Analyzing the State Bank of Pakistan's latest monetary policy decision
In its Monetary Policy Statement, the State Bank said headline inflation rose significantly to 5.6% in September from 3% in August, while core inflation remained steady at 7.3%

Shuja Qureshi
Presenter
With over 20 years of combined experience in media and stock brokerage, Shuja Qureshi is a seasoned professional who hosts a weekly stock market show on Nukta. Passionate about personal finance, he also presents 'How to Money with Shuja Qureshi' on Nukta.
Shahbaz Ashraf
Business Consultant
Seasoned Investment Professional | CFA | 17+ Years of Experience in Equity Research, Valuation & Advisory Seasoned investment professional with over 17 years of experience in equity research, financial analysis, valuations, and investment advisory—primarily focused on financial services firms, including equity brokerages, asset management companies, and family offices. Skilled in financial modeling, portfolio management, and evaluating multi-asset investment opportunities. Known for delivering data-driven insights and actionable strategies tailored to both institutional and private clients. Holds a BBA and MBA in Finance from the Institute of Business Management (IoBM), Karachi, and is a Chartered Financial Analyst (CFA).
The State Bank of Pakistan (SBP) decided on Monday to maintain the benchmark interest rate at 11% for the fourth time in a row.
In its Monetary Policy Statement, the State Bank said headline inflation rose significantly to 5.6% in September from 3% in August, while core inflation remained steady at 7.3%.
The MPC said the decision to maintain the current policy rate was appropriate to maintain ongoing price stability, given the still-unfolding effects of earlier monetary easing.
Watch the full video as Nukta Presenter Shuja Qureshi and Head of Research Shahbaz Ashraf break down the announcement.











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