Summary The decision was taken in a meeting chaired by SBP Governor Jameel Ahmed.
KARACHI (Dunya News) – The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday raised the policy rate by 100 basis points to 11.50 percent.
The decision was taken in a meeting chaired by SBP Governor Jameel Ahmed.
The Monetary Policy Committee decided to raise the policy rate by 100 basis points to 11.50% w.e.f 28-Apr-2026 in its meeting held on 27-Apr-2026.
— SBP (@StateBank_Pak) April 27, 2026
Meanwhile, IMF executive board is scheduled to meet on May 8 to consider approving more than $1.2 billion for Pakistan under two ongoing financial programmes.
The expected disbursement includes around $1 billion under the $7 billion Extended Fund Facility and approximately $210 million through the Resilience and Sustainability Facility, following successful programme reviews.
The development follows a staff-level agreement reached in March, under which Pakistan and the IMF agreed on measures aimed at strengthening public finances, maintaining macroeconomic stability and advancing structural reforms.
Officials said discussions between Islamabad and the Fund have also focused on fuel pricing adjustments, subsidy rationalisation and meeting petroleum levy targets outlined in the current fiscal framework.
The IMF has acknowledged progress in Pakistan’s economic recovery, citing contained inflation, improved external buffers and growing market confidence, while also warning that regional tensions and volatile energy prices could pose risks to the outlook.
According to IMF officials, approval by the executive board would raise Pakistan’s total disbursements under the two arrangements to about $4.5 billion.
