SBP Monetary Policy Decision
The recent upgrade of Pakistan's credit rating by S&P to ‘B’ (up from ‘B-’) with a Stable outlook confirms the stabilisation achieved under the IMF, but it does not create any opportunity for a rate reduction.
July 27, 2026 (MLN): The recent upgrade of Pakistan's credit rating by S&P to ‘B’ (up from ‘B-’) with a Stable outlook confirms the stabilisation achieved under the IMF, but it does not create any opportunity for a rate reduction. Nonetheless, the rising oil prices are of significant concern since Pakistan is heavily reliant on imported energy, which continues to be a structural vulnerability. Exports have falle...