State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Thursday that the policy rate would come down in phases. Addressing a function at the Federation of Pakistan in Karachi, he said that the inflation target was expected to remain from five to seven per cent this financial year (FY).  He informed that in December 2024, the country’s current account was in surplus and would remain in surplus throughout the current FY.   The SBP governor said that now there were no restrictions on imports by the bank.

Credit: Independent News Pakistan (INP)