Pakistan, June 17 -- The State Bank of Pakistan (SBP) aims to achieve a profit of Rs2.4 trillion for the fiscal year ending June 2025. Governor Jameel Ahmad confirmed that the bank is on track to meet this target after a recent briefing following the decision to keep interest rates unchanged.

Last year, the SBP recorded a historic profit of Rs3.42 trillion, helped by high interest rates and exchange rate gains. The FY25 profit will be transferred to the government after audit and approval, and it will be included in the budget for FY26.

Despite geopolitical tensions, especially the conflict between Israel and Iran, the SBP maintained its growth forecast. It expects the country's economy to grow by 4.2 percent in FY25, driven mainly by t...