Author: Charu Parmar

In a surprising move that has sent ripples through financial markets, the State Bank of Pakistan (SBP) has announced a significant reduction in its benchmark interest rate, lowering it to 11%. This development marks a sharp pivot in the central bank’s monetary policy stance and has surpassed the expectations of market analysts, many of whom anticipated a more modest cut. The central bank cited easing inflationary pressures and the need to spur economic activity as key drivers behind its decision. This cut reflects a proactive strategy aimed at stimulating investment, boosting business confidence, and promoting economic recovery. As global and…