Tight monetary policy helping stabilise inflation, says SBP governor 

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that a tight monetary policy is being maintained in the country to keep inflation in check, and its impact is now becoming evident on both inflation and the current account balance. 

He stated that while the recent decline in the US dollar may raise concerns globally, it poses no major risk to Pakistan. The country’s foreign exchange reserves are largely held in dollars, and Pakistan’s exposure to Eurobonds, denominated in other currencies, is relatively low, he added. 

Ahmad noted that the ongoing monetary stance has started to yield results, with visible signs of improvement in key economic indicators. He reiterated the central bank’s commitment to stabilising the economy and maintaining price discipline. 

The dollar recently fell to a three-month low in global markets, but Ahmad said this development is not expected to have any significant adverse impact on Pakistan. 

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