








|
Advance Calender of Monetary Policy Committee Meetings |
To make the process of monetary policy formulation predictable and transparent, the State Bank of Pakistan (SBP) announces a half-yearly schedule of Monetary Policy Committee (MPC) meetings on a rolling basis. In this regard, the dates for the next four meetings are as follows:
Day |
Date |
Monday |
27-Jan-25 |
Monday |
10-Mar-25 |
Monday |
05-May-25 |
Monday |
16-Jun-25 |
Note: January MPC meeting to be followed by press conference |
|
|
|
-
 |
|
SBP Policy Rate |
12.00% p.a. |
|
SBP Overnight
Reverse
Repo (Ceiling) Rate |
13.00% p.a |
|
SBP Overnight
Repo (Floor) Rate |
11.00%
p.a. |
|
-
 |
|
Weighted-average Overnight Repo Rate |
As on 28-Apr-25
12.36% p.a. |
KIBOR
As on 29-Apr-25 |
Tenor |
BID |
OFFER |
3-M |
11.85 |
12.10 |
6-M |
11.85 |
12.10 |
12-M |
11.79 |
12.29 |
|
|
|
-
 |
MTBs |
Tenor |
Rates |
1-M |
12.3194% |
3-M |
12.0100% |
6-M |
11.9900% |
12-M |
12.0100% |
(as
on Apr 16, 2025) |
|
Fixed-rate PIB |
Tenor |
Cut-off Rates |
2-Y |
11.9400% |
3-Y |
11.8800% |
5-Y |
12.3400% |
10-Y |
12.7900% |
15-Y |
Bids Rejected |
(as
on Apr 09, 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 |
2-Y |
Bids Rejected |
5-Y |
96.7551 |
10-Y |
92.7458 |
(as
on Apr 16, 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)
07-May-25 |
MTB
30-Apr-25
|
Floating Rate PIB
(Semi-Annual Coupon)
30-Apr-25 |
Floating-rate
PIB
(Quarterly Coupon)
04-Feb-25 |
|
 |
 |
As
on 18-Apr-25 |
SBP’s
Reserves |
10,205.9 |
Bank’s
Reserves |
5,230.1 |
Total Reserves |
15,436.0 |
7 |
|
-
 |
|
As on 29-Apr-25 |
|
M2M
Revaluation Rate |
281.0201 |
Weighted
Average Rate |
Bid: |
280.7938 |
Offer: |
281.2257 |
|
|
-
|