The State Bank of Pakistan (SBP) has scheduled a meeting of the Monetary Policy Committee (MPC) for June 16.
According to the SBP, the new monetary policy will be announced on Monday evening via a press release. The meeting will be chaired by the SBP Governor.
Experts believe that the central bank is likely to keep the interest rate unchanged in the upcoming policy decision.
SBP Reserves Hit 5-Month High
In a separate development, Pakistan’s foreign exchange reserves recently climbed to a five-month high, reaching $16.65 billion.
The available reserves now cover around 70 days of import needs. Notably, the SBP’s dollar reserves saw a significant boost—rising by 10% in just one week.
