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Monetary Policy Communication in Pakistan |
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Discussion Forum, Workshops, and Seminars on Monetary Policy |
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SBP also organize workshops for media personnel to enhance their understanding on basic macroeconomic indicators, issues, and policies, including those related to monetary policy, in Pakistan.
Furthermore, with the objective to create synergy between academics and the practitioners in improving understanding of monetary policy issues, MPD holds seminars at various academic institutions to share its knowledge and experience on monetary policy formulation and implementation in Pakistan. Similarly, SBP invites academicians and economists active in doing research in the area of monetary policy to share their views and research finding with the SBP’s staff and senior management. SBP encourages collaborative research on monetary policy issues between its staff and faculty members at different universities and business school.
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 |
|
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 |
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