Policy monitor
State Bank of Pakistan
Track State Bank of Pakistan decisions on interest rates, inflation, reserves, the rupee and banking policy.
The reporting trail
Page 5 of 5
International — World / Business & FinanceTrump DOJ escalates pressure on Fed Chair Powell with criminal indictment threat
On 12 January 2026 the US Justice Department served subpoenas on the Federal Reserve over Chair Jerome Powell's June testimony, prompting markets to reprice Fed independence risk.
Pakistan / Business & FinancePSX KSE-100 crosses 187,000 in record first week of 2026
Pakistan Stock Exchange KSE-100 surged past 187,000 in early January 2026 as liquidity and rate-cut hopes drove a record week, while foreign investors remained net sellers.
Pakistan / Business & FinancePakistan forex reserves rise to $16bn, highest since FY21
The State Bank reported reserves of $16.055bn for the week ending 2 January 2026, the highest level since FY21, on rising remittances and heavy central-bank dollar buying.
Pakistan / Business & FinanceUBL becomes Pakistan's most valuable listed firm, overtakes energy stocks
On 7 January 2026, United Bank Ltd crossed a Rs1.28tr ($4.6bn) market cap — the first listed bank to lead the PSX by capitalisation, ahead of energy names.
Pakistan / Business & FinancePakistan CPI inflation slows to 5.6% in December as PBS releases mid-year data
Pakistan's headline inflation registered at 5.6% in December 2025, bringing average first-half inflation to 5.15% amid falling food and transport indices.
International — Region / International — RegionBulgaria adopts the euro: what changed beyond the banknotes
Bulgaria became the euro area’s 21st member on 1 January 2026, changing its cash, central-bank role and place in European monetary policy.