Interest Rate in Pakistan
Pakistan - Interest RateThe economy was thrown a lifeline on 12 May when the government reached an agreement with the IMF to unlock a three-year, USD 6 billion loan package which will be vital to shoring up the country’s critically-low foreign reserves. The agreement comes with strict conditionality, and led the rupee to hit an all-time low against the dollar. The Fund’s prescriptions center on improving the state’s tax collection capacity, recouping costs in the energy sector and in state-owned enterprises—all in a bid to improve the fiscal position—and eventually transitioning the foreign exchange regime to a more free-floating system. As a result of full implementation of the IMF package, there should be a narrowing of the current account deficit, which remains gaping despite a marked improvement in July 2018-March 2019.
Pakistan - Interest Rate Data
|Policy Interest Rate (%)||9.00||10.00||6.50||5.75||5.75|
5 years of economic forecasts for more than 30 economic indicators.
Source: State Bank of Pakistan
|Bond Yield||14.14||0.0 %||Jun 14|
|Exchange Rate||156.0||-0.05 %||Jun 14|
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