The benchmark interest rate in Pakistan was last recorded at 11 percent. This dataset provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In December 2024, the benchmark interest rate in Pakistan stood at ** percent. Bangladesh's central bank policy rate stood at ** percent that month, counteracting the country's high inflation.

Deposit Interest Rate in Pakistan increased to 7.25 percent in December from 5.97 percent in November of 2021. This dataset includes a chart with historical data for Deposit Interest Rate in Pakistan.

Lending interest rate (%) in Pakistan was reported at 8.666 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Pakistan - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about Pakistan Policy Rate

• Pakistan cash rate (State Bank of Pakistan: Reverse Repo Rate) was set at 13.00 % pa in Feb 2025, compared with 13.00 % pa in the previous Jan 2025.
• Pakistan Policy Rate averaged 12.00 % pa and is updated monthly, available from Feb 1992 to Feb 2025.
• The data reached an all-time high of 23.00 % pa in May 2024 and a record low of 6.25 % pa in Dec 2017.

Related information about Pakistan Policy Rate

• In the latest reports, Pakistan Short Term Interest Rate: Month End: Pakistan: Interbank Rate: Karachi Average: 3 Months was reported at 22.91 % pa in Jun 2023.
• Its Long Term Interest Rate (Long Term Interest Rate: Month End: Pakistan: Government Bond Yield: 10 Years) was reported at 11.00 % pa in Jun 2023.
• Pakistan Exchange Rate against USD averaged 286.58 (USD/PKR) in Jun 2023.
• Its Real Effective Exchange Rate was 103.70 in Dec 2024.

Key information about Pakistan Short Term Interest Rate

• Pakistan Short Term Interest Rate: Month End: Pakistan: Interbank Rate: Karachi Average: 3 Months was reported at 22.91 % pa in Jun 2023, compared with 22.19 % pa in the previous month.
• Pakistan Short Term Interest Rate data is updated monthly, available from Nov 2004 to Jun 2023.
• The data reached an all-time high of 22.91 % pa in Jun 2023 and a record low of 5.24 % pa in Dec 2004.
• Short Term Interest Rate is reported by reported by CEIC Data.

CEIC calculates monthly Short Term Interest Rate from daily 3 months Interbank Rates. The State Bank of Pakistan provides 3 months Interbank Rates.


Related information about Pakistan Short Term Interest Rate

• In the latest reports, Pakistan Long Term Interest Rate: Month End: Pakistan: Government Bond Yield: 10 Years was reported at 11.00 % pa in Jun 2023.
• The cash rate (State Bank of Pakistan: Reverse Repo Rate) was set at 23.00 % pa in Jun 2023.
• Pakistan Exchange Rate against USD averaged 285.49 (USD/PKR) in May 2023.

Real interest rate (%) in Pakistan was reported at --1.4523 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Pakistan - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The deposit interest rate in Pakistan amounted to **** percent in 2021. Between 2004 and 2021, the deposit interest rate rose by **** percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

Interest rate spread (lending rate minus deposit rate, %) in Pakistan was reported at 2.9144 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Pakistan - Interest rate spread (lending rate minus deposit rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Pakistan PK: External Debt: DOD: Stocks: Variable Rate data was reported at 17.505 USD bn in 2016. This records an increase from the previous number of 14.101 USD bn for 2015. Pakistan PK: External Debt: DOD: Stocks: Variable Rate data is updated yearly, averaging 5.243 USD bn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 17.505 USD bn in 2016 and a record low of 5.000 USD mn in 1970. Pakistan PK: External Debt: DOD: Stocks: Variable Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank: External Debt: Debt Outstanding, Debt Ratio and Debt Service. Variable interest rate is long-term external debt with interest rates that float with movements in a key market rate; for example, the London interbank offered rate (LIBOR) or the U.S. prime rate. This item conveys information about the borrower's exposure to changes in international interest rates. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;

The benchmark interest rate in the United States was last recorded at 4.50 percent. This dataset provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2018, the estimated average inflation rate in Pakistan amounted to about 3.93 percent compared to the previous year, a slight drop from 2017, but an ever sharper one compared to four years earlier. Over the next few years, forecasts estimate it to level off at around 6.5 percent.

Pakistan‘s more or less fragile economy

Pakistan is one of the most populous countries in the worldwith a large Muslim population and a rather low urbanization rate, which means that the majority of Pakistanis live in rural areas. However, the majority of the country's GDP is generated by the services sector, which also employs most of the workforce. As of now, Pakistan’s economic growth seems stable, but that wasn’t always the case.

Stable growth ahead?

Like many others, Pakistan’s economy suffered during the 2009 financial crisis, and while it has recovered today, inflation was still over 10 percent in 2012. GDP slumped during that time as well, but now, ten years later, it has almost tripled and seems to be on an upward trend. Although its GDP generation now mainly relies on services, Pakistan still exports agricultural goods like cotton. However, the country still struggles with an increasing trade deficit and thus rising national debt – two factors that could hinder economic growth in the future.

PK: External Debt: INT: PPG: Official Creditors: Multilateral: Concessional data was reported at 232.059 USD mn in 2016. This records an increase from the previous number of 189.678 USD mn for 2015. PK: External Debt: INT: PPG: Official Creditors: Multilateral: Concessional data is updated yearly, averaging 43.592 USD mn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 232.059 USD mn in 2016 and a record low of 1.936 USD mn in 1970. PK: External Debt: INT: PPG: Official Creditors: Multilateral: Concessional data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank: External Debt: Disbursements and Interest Payment. Public and publicly guaranteed multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Concessional debt is defined as loans with an original grant element of 25 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. Interest payments are actual amounts of interest paid by the borrower in currency, goods, or services in the year specified. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;

Key information about Pakistan Real Effective Exchange Rate

• Pakistan Real Effective Exchange Rate (REER: 2010=100: Month Avg: Pakistan) was 104.0 in Jan 2025, compared with the number of 103.7 in the previous month.
• Pakistan Real Effective Exchange Rate data is updated monthly and averaged 123.7 from Jan 2013 to Jan 2025.
• The data reached an all-time high of 123.7 in Apr 2017 and a record low of 85.6 in Apr 2023.

The State Bank of Pakistan provides Real Effective Exchange Rate Index with base 2010=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy. Weights are calculated by the IMF on the basis of 2016-18 trade patterns in the global economy. Due to lack of historical data, the indicator cannot be recalculated with base 2005=100.


Related information about Pakistan Real Effective Exchange Rate

• In the latest reports, Pakistan Short Term Interest Rate: Month End: Pakistan: Interbank Rate: Karachi Average: 3 Months was reported at 22.9 % pa in Jun 2023.
• The cash rate (State Bank of Pakistan: Reverse Repo Rate) was set at 13.0 % pa in Feb 2025.
• Pakistan Exchange Rate against USD averaged 286.6 (USD/PKR) in Jun 2023.

Pakistan PK: External Debt: INT: PRVG: Multilateral Concessional data was reported at 0.015 USD mn in 2023. This records a decrease from the previous number of 0.029 USD mn for 2022. Pakistan PK: External Debt: INT: PRVG: Multilateral Concessional data is updated yearly, averaging 0.133 USD mn from Dec 1987 (Median) to 2023, with 37 observations. The data reached an all-time high of 0.271 USD mn in 1999 and a record low of 0.015 USD mn in 2023. Pakistan PK: External Debt: INT: PRVG: Multilateral Concessional data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank.IDS: External Debt: Disbursements and Interest Payment: Annual. Private sector guaranteed by Public Sector multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Concessional debt is defined as loans with an original grant element of 35 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 5 percent. Interest payments are actual amounts of interest paid by the borrower in currency, goods, or services in the year specified. Data are in current U.S. dollars.

As of July 18, 2025, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of ** percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United Kingdom had one the highest yield on 10-year government bonds at this time with **** percent, while Switzerland had the lowest at **** percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.

Pakistan External Debt: INT: CB: Bilateral Concessional data was reported at 165.790 USD mn in 2023. This records a decrease from the previous number of 201.783 USD mn for 2022. Pakistan External Debt: INT: CB: Bilateral Concessional data is updated yearly, averaging 134.027 USD mn from Dec 2018 (Median) to 2023, with 6 observations. The data reached an all-time high of 201.783 USD mn in 2022 and a record low of 69.951 USD mn in 2018. Pakistan External Debt: INT: CB: Bilateral Concessional data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank.IDS: External Debt: Disbursements and Interest Payment: Annual. Central bank bilateral debt includes Central bank debt with bilateral creditors. The central bank is the financial institution (or institutions) that exercises control over key aspects of the financial system. The monetary authority, normally the agency that issues currency and holds the country’s international reserves. Concessional debt is defined as loans with an original grant element of 35 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 5 percent. Interest payments are actual amounts of interest paid by the borrower in currency, goods, or services in the year specified. Data are in current U.S. dollars

Pakistan PK: External Debt: DIS: PPG: Multilateral Concessional data was reported at 443.990 USD mn in 2023. This records an increase from the previous number of 71.612 USD mn for 2022. Pakistan PK: External Debt: DIS: PPG: Multilateral Concessional data is updated yearly, averaging 257.355 USD mn from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 1.609 USD bn in 2009 and a record low of 22.682 USD mn in 1970. Pakistan PK: External Debt: DIS: PPG: Multilateral Concessional data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank.IDS: External Debt: Disbursements and Interest Payment: Annual. Public and publicly guaranteed multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Concessional debt is defined as loans with an original grant element of 35 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 5 percent. Disbursements are drawings by the borrower on loan commitments during the year specified. Data are in current U.S. dollars.

The yield on Pakistan 10Y Bond Yield eased to 11.98% on July 23, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.39 points and is 2.10 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Pakistan 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

Interbank Rate in Pakistan decreased to 10.90 percent in June from 11.11 percent in May of 2025. This dataset provides - Pakistan Six Month Treasury Bill Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.