Pakistan, Aug. 14 -- The State Bank of Pakistan (SBP) Governor, Jameel Ahmad, said Pakistan is now firmly moving toward economic stability and sustainable growth after facing unprecedented financial challenges in recent years. He made the remarks during the 78th Independence Day celebrations at SBP's Karachi office, where he hoisted the national flag and addressed the gathering.

Governor Ahmad emphasized that SBP's monetary policies are designed to ensure long-term prosperity by maintaining price stability. He noted inflation dropped from a record 38 percent in May 2023 to 3.2 percent by June 2025, following seven gradual policy rate cuts from 22 percent to 11 percent. These steps, he added, aim to keep inflation within the 5-7 percent r...