Pakistan Interest Rate 1992-2014 | Data | Chart | Calendar | Forecast

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 Daily
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. Content for - Pakistan Interest Rate - was last refreshed on Wednesday, October 22, 2014.

Pakistan Leaves Rate Steady at 10%

At its September 20th meeting, the State Bank of Pakistan left its key policy rate unchanged at 10 percent. While citing lower inflation and higher growth, policymakers showed concerns over political impasse, the delay in IMF’s fourth review and floods as potential risks to growth.

Excerpts from the statement by the State Bank of Pakistan:

The post July monetary policy decision period continued to witness stable macroeconomic conditions. This was most visible in the headline variable of inflation that declined to 7.0 percent YoY in August 2014, which is its lowest level since June 2013. Moreover, after recording an improved 4.1 percent growth rate in FY14, real economic activity is expected to continue in FY15. The other highlight of this stability is the gains on fiscal liberalization: shrinking budget deficits, contained government borrowings, and improved debt profile.

In addition to the risks identified above, ongoing political impasse, delay in the finalization of fourth IMF review, and the current heavy rains and floods, which have engulfed central and southern Punjab, threaten the nascent recovery in economic activity. The former two would weigh more on the private capital inflows. The latter can potentially disrupt the output and supply chain of the perishable food items, which challenges an otherwise benign inflationary outlook. While it is going to take some time before the full extent of damages arrive, initial opinions and past experiences suggest that the current floods would damage some khariff crops and may disrupt supply chain temporarily. Besides having implications for economic growth, floods can also create macroeconomic imbalances by putting pressures on fiscal and external sector. Moreover, supply of loanable funds in the credit to private sector market may also be adversely affected, at least initially. Reflecting these apprehensions indeed, there is deterioration in SBP-IBA’s Consumer Confidence Survey of September 2014 as well. 

Policy vigilance requires balancing the tradeoffs between ensuring the continuation of macroeconomic stability, especially in the external sector, and assuaging the fallout of potential damages due to floods. Therefore, the Board of Directors, State Bank of Pakistan, has decided to keep the policy rate unchanged at 10 percent.

State Bank of Pakistan | Joana Taborda |
9/22/2014 4:44:45 PM

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Pakistan Money Last Previous Highest Lowest Unit
Interest Rate 10.00 10.00 20.00 7.50 Percent [+]
Interbank Rate 9.97 9.98 17.42 1.21 Percent [+]
Money Supply M0 2842815.38 2713773.27 2842815.38 1413617.11 PKR Million [+]
Money Supply M1 7684158.00 7344413.00 7684158.00 3168848.00 PKR Million [+]
Money Supply M2 9778624.00 9369885.00 9778624.00 4431502.00 PKR Million [+]
Money Supply M3 12384204.80 11953223.36 12384204.80 5548454.00 PKR Million [+]