Listening...

Loading...
Voice search animation
Close voice search

Monetary Policy

Mpc Announced
Policy Decision
On July 27, 2026

Read more

Launch of

InvestPak

Read More

Research Agenda

Research Agenda 2026-2029

Read More

REGULATORY SANDBOX

TESTING NEW TECHNOLOGIES, PROMOTING INNOVATION, FOSTERING ECONOMIC GROWTH

Read more

Call for Papers

National Conference on Pakistan Economy

Read More

What's New

Stay current with all SBP updates — from regulations to economic insights

Economic Data

A snapshot of Pakistan’s key financial and economic indicators

SBP Policy Rate & Interest Rate Corridor Facilities

SBP Policy Rate

11.50%

p.a.

SBP Overnight Reverse (Repo) Ceiling Rate

12.50%

p.a.

SBP Overnight Reverse (Floor) Rate

10.50%

p.a.

Liquid Foreign Exchange Reserves (USD million)

As on 24- July - 2026

SBP’s Reserves

17,029.9

Bank’s Reserves

5,412.2

Total Reserves

22,442.1

Money Market Interest Rates

Weighted - average overnight repo rate

As on 04-Aug-26

11.60%

p.a.

KIBOR As on 05- Aug - 26
Tenor BID Offer
3-M 11.45 11.7
6-M 11.5 11.75
12-M 11.56 12.06

Upcoming Auction

PIB Auction (Fixed Rate)

18-Sep-26

MTB

13-May-26

Floating Rate PIB (Semi-Annual Coupon)

23-Jun-26

Floating Rate PIB (Quarterly Coupon)

04-Feb-25

USD/ PKR Rates

As on 05-Aug - 2026

M2M Revaluation Rate

277.7518

Weighted Average Rate

BID

277.4767

Offer

277.9018

Cut-off Rates in the Latest Auctions

MTBs

Tenor Cut-off Yield
1-M 11.3504%
3-M 11.5154%
6-M 11.7951%
12-M 11.9938%

Fixed - Rate PIB

Tenor Cut-off Yield
2-Y Bids Rejected
3-Y 11.7450%
5-Y 11.8000%
10-Y 12.3000%
15-Y 12.4850%
(as on Apr August 04, 2026)

Floating - Rate PIBs (Quarterly Coupon)

Tenor Cut-off Yield
2-Y Bids Rejected
3-Y Bids Rejected

Floating - Rate PIBs (Half-Yearly Coupon)

Tenor Cut-off Yield
10-Y Bids Rejected
*(as on April 29, 2026)

GIS FRR

Tenor Cut-off Rental Rate/ Price
3-Y 100.2842
5-Y 100.0022

GIS VRR

Tenor Cut-off Rental Rate/ Price
3-Y 99.0800
5-Y 98.7600
Explore All

Core Functions

Explore our roles and responsibilities

Monetary Policy

Financial Stability

Financial Inclusion

Islamic Banking

Digital Financial Services

Our subsidiaries

Supporting SBP’s vision and functions

SBP-BSC

Operational arm to implement SBP's policies, agency for prize bonds, national saving schemes

NIBAF Pakistan

Training institute to support the country's financial sector

DPC

Providing deposit protection for bank customers

PSPC

Providing printing services to SBP for Currency Notes and prize bonds.

RAAST Payments Pakistan

Enables free and seamless digital payments.

DIGITAL SERVICES

Digital financial solutions that work for all Pakistanis

Sunwai

A customer complaint portal to streamline and resolve issues directly

EasyData

A portal for seamless data access

InvestPak

A digital platform to invest in government securities

Roshan Digital Account

Roshan Digital Account is a major initiative of State Bank of Pakistan, in collaboration with commercial banks operating in Pakistan...

Media Center

Browse trending topics – from speeches to podcasts

Explore All