Pakistan Achieves Macroeconomic Stability, Says SBP Governor in Meeting with Global Investors

WASHINGTON: **State Bank of Pakistan (SBP) Governor Jameel Ahmad** has assured international investors that **Pakistan has achieved overall macroeconomic stability** and that the **environment is now conducive for investment and growth**.

During meetings held on the sidelines of the **annual IMF and World Bank sessions in Washington**, Governor Ahmad met with representatives of **Standard Chartered, J.P. Morgan, Bank of America, Jefferies**, and leading **credit rating agencies**.

He informed participants that **inflation has declined sharply** over the past two years, reaching **5.6% year-on-year in September 2025**, and is expected to fall further in the coming months.

Despite the impact of last year’s floods, the governor said **medium-term inflation** is projected to remain within the **5–7% range**, while the **SBP’s foreign exchange reserves** have grown **fivefold compared to February 2023**.

Governor Ahmad also expressed optimism about **higher real GDP growth** in the current fiscal year compared to the previous one, citing improved stability and reforms.

He reaffirmed Pakistan’s commitment to **continued collaboration with multilateral development partners**, including the **IMF and World Bank**, to sustain progress on the country’s **economic reform agenda**.