Pakistan, July 28 -- S&P Global Market Intelligence has released a report on Pakistan's economy and State Bank monetary policy, predicting a cautious approach ahead. The report highlighted improving economic indicators while warning of inflation and external risks.

According to the report, the State Bank of Pakistan has maintained its policy rate at 11.5%. S&P said the central bank is expected to continue carefully managing monetary policy due to ongoing economic challenges.

Read more: SBP holds key policy rate at 11.5% on inflation concerns

The report projected Pakistan's economic growth at 3.5% during fiscal year 2026-27. Moreover, it said foreign exchange reserves could rise to $19.5 billion by December 2026, supported by stronger r...