The State Bank of Pakistan (SBP) has announced a new monetary policy on Monday, under which the interest rate in the country has been increased by one per cent.
According to the details regarding the situation, the interest rate has been increased from 10.5 per cent to 11.5 per cent in Pakistan.
SBP announced the update on the social media platform X, formerly Twitter, stating that, “The Monetary Policy Committee decided to raise the policy rate by 100 basis points to 11.50% w.e.f 28-Apr-2026 in its meeting held on 27-Apr-2026.”
The increase will take effect from tomorrow, on Tuesday, April 28, 2026.
The Monetary Policy Committee decided to raise the policy rate by 100 basis points to 11.50% w.e.f 28-Apr-2026 in its meeting held on 27-Apr-2026.
— SBP (@StateBank_Pak) April 27, 2026
In the previous review, the State Bank had maintained the policy rate at 10.5 per cent. In today’s meeting, the interest rate was increased from 10.5 per cent to 11.5 per cent under the new monetary policy.
Economists are saying that the increase in interest rates is a major reason for the increase in the prices of petroleum products due to the Middle East war and economic uncertainty in the global market.
Experts further say that the State Bank’s decision will also have a direct impact on inflation. This is due to the increase in the prices of petroleum products, which has a direct impact on daily necessities.
State Bank of Pakistan confirms $3 billion deposit
Previously, the State Bank of Pakistan announced on April 21 morning that it had received an additional $1 billion from Saudi Arabia. This deposit has completed the total transfer of $3 billion from the Kingdom.
This means Pakistan has received a total of $3 billion from Saudi Arabia within a week.
Earlier, Federal Finance Minister Muhammad Aurangzeb had stated that Saudi Arabia had committed to providing an additional $3 billion in deposits.
SBP posted on its X account, “State Bank of Pakistan has received funds of US$ 1 billion from the Ministry of Finance, Kingdom of Saudi Arabia in the value date of 20 April 2026.”
The post further added, “This is the second tranche of the $3 billion deposit recently agreed by the Kingdom of Saudi Arabia.”
“First tranche of $2 billion has already been received in the value date of 15 April 2026,” the statement concluded.
State Bank of Pakistan has received funds of US$ 1 billion from Ministry of Finance, Kingdom of Saudi Arabia in the value date of 20April2026. This is the second tranche of the $3 billion deposit recently agreed by Kingdom of Saudi Arabia. First tranche of $2 billion has already…
— SBP (@StateBank_Pak) April 21, 2026
