State Bank of Pakistan’s FX Intervention Reaches $522 Million in May 2025
The State Bank of Pakistan recorded net foreign exchange purchases worth $522 million in May 2025, marking an increase from April’s $473 million. Since June 2024, the central bank’s cumulative interventions have reached $7.75 billion, reflecting ongoing efforts to stabilize the interbank market.
Bank Deposit Rate Declines by 41bps in July as Lending Costs Rise
Pakistan’s bank deposit rate fell by 41bps in July 2025 to 2.98 percent, while lending rates rose to 11.99 percent, widening the banking sector spread to 901bps. The decline leaves real deposit returns in negative territory, highlighting challenges for savers even as banks benefit from stronger profitability margins.
SBP Raises Rs636 Billion Through Treasury Bills and Floating PIBs in Latest Debt Auctions
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Why the State Bank Must Resist Pressure to Tinker with Currency and Rates
The State Bank of Pakistan faces pressure to cut rates and appreciate the rupee, but experts warn these conflicting goals could trigger another economic crisis. Analysts say the SBP must maintain independence, keep real rates high, and avoid policy missteps that risk undermining stability.
Pakistani Banks Gain Momentum as Fitch Sees Brighter Economic Outlook
Fitch Ratings has upgraded Pakistan’s credit profile, signaling better economic prospects for the country’s banking sector. With inflation easing, interest rates reduced, and stronger capital buffers, Pakistani banks are expected to expand private-sector lending and strengthen profitability in the coming years.
SBP Secures Rs639 Billion via Pakistan Investment Bonds Auction Amid Surging Demand
The State Bank of Pakistan raised Rs638.93 billion in its latest PIB auction, doubling its initial Rs300 billion target as investor interest surged across all maturities, signaling strong demand for government securities.
State Bank of Pakistan Raises Special Cash Reserve Account Rate to 3.35% for August 2025
The State Bank of Pakistan (SBP) has revised the Special Cash Reserve Account (US$) rate upward to 3.35% for August 2025, reflecting its ongoing adjustments to monetary instruments under FE Circular 25 of 1998.
Pakistan’s Eurobonds Trade Above Par for First Time in Years, Signaling Investor Optimism
For the first time in years, three of Pakistan’s Eurobonds are trading at a premium in global markets, reflecting renewed investor confidence driven by credit rating upgrades, timely debt repayments, and rising foreign exchange reserves.
SBP’s April Foreign Exchange Intervention Totals $473 Million, Bringing FY25 Cumulative to $6.66 Billion
The State Bank of Pakistan made a net FX purchase of $473 million in April 2025, bringing FY25’s total interventions to $6.66 billion. Since data publication began in June 2024, SBP’s cumulative FX operations now stand at $7.23 billion, reflecting its ongoing role in stabilizing the currency market.
State Bank of Pakistan Secures Rs342 Billion in PIB Auction with Strong Demand for 5-Year Bonds
The State Bank of Pakistan has raised Rs342.32 billion in its latest Fixed Rate PIB auction, with the 5-year bond seeing the highest demand. The 15-year bond was fully rejected due to high yield expectations.