Monetry Policy

Mpc Announced
Policy Decision
On July, 2025

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REGULATORY SANDBOX

TESTING NEW TECHNOLOGIES, PROMOTING INNOVATION, FOSTERING ECONOMIC GROWTH

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Governor SBP speaks at
ReutersNEXT Asia Conference

Highlights efficacy of policies in containing inflation

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What's New

Stay current with all SBP updates — from regulations to economic insights

SBP invites applications for First Cohort of Regulatory Sandbox to foster Innovation

(25-08-2025)

SBP invites applications for First Cohort of Regulatory Sandbox to foster Innovation

UN Women and SBP BSC partner to Advance Financial Inclusion and Women Empowerment in Pakistan

(27-08-2025)

UN Women and SBP BSC partner to Advance Financial Inclusion and Women Empowerment in Pakistan

SBP makes Public its Annual Financial Statements for Financial

Year 2024-25 (28-08-2025)

SBP makes Public its Annual Financial Statements for Financial

State Bank of Pakistan Designates Domestic Systemically Important Banks (D-SIBs)

for the year 2025 (29-08-2025)

State Bank of Pakistan Designates Domestic Systemically Important Banks (D-SIBs)

State Bank of Pakistan Cancels Authorization/License of an Exchange Company

(29-08-2025)

State Bank of Pakistan Cancels Authorization/License of an Exchange Company

Press Release of Workers’ Remittances in August, 2025

August, 2025

Press Release of Workers' Remittances

Call for Public Consultation On Draft Business Conduct And Fair Treatment Of Consumers Regulatory Framework

BC&FRF (09-09-2025)

Call for Public Consultation On Draft Business Conduct And Fair Treatment Of Consumers Regulatory Framework

Banking sector performed steadily and maintained adequate buffers during H1CY25

says SBP's Mid-Year Performance Review of the Banking Sector (10-09-2025)

Banking sector performed steadily and maintained adequate buffers during H1CY25

Monetary Policy Statement

(15-09-2025)

Monetary Policy Statement

SBP to Celebrate Pakistan Women Entrepreneurship

Day on November 19, 2025 (18-09-2025)

SBP to Celebrate Pakistan Women Entrepreneurship

Deposit Distributed by Category of Deposit Holders

August 2025

Deposit Distributed by Category of Deposit Holders

Central Bank Survey

August 2025

Central Bank Survey

Worker Remittances (Seasonally Adjusted)

August 2025

Worker Remittances (Seasonally Adjusted)

Country-wise Worker’s Remittances

August 2025

Country-wise Worker’s Remittances

Official Reserve Assets

August 2025

Official Reserve Assets

Inflation Monitor

August 2025

Inflation Monitor

Banks Floating Average Exchange Rates

August 2025

Banks Floating Average Exchange Rates

Government Domestic Debt and Liabilities

July 2025

Government Domestic Debt and Liabilities

Central Government Debt

July 2025

Central Government Debt

Savings Mobilized by National Savings Schemes

July 2025

Savings Mobilized by National Savings Schemes

Annual Report 2019-2020

2019-2020 (State of the Economy)

Annual Report

Statistical Supplement 2019-2020

2019-2020

Statistical Supplement

Annual Report 2020-2021

2020-2021 (State of the Economy)

Annual Report

Statistical Supplement 2020-2021

2020-2021

Statistical Supplement

Annual Report 2021-2022

2021-2022 (State of the Economy)

Annual Report

Statistical Supplement 2021-2022

2021-2022

Statistical Supplement

Annual Report 2022-2023

2022-2023 (State of the Economy)

Annual Report

Statistical Supplement 2022-2023

2022-2023

Statistical Supplement

Annual Report

2023-2024 (State of the Economy)

Annual Report

Statistical Supplement

2023-2024

Statistical Supplement

BSD - 1 Circular No. 02

BSD - 1 Circular No. 02

January 24 2025

Revision in Data File Structure (DFS) under Reporting Chart of Accounts (RCOA) through DAP4

BSD - 1 Circular No. 01

BSD - 1 Circular No. 01

January 24 2025

Revisions in Data File Structures (DFS) under Reporting Chart of Accounts (RCOA) through DAP4

ACFID Circular No. 01 of 2025

ACFID Circular No. 01 of 2025

May 16 2025

Revised Prudential Regulations (PRs) for Microfinance Banks

ACFID Circular No. 02 of 2025

ACFID Circular No. 02 of 2025

August 20 2025

Risk Coverage Scheme for Small Farmers and Underserved Areas

ACFID Circular No. 03 of 2025

ACFID Circular No. 03 of 2025

September 15 2025

Climate Risk Fund - I under the World Bank funded RAM Project

Media Center

All key updates and insights — straight from the SBP Media Center

DIGITAL SERVICES

Digital financial solutions that work for all Pakistanis

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Sunwai

A customer complaint portal to streamline and resolve issues directly

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EasyData

A portal for seamless data access

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InvestPak

A digital platform to invest in government securities

Core Function

Explore our roles and responsibilities

Monetary Policy

Monetary Policy

Financial Stability

Financial Stability

Financial Inclusion

Financial Inclusion

Shariah Compliant Banking

Shariah Compliant Banking

Digital Financial Services

Digital Financial Services

Economic Data

A snapshot of Pakistan’s key economic indicators and exchange rate movements

SBP Policy Rate & Interest Rate Corridor
Facilities

SBP Policy Rate

11.00% p.a.

SBP Overnight Reverse (Repo) Ceiling Rate

10.00% p.a.

SBP Overnight Reverse (Floor) Rate

10.00% p.a.

Money Market Interest Rates

Weighted - average overnight repo rate

11.04% p.a.

Upcoming Auction

PIB Auction (Fixed Rate)

16-Jul-25

Floating Rate PIB (Semi-Annual Coupon)

16-Jul-25

KIBOR As on 10 - July - 25

Tenor BID Offer
3-M 10.80 11.05
3-M 10.80 11.05
3-M 10.80 11.05

Weighted Average Rate

BID

284.2296

Offer

284.6611

Our subsidiaries

Supporting SBP’s vision and functions

SBP-BSC

SBP-BSC

Operational arm to implement SBP's policies, agency for prize bonds, national saving schemes

Nibaf pakistan

Nibaf pakistan

Training institute to support the country's financial sector

DPC

DPC

Institutions supporting SBP’s vision and functions.

PSPC

PSPC

Providing printing services to SBP for Currency Notes and prize bonds.

RAAST Payments Pakistan

RAAST Payments Pakistan

Enables free and seamless digital payments.