Pakistan, July 25 -- The State Bank of Pakistan (SBP) is expected to reduce the interest rate to between 10% and 10.5% starting July 31, after a long period of high rates. This major move will come during the upcoming meeting of the Monetary Policy Committee (MPC), which will be chaired by SBP Governor Jameel Ahmed. The cut may range from 100 to 150 basis points, depending on the final decision.

According to financial experts, the MPC will likely take a cautious approach while announcing the first monetary policy for fiscal year 2025-26. They believe that the interest rate could be reduced by 50 to 100 basis points, bringing it down from the current 11%. This reduction aims to support economic recovery and business growth in the country....