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| Advance Calender of Monetary Policy Committee Meetings for FY26 |
To make the process of monetary policy formulation more predictable and transparent, the State Bank of Pakistan has decided to issue the yearly schedule of Monetary Policy Committee meetings for FY26. In this regard, the dates for the next 12 months are, as follows:
| Day |
Date |
| Wednesday |
30-July-25 |
| Monday |
15-Sep-25 |
| Monday |
27-Oct-25 |
| Monday |
15-Dec-25 |
| Monday |
26-Jan-26 |
| Monday |
09-Mar-26 |
| Monday |
27-Apr-26 |
| Monday |
15-Jun-26 |
| Note: July-25 and January-26 MPC meetings to be followed by press conference. |
For details, Press Release
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 |
| |
| SBP Policy Rate |
| 11.00% p.a. |
| |
SBP Overnight
Reverse
Repo (Ceiling) Rate |
| 12.00% p.a |
| |
SBP Overnight
Repo (Floor) Rate |
| 10.00%
p.a. |
|
-
 |
| |
| Weighted-average Overnight Repo Rate |
As on 22-Jul-25
11.62% p.a. |
KIBOR
As on 23-Jul-25 |
| Tenor |
BID |
OFFER |
| 3-M |
10.8 |
11.05 |
| 6-M |
10.74 |
10.99 |
| 12-M |
10.66 |
11.16 |
|
| |
|
-
 |
MTBs |
| Tenor |
Cut-off Yield |
| 1-M |
11.2403% |
| 3-M |
10.9977% |
| 6-M |
10.8976% |
| 12-M |
10.8000% |
| (as
on July 09, 2025) |
|
| Fixed-rate PIB |
| Tenor |
Cut-off Rates |
| 2-Y |
10.8480% |
| 3-Y |
11.0500% |
| 5-Y |
11.3900% |
| 10-Y |
12.2000% |
| 15-Y |
Bids Rejected |
| (as
on Jul 16, 2025) |
|
Floating-Rate PIBs (Quarterly Coupon) |
| Tenor |
Cut-off Price |
| 2-Y |
Bids Rejected |
| 3-Y |
Bids Rejected |
|
|
Floating-Rate PIBs
(Half-yearly Coupon) |
| Tenor |
Cut-off Price |
| 10-Y |
94.5739 |
| (as
on Jul 09, 2025) |
|
| GIS FRR |
| Tenor |
Cut-off Rental Rate/Price |
| 3-Y |
100.2842 |
| 5-Y |
100.0022 |
|
| GIS VRR |
| Tenor |
Cut-off Margin/Price |
| 3-Y |
99.0800 |
| 5-Y |
98.7600 |
| (as
on 21-Dec-2023) |
|
|
-
 |
PIB
Auction
(Fixed Rate)
01-Aug-25 |
MTB
23-Jul-25
|
Floating Rate PIB
(Semi-Annual Coupon)
23-Jul-25 |
Floating-rate
PIB
(Quarterly Coupon)
04-Feb-25 |
|
 |
 |
| As
on 11-July-25 |
SBP’s
Reserves |
14,525.6 |
Bank’s
Reserves |
5,431.5 |
Total Reserves |
19,957.1 |
7 |
|
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 |
| |
|
As on 23-Jul-25 |
| |
M2M
Revaluation Rate |
| 284.7578 |
Weighted
Average Rate |
| Bid: |
284.5382 |
| Offer: |
285.97 |
|
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