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KARACHI, Jul 29 (APP):The State Bank of Pakistan (SBP) is all set to announce the first Monetary Policy of the current fiscal year 2025-26 on Wednesday, July 30, 2025.
The central bank has announced that the meeting of the Monetary Policy Committee (MPC) of SBP will be held on July 30, 2025 to decide about the Monetary Policy and later SBP Governor, Jameel Ahmad, will announce the Monetary Policy decision at a press conference.
The MPC will review the overall financial and fiscal situation, major economic indicators, data of different sectors and major developments taken place since the announcement of the previous monetary policy.
The monetary policy committee, in its previous meeting on 16 June 2025, had taken a cautious stance and kept the policy rate unchanged at 11 percent in view of inflation expectations, potential external sector risks and multiple risks emanating from regional geopolitical conflicts.
On the other hand, the business and Industrial community of Karachi, emphasizing the significance of lower policy rate in boosting economic activities in the country, reiterated their demand to slash the policy rate down into single digit viz-a-viz inflation.
Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Karachi Chamber of Commerce and Industry (KCCI), North Karachi Association of Trade and Industry (NKATI) and several other chambers and associations of the business community, in separate statements, demanded significant reduction in the policy rate to foster industrialization, boost exports, promote competitiveness and uplift the national economy.