Jameel Ahmad says inflation near target as growth hits 3.7%
At the Bangkok meetings, Governor Jameel Ahmad told global banks that official reserves reached $21.5 billion by October 9, with inflation near the FY26 target.
SBP Governor Jameel Ahmad told foreign investors that Pakistan’s economy is more resilient to shocks after policy reforms.
Official Pakistan forex reserves rose from under $3 billion in February 2023 to $21.5 billion by October 9, 2026.
Inflation fell from FY23 highs to near the target range in FY26; real GDP growth was 3.7% in FY26.
SBP forward liabilities dropped from over $5.7 billion to below $1 billion, mainly via the central bank’s own FX purchases.
A staff-level deal was reached with the IMF on Extended Fund Facility and Resilience and Sustainability Facility reviews.