The Mirage of Moderation: Pakistan’s Inflation Story
Pakistan’s official inflation data shows a sharp slowdown, but for households struggling with food, fuel, and utility costs, the relief feels like an illusion. Disinflation hides a deeper crisis in measurement, policy, and lived experience.
Pakistan’s Foreign Reserves Triple Without New Debt as SBP Charts Stability Path
Pakistan’s foreign exchange reserves have tripled to $14.5 billion without new debt, inflation has dropped to record lows, and the current account shows a surplus after 14 years, according to SBP Governor Jameel Ahmad, who also announced new digital finance initiatives to strengthen long-term stability.
Bank Deposit Rates Slide to 3.35% in June Amid Persistent Negative Real Returns
Pakistan’s average bank deposit rate declined by 14 basis points to 3.35% in June 2025, with real returns staying negative amid stubborn inflation. The latest SBP data reflects tightening spreads and ongoing pressure on savers despite a growing deposit base.
NIBAF Delivers In-Depth Training on Monetary Policy Implementation to SBOTS-27 Officers
NIBAF organized a dedicated training session on monetary policy implementation for officers of the SBOTS-27 batch, focusing on policy transmission, central bank tools, and SBP’s role in financial system stability.
State Bank’s Foreign Reserves Surge to $14.5 Billion, Boosting Pakistan’s External Position
Pakistan’s foreign exchange reserves under the State Bank surged by $1.77 billion in a week to $14.5 billion, pushing total reserves past $20 billion, driven by official inflows that strengthen the country’s external financial position.
KSE-100 Ranks Among World’s Top Three Performing Indices in FY25, Surpassing US, India, and Germany
The Pakistan Stock Exchange delivered a 55.5% return in USD terms for FY25, placing the KSE-100 Index as the third-best performing market globally, ahead of indices in the US, India, and Germany, according to a report by Arif Habib Limited.
SBP Secures Rs916 Billion Through Heavily Subscribed 22-Day T-Bills Auction
The State Bank of Pakistan raised Rs915.6 billion through a 22-day treasury bills auction, signaling strong investor interest in short-term instruments and confidence in interest rate stability amid cautious monetary sentiment.