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Pakistan Interest Rate

Pakistan's interest rate was 11% in July 2025. It remained unchanged at 11% in September 2025. The State Bank of Pakistan held the rate steady in July due to inflation risks from energy prices despite economic gains. In September, the rate stayed at 11% to address inflation threats from flood-related agricultural supply shocks. These decisions aimed to ensure price stability amid economic challenges. Pakistan's record low interest rate was 5.75% in May 2016 and record high was 22% in June 2023.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Sep 15, 2025 11%
Jul 30, 2025 11%
Jun 16, 2025 11%
May 05, 2025 11%
Mar 10, 2025 12%
Jan 27, 2025 12%
Dec 16, 2024 13%
Nov 04, 2024 15%
Sep 12, 2024 17.5%
Jul 29, 2024 19.5%
Jun 10, 2024 20.5%
Apr 29, 2024 22%
Mar 18, 2024 22%
Jan 29, 2024 22%
Dec 12, 2023 22%
Oct 30, 2023 22%
Sep 14, 2023 22%
Jul 31, 2023 22%
Jun 26, 2023 22%
May 31, 2023 21%
Apr 04, 2023 21%
Mar 02, 2023 20%
Jan 23, 2023 17%
Nov 25, 2022 16%
Oct 10, 2022 15%
Aug 22, 2022 15%
Jul 07, 2022 15%
May 23, 2022 13.75%
Apr 07, 2022 12.25%
Feb 28, 2022 9.75%
Jan 24, 2022 9.75%
Dec 14, 2021 9.75%
Oct 31, 2021 7.25%
Sep 20, 2021 7.25%
Jul 27, 2021 7%
May 28, 2021 7%
Mar 19, 2021 7%
Jan 22, 2021 7%
Nov 23, 2020 7%
Sep 21, 2020 7%
Jul 31, 2020 7%
Jun 25, 2020 7%
May 15, 2020 8%
Mar 24, 2020 11%
Mar 17, 2020 12.5%
Dec 31, 2019 13.25%
Nov 22, 2019 13.25%
Sep 16, 2019 13.25%
Jul 16, 2019 13.25%
May 20, 2019 12.25%
Mar 29, 2019 10.75%
Oct 31, 2018 8.5%
Sep 29, 2018 8.5%
Jul 14, 2018 7.5%
May 25, 2018 6.5%
Mar 30, 2018 6%
Jan 26, 2018 6%
Oct 31, 2017 5.75%
Sep 29, 2017 5.75%
Jan 28, 2017 5.75%
Nov 26, 2016 5.75%
Sep 24, 2016 5.75%
Jul 30, 2016 5.75%
May 21, 2016 5.75%
Apr 09, 2016 6%
Dec 31, 2015 6%
Nov 21, 2015 6%
Sep 12, 2015 6%

Recent Events

datetime event actual previous consensus
2025-09-15 05:35 AM Interest Rate Decision 11% 11% 11%

Next Release Date :

Pakistan Interest Rate : Definition
The Interest Rate set by the State Bank of Pakistan is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.