21.4 billion mark. In the first week of September, Pakistan has raised some USD 3 billion through a landmark dual-tranche Eurobond issuance, marking its largest-ever global bond transaction in a single offering. The government split USD 3 billion Eurobond i
The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC), in its second meeting in the fiscal year 2026-27, decided to keep the policy rate unchanged at 11.5%. The MPC met for the sixth time this calendar year. The decision was in line with market expectations. The SBP has held the rate steady since raising it by 100 basis points in April, its first increase in nearly three years, af
Oil prices rose on Tuesday as concerns over supply disruptions persisted after attacks on Saudi Arabian energy infrastructure left the kingdom’s East-West pipeline offline and cast doubt on efforts to ease shipping risks in the Gulf. Brent crude futures rose $1.24, or 1.18%, to $106.93 a barrel at 0026 GMT, after climbing 1% previously, while US West Texas Intermediate futures were up $1.29,