Overview
- Governor Jameel Ahmad told an SBP Karachi flag‑hoisting on Friday that average inflation in FY26 was 7.1 percent and the bank will keep its current monetary stance to meet a 5–7 percent medium‑term target.
- The central bank reported GDP growth of 3.7 percent in FY26 and projected growth of 3.5–4.5 percent for FY27.
- SBP said remittances topped USD 41 billion in FY26 and are forecast at USD 44 billion for FY27 while foreign exchange reserves rose to USD 18.4 billion at end‑FY26 and are expected to exceed USD 21 billion in FY27.
- The bank highlighted payment‑system upgrades and inclusion measures, noting the launch of PRISM+ and a rise in retail digital transactions from about 10 billion to 12 billion over the past year and the rollout of InvestPak for broader retail investment access.
- SBP framed these developments as giving it space to press structural reforms that aim to boost exports, productivity, and job creation while warning that continued policy discipline and stronger institutions are needed to turn stabilisation into sustained growth.