The State Bank of Pakistan (SBP) announced the introduction of a biannual monetary policy report starting from FY26. The central bank also released the advance Monetary Policy Committee (MPC) calendar for fiscal year 2026.
According to SBP, the monetary policy report will be published twice a year—after the July and January MPC meetings—within two weeks. This initiative is part of SBP’s Vision 2028 to increase transparency and improve communication on monetary policy decisions.
A semi-annual report will indicate updates to the main economic forecasts (inflation and growth indications) and present useful policy-related ideas to stakeholders. The action is meant to improve monetary policy transmission and control over inflation expectations, as SBP shifts to the use of an inflation-targeting framework.
To support long-term financial planning and institutional transparency, SBP has also decided to extend the advance publication of MPC meeting dates. The Monetary Policy Committee schedule for FY26 is as follows:
- Wednesday, 30 July 2025
- Monday, 15 September 2025
- Monday, 27 October 2025
- Monday, 15 December 2025
- Monday, 26 January 2026
- Monday, 9 March 2026
- Monday, 27 April 2026
- Monday, 15 June 2026
The advance calendar for MPC meetings beyond June 2026 will be released in July 2026. In case of unforeseen events, new dates will be announced accordingly.
This development is aligned with SBP’s broader strategy to improve policy transparency and stabilize inflation in Pakistan.
 announced the introduction of a biannual monetary policy report starting from FY26. The central bank also released the advance Monetary Policy Committee (MPC) calendar for fiscal year 2026.){kind=link}