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| Advance Calendar of Monetary Policy Committee (MPC) Meetings & Communications 1 |
To make the process of monetary policy formulation more predictable and transparent, the State Bank of Pakistan has decided to issue the yearly schedule of Monetary Policy Committee meetings for FY27. In this regard, the dates for Monetary Policy Statements, Analyst Briefings, Monetary Policy Reports and other related releases for the next 12 months are, as follows:
| MPC Meeting Date |
Monetary Policy Statement & Information Compendium |
Analyst Briefing Slide Deck |
Post-MPC Press Conference |
MPC Minutes - Week Ending2 |
Monetary Policy Report |
| 27-July-26 |
27-July-26 |
28-July-26 |
27-July-26 |
21-Aug-26 |
10-Aug-26 |
| 14-Sep-26 |
14-Sep-26 |
15-Sep-26 |
|
09-Oct-26 |
|
| 26-Oct-26 |
26-Oct-26 |
27-Oct-26 |
26-Oct-26 |
20-Nov-26 |
|
| 14-Dec-26 |
14-Dec-26 |
15-Dec-26 |
|
08-Jan-27 |
|
| 25-Jan-27 |
25-Jan-27 |
26-Jan-27 |
25-Jan-27 |
19-Feb-27 |
08-Feb-27 |
| 08-Mar-27 |
08-Mar-27 |
09-Mar-27 |
|
02-Apr-27 |
|
| 26-Apr-27 |
26-Apr-27 |
27-Apr-27 |
26-Apr-27 |
21-May-27 |
|
| 17-Jun-27 |
17-Jun-27 |
18-Jun-27 |
|
12-Jul-27 |
|
1/ In case of any unforeseen event on any of the announced MPC meeting dates, a new date will be communicated in due course.
2/ Minutes are published in the 4th week after the corresponding MPC meeting. |
For details, Press Release
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 |
| |
| SBP Policy Rate |
| 11.50% p.a. |
| |
SBP Overnight
Reverse
Repo (Ceiling) Rate |
| 12.50% p.a |
| |
SBP Overnight
Repo (Floor) Rate |
| 10.50%
p.a. |
|
-
 |
| |
| Weighted-average Overnight Repo Rate |
As on 29-Jun-26
11.23% p.a. |
KIBOR
As on 30-Jun-26 |
| Tenor |
BID |
OFFER |
| 3-M |
11.54 |
11.79 |
| 6-M |
11.55 |
11.8 |
| 12-M |
11.56 |
12.06 |
|
| |
|
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 |
MTBs |
| Tenor |
Cut-off Yield |
| 1-M |
11.7997% |
| 3-M |
11.7499% |
| 6-M |
11.7479% |
| 12-M |
11.8381% |
| (as
on Jun 23, 2026) |
|
| Fixed-rate PIB |
| Tenor |
Cut-off Rates |
| 2-Y |
12.1400% |
| 3-Y |
12.0900% |
| 5-Y |
12.1900% |
| 10-Y |
12.6100% |
| 15-Y |
Bids Rejected |
| (as
on Jun 17, 2026) |
|
Floating-Rate PIBs (Quarterly Coupon) |
| Tenor |
Cut-off Price |
| 2-Y |
Bids Rejected |
| 3-Y |
Bids Rejected |
|
|
Floating-Rate PIBs
(Half-yearly Coupon) |
| Tenor |
Cut-off Price |
| 10-Y |
Bids Rejected |
| (as
on Jun 23, 2026) |
|
| GIS FRR |
| Tenor |
Cut-off Rental Rate/Price |
| 3-Y |
100.2842 |
| 5-Y |
100.0022 |
|
| GIS VRR |
| Tenor |
Cut-off Margin/Price |
| 3-Y |
99.0800 |
| 5-Y |
98.7600 |
| (as
on 21-Dec-2023) |
|
|
-
 |
PIB
Auction
(Fixed Rate)
17-Jun-26 |
MTB
23-Jun-26
|
Floating Rate PIB
(Semi-Annual Coupon)
23-Jun-26 |
Floating-rate
PIB
(Quarterly Coupon)
04-Feb-25 |
|
 |
 |
| As
on 19-June-2026 |
SBP’s
Reserves |
15,916.4 |
Bank’s
Reserves |
5,568.3 |
Total Reserves |
21,484.7 |
|
|
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 |
| |
|
As on 30-Jun-26 |
| |
M2M
Revaluation Rate |
| 278.1614 |
Weighted
Average Rate |
| Bid: |
277.8767 |
| Offer: |
278.3018 |
|
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