In line with the SBP’s Strategic Plan – Vision 2028 – and to enhance transparency in the monetary policy formulation process, the SBP will publish a Monetary Policy Report (MPR) on a biannual basis. The MPRs are timed to be released within two weeks of the July and January MPC meetings, at which the SBP will update its projections for key macroeconomic indicators.

The reports will supplement SBP’s other monetary policy-related communications with key stakeholders. These efforts are geared towards enhancing the effectiveness of monetary policy transmission by anchoring inflation expectations and are part of the SBP’s roadmap towards adopting an inflation-targeting regime.

Furthermore, in line with its efforts to increase institutional transparency and instill greater stakeholder confidence in financial planning over a longer period, the SBP has decided to increase the horizon of the advance calendar of MPC meetings. In this regard, the schedule of MPC meetings for full-year FY26 is below:

1. Wednesday, 30^th July 2025
2. Monday, 15^th September 2025
3. Monday, 27^th October 2025
4. Monday, 15^th December 2026
5. Monday, 26^th January 2026
6. Monday, 9^th March 2026
7. Monday, 27^th April 2026
8. Monday, 15^th June 2026

The next advance calendar for MPC meetings will be issued in July 2026. In the event of any unforeseen circumstances on any of the announced dates, a new date will be communicated in due course.