The SBP also reported a strong external account position.
KARACHI: The State Bank of Pakistan (SBP) has announced its latest monetary policy, increasing the key policy rate by 100 basis points to 11.50 percent.
According to the central bank, the decision to raise the interest rate comes in response to prevailing economic conditions, with the aim of maintaining price stability and managing inflationary pressures.
The SBP also reported a strong external account position, stating that the current account recorded a surplus of $1.07 billion in March 2026.
For the first nine months of the fiscal year, the current account remained in surplus at $174 million, reflecting improved balance of payments and stable inflows.
The central bank noted that continued vigilance would be maintained to ensure macroeconomic stability and sustainable economic growth.
