Pakistan Interest Rate

The benchmark interest rate in Pakistan was last recorded at 10 percent. Interest Rate in Pakistan averaged 12.55 Percent from 1992 until 2014, reaching an all time high of 20 Percent in October of 1996 and a record low of 7.50 Percent in November of 2002. Interest Rate in Pakistan is reported by the State Bank of Pakistan.


Pakistan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 20.00 7.50 1992 - 2014 Percent Monthly
In Pakistan, interest rates decisions are taken by the State Bank of Pakistan. The official interest rate is the discount rate. This page provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Pakistan Leaves Monetary Policy Unchanged

At its May 17th meeting, the State Bank of Pakistan left its key discount rate steady at 10.0 percent for the third straight meeting amid higher inflows, single digit inflation and reduced borrowing by the state.

Excerpts from the statement by the State Bank of Pakistan:

Recent gains in confidence in the economy, backed by improvement in key indicators, need to be nurtured to ensure their sustainability. For instance, the average CPI inflation has remained in single digits during FY14 and policy vigilance is required for this trend to continue. Economic activity has improved and further reforms, especially in the energy sector, would help consolidate the momentum. Similarly, improvement in productivity and competitiveness is a must to continue to build foreign exchange reserves in the medium term while meeting external obligations.

The SBP expects average CPI inflation to remain around 8 percent during FY15, barring any exogenous shock. Indicators of current economic activity are looking better as well. Provisional estimates of real GDP show a growth of 4.1 percent for FY14.

These trends show that interest rate is only one factor in affecting economic activity. It is the improvement in sentiments, relatively better availability of energy, and reduction in government borrowing from the banking system that has encouraged the private sector. The continuation of these trends, however, would require a sustained effort to ease impediments to growth through implementation of necessary reforms. In particular, reforms in the energy sector can go a long way in increasing productivity, easing the fiscal burden, and reducing the import bill. 

State Bank of Pakistan | Isabel Felino |
5/19/2014 12:32:41 PM

Recent Releases

Pakistan Central Bank Leaves Benchmark Rate on Hold at 10%
In its March 15th, 2014 meeting, Pakistan's Central Bank left the discount rate unchanged at 10 percent. Although consumer prices slowed for the third straight month in February and foreign exchange reserves increased noticeably, the economy still faces many challenges and a pro-active policy effort is required to continue to maintain the momentum. Published on 2014-03-17

Pakistan Leaves Rate on Hold in January
In its January, 2014 meeting, the State Bank of Pakistan decided to leave the policy rate unchanged at 10 percent, as the Board considers inflation expectations are lower than previously anticipated. Published on 2014-01-17

Money Last Previous Highest Lowest Unit
Interest Rate 10.00 10.00 20.00 7.50 Percent [+]
Interbank Rate 9.98 9.97 17.42 1.21 Percent [+]
Money Supply M0 2224002.13 2721353.22 2728850.26 1413617.11 PKR Million [+]
Money Supply M1 7199185.00 7156143.00 7199185.00 3168848.00 PKR Million [+]
Money Supply M2 9195617.00 9174161.00 9208515.00 4431502.00 PKR Million [+]
Money Supply M3 11774222.82 11732575.47 11774222.82 5548454.00 PKR Million [+]

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