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Pakistan Holds Interest Rate at 11%, Business Leaders Push for Cuts

10/28/2025

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Summary

Story summary

On October 27, 2025, the State Bank of Pakistan kept the policy rate at 11% for the fourth time, citing improved macroeconomic conditions.
The SBP revised its fiscal year 2026 GDP forecast to the upper half of the 3.25–4.25% range.
The business community criticized the decision because high borrowing costs hinder recovery.
Some leaders called for cutting the rate to 7% to spur growth and ease industry burdens.

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Story summary

On October 27, 2025, the State Bank of Pakistan kept the policy rate at 11% for the fourth time, citing improved macroeconomic conditions.
The SBP revised its fiscal year 2026 GDP forecast to the upper half of the 3.25–4.25% range.
The business community criticized the decision because high borrowing costs hinder recovery.
Some leaders called for cutting the rate to 7% to spur growth and ease industry burdens.