Pakistan, Oct. 5 -- As the world continues to grapple with uncertain oil prices, the State Bank of Pakistan (SBP) is unlikely to meet its FY27 mid-term inflation target of 5-7 per cent, financial experts and analysts said.

Consumer Price Index-based inflation of 10.3 per cent in September clearly indicates that industry, businesses, and the general public will bear the brunt of these cost-push inflationary pressures.

Experts believe the central bank will not lower interest rates to stimulate economic activity. Instead, it will maintain a tight monetary stance to support 'sustainable' growth.

For the past four years, the government and the SBP have been satisfied with low but sustainable growth of around 3 to 3.7 per cent-a level that c...