The State Bank of Pakistan (SBP) on Monday decided to maintain the benchmark interest rate at 11%.

The decision was made during the second meeting of the Monetary Policy Committee (MPC) held under the chairmanship of SBP Governor Jameel Ahmad, where both domestic and global economic conditions came under discussion.

The meeting emphasised that keeping the policy rate unchanged would help maintain balance within the economy, while additional fiscal measures would be required to boost investment and business activity.

SBP Governor Jameel Ahmad said the central bank had conducted a thorough assessment of international economic trends and Pakistan’s internal financial situation, concluding that maintaining the current rate was essential for ensuring economic strength and stability.

The meeting also discussed the impact of the monetary policy and the need to change the policy rate.

The SBP stated that the decision to retain the policy rate aligns with the country’s broader financial strategy aimed at controlling inflation and creating a stable environment for sustainable economic growth.