The State Bank of Pakistan (SBP) has announced that its Monetary Policy Committee (MPC) will hold its first meeting of fiscal year 2026–27 on July 27, 2026, as part of its newly released advance calendar outlining key policy dates for the year.
The central bank also introduced a revised communication framework aimed at improving transparency, strengthening market guidance, and enhancing public understanding of monetary policy decisions.
According to the published schedule, the SBP will release its Monetary Policy Statement and Information Compendium on the same day as each MPC meeting. An analyst briefing slide deck will be issued the following day, while post-MPC press conferences will be held for selected meetings throughout the year.
Under the updated framework, the SBP Governor will address the media after four major policy meetings scheduled for July, October, January, and April.
In addition, the central bank will increase the number of post-MPC press conferences from two to four annually. Officials said the move is intended to improve communication between policymakers, financial markets, and the public.
The SBP has also decided to publish staff presentation materials used in post-MPC analyst briefings on its official website one day after each meeting. Furthermore, minutes of MPC meetings will now be released by the end of the fourth week following each decision, streamlining the disclosure process.
According to the central bank, these reforms are designed to provide greater insight into decision-making processes and reinforce confidence in its data-driven monetary policy approach.
Officials added that the measures are part of broader efforts to improve the effectiveness of monetary policy transmission and support the eventual transition toward an inflation-targeting framework.
