The Monetary Policy Committee meeting will be held next Wednesday, chaired by State Bank Governor Jamil Ahmed.

After a long time in Pakistan, the State Bank of Pakistan s policy rate is likely to be reduced by 100 basis points to 150 basis points. However, economists have said that the first Monetary Policy Committee of the current fiscal year 2025-26, which will be held on June 30, will take cautious decisions and may reduce the policy rate by 50 to 100 basis points from 11 percent to 10.5 percent.

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In order to enhance institutional transparency and build confidence among stakeholders regarding long-term fiscal planning, the State Bank has decided to issue an advance calendar of Monetary Policy Committee meetings.

The State Bank of Pakistan s Monetary Policy Committee will hold 8 meetings throughout the financial year. The schedule of meetings of the State Bank of Pakistan s Monetary Policy Committee for the financial year 2025-26 has been released, according to which the first meeting of the State Bank s Monetary Policy Committee of the current financial year will be held on Wednesday, July 30, 2025.

It should be noted that the interest rate had already been reduced from 22 percent to 11 percent in the last fiscal year.