Karachi – July 23, 2025: The State Bank of Pakistan (SBP) on Tuesday issued the advance calendar for the Monetary Policy Committee (MPC) meetings for the fiscal year 2025-26 (FY26), in a move aimed at enhancing transparency and predictability in monetary policy decisions.
In an official statement, the central bank announced that, in line with its Strategic Plan – Vision 2028, it will also begin publishing a Monetary Policy Report (MPR) on a biannual basis. These reports will be released within two weeks of the July and January MPC meetings and will include updated projections for key macroeconomic indicators.
According to SBP, these reports will serve as a supplement to the central bank’s existing communication efforts with key stakeholders, with the goal of improving the effectiveness of monetary policy transmission and anchoring inflation expectations. The initiative is a critical step in SBP’s broader roadmap toward adopting a formal inflation targeting regime.
FY26 MPC Meeting Schedule:
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Wednesday, 30th July 2025
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Monday, 15th September 2025
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Monday, 27th October 2025
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Monday, 15th December 2025
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Monday, 26th January 2026
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Monday, 9th March 2026
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Monday, 27th April 2026
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Monday, 15th June 2026
The SBP noted that the next advance calendar for MPC meetings will be issued in July 2026.
This proactive disclosure underscores SBP’s commitment to transparency, data-driven policymaking, and alignment with global best practices in central banking.
