The State Bank of Pakistan raised its benchmark interest rate by 150 bps to 12.25 percent during its May meeting, in an attempt to curb rising inflation amid a weak rupee and an elevated fiscal deficit. Consumer price inflation eased to 8.82 percent year-on-year in April from 9.41 percent in March, which was the highest since November 2013. Interest Rate in Pakistan averaged 11.16 percent from 1992 until 2019, reaching an all time high of 19.50 percent in October of 1996 and a record low of 5.75 percent in May of 2016.

Interest Rate in Pakistan is expected to be 12.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Pakistan to stand at 12.25 in 12 months time. In the long-term, the Pakistan Interest Rate is projected to trend around 8.50 percent in 2020, according to our econometric models.

Pakistan Interest Rate
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Pakistan Money Last Previous Highest Lowest Unit
Interest Rate 12.25 10.75 19.50 5.75 percent [+]
Interbank Rate 10.60 10.35 17.42 1.21 percent [+]
Money Supply M0 5782215.15 6208509.18 6208509.18 1413617.11 PKR Million [+]
Money Supply M1 13656456.00 13504192.00 13656456.00 3168848.00 PKR Million [+]
Money Supply M2 16523643.00 16321338.00 16523643.00 4431502.00 PKR Million [+]
Money Supply M3 20496377.52 20229588.90 20496377.52 5548454.00 PKR Million [+]
Deposit Interest Rate 7.88 7.79 9.15 1.57 percent [+]
Loans To Private Sector 5127862.00 5149353.00 5149353.00 1482289.00 PKR Million [+]
Foreign Exchange Reserves 17397.60 14950.10 24025.80 1973.60 USD Million [+]


Pakistan Interest Rate

In Pakistan, interest rates decisions are taken by the State Bank of Pakistan. On 23rd of May, 2015 the discount ceiling rate was replaced by a new official interest rate, the SBP Policy rate. This page provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Pakistan Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.25 10.75 19.50 5.75 1992 - 2019 percent Daily




Country Last Previous
Argentina 71.22 May/19
Turkey 24.00 Apr/19
Mexico 8.25 May/19
Russia 7.75 Apr/19
South Africa 6.75 May/19
Brazil 6.50 May/19
India 6.00 Apr/19
Indonesia 6.00 May/19
China 4.35 Apr/19
Saudi Arabia 3.00 Apr/19
United States 2.50 May/19
Singapore 2.24 Mar/19
Canada 1.75 Apr/19
South Korea 1.75 Apr/19
Australia 1.50 May/19
United Kingdom 0.75 May/19
Euro Area 0.00 Apr/19
France 0.00 Apr/19
Germany 0.00 Apr/19
Italy 0.00 Apr/19
Netherlands 0.00 Apr/19
Spain 0.00 Apr/19
Japan -0.10 Apr/19
Switzerland -0.75 Apr/19


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