Interest Rate in Pakistan

Pakistan Interest Rate | Economic News & Forecasts

Pakistan - Interest Rate

The 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

2013  2014  2015  2016  2017  
Policy Interest Rate (%)9.00  10.00  6.50  5.75  5.75  

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Note: Reverse Repo Rate in % (eop).
Source: State Bank of Pakistan

Pakistan Facts

ValueChangeDate
Bond Yield14.140.0 %Jun 14
Exchange Rate156.0-0.05 %Jun 14

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