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.

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.

• 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.

Sub Bottom Profilers (SBP) Market Outlook

The Sub Bottom Profilers (SBP) market is positioned for significant growth over the coming years, with the global market size projected to expand from approximately USD 450 million in 2023 to an estimated USD 800 million by 2032. This growth trajectory indicates a robust compound annual growth rate (CAGR) of approximately 6.5% during the forecast period. Factors propelling this market include increased demand for marine exploration technologies, advancements in profiling technology, and a growing emphasis on environmental assessment and monitoring in marine ecosystems. This market's expansion is driven by the increasing applications of SBP across various sectors, including environmental studies and oil and gas exploration, where precise sub-surface imaging is crucial.

The growth of the SBP market is primarily fueled by the rising necessity for advanced marine exploration and mapping technologies. With the world's oceans covering more than 70% of the earth's surface, there is a constant demand for accurate and efficient sub-surface profiling to support activities such as cable laying, offshore wind farm installation, and seabed characterization. Technological innovations in SBP, such as the development of chirp systems, have significantly enhanced the accuracy and resolution of sub-bottom imaging, thus driving their adoption across a wide range of applications. These advancements have enabled deeper penetration and improved data quality, making SBP an indispensable tool for underwater investigations and contributing to the market's growth.

Moreover, the SBP market is experiencing substantial growth due to increased environmental awareness and regulatory pressures. Governments and environmental agencies are increasingly focusing on underwater environmental protection and sustainable resource management, prompting the adoption of technologies like SBP for environmental studies and monitoring. These devices assist in understanding sediment layers and sub-surface geology, which are essential for assessing environmental impacts and ensuring compliance with environmental laws during marine construction activities. The awareness of preserving marine biodiversity and the ecological balance is driving investments in SBP technologies to aid in precision monitoring and assessment.

Another critical driver of this market is the growing demand from the oil and gas sector for sub-surface profiling during exploration and production activities. As traditional land-based oil and gas resources become scarcer, the industry is increasingly turning to offshore reserves, necessitating effective sub-bottom profiling to identify and evaluate potential drilling sites. SBP provides essential data regarding the geological characteristics and sediment composition, which are pivotal for making informed decisions and optimizing exploration success rates. Consequently, oil and gas companies are investing heavily in SBP technologies, further bolstering market growth.

Regionally, the SBP market is showing varied growth patterns across different parts of the globe. North America, with its advanced technological infrastructure and significant investments in marine research, stands as a prominent market for SBP. Europe is also notable, driven by stringent environmental regulations and substantial maritime activities around the North Sea. The Asia Pacific region is projected to experience the highest growth rate, fueled by expanding maritime trade, offshore exploration activities, and government initiatives to enhance marine safety. The Middle East & Africa and Latin America are also expected to witness steady growth, primarily due to burgeoning exploration activities in the oil and gas sector. Each region presents unique opportunities and challenges, contributing to the overall dynamics of the global SBP market.

Product Type Analysis

In the realm of product types, the SBP market can be largely categorized into Single Beam, Multi Beam, and Chirp systems, each offering distinct advantages and tailored applications. Single Beam Sub Bottom Profilers constitute one of the traditional forms of SBP, known for their reliability and cost-effectiveness. These systems are extensively used in applications where basic sub-surface information suffices. Their relatively low cost and ease of use make them an attractive option for smaller-scale studies and projects with budget constraints. Despite being less sophisticated than their multi-beam and chirp counterparts, single beam SBPs continue to maintain a significant presence in the market, especially in education and environmental studies sec