Stability paves way for sustainable growth: SBP chief

State Bank of Pakistan Governor Jameel Ahmad said the country is moving from stabilisation toward sustainable growth, and he put FY27 GDP growth at up to 4.5 per cent. Speaking at an Independence Day event, he said the economy had made notable headway toward stability over the past year, backed by stronger economic discipline. According to Dawn, he credited prudent fiscal and monetary policies for economic expansion of 3.7 per cent in FY26.

He expects GDP growth to stay between 3.5 and 4.5 per cent in FY27. Remittances reached a record above $41bn in FY26 and are projected to hit $44bn in FY27, while foreign exchange reserves climbed to $18.4bn by the end of FY26. He added that reserves are expected to exceed $21bn during FY27, and that the current monetary stance is suitable for keeping inflation within the 5 to 7 per cent medium-term target.

On the financial side, the governor pointed to the launch of PRISM+, which he said speeds up and secures large-value payments and settlements. Retail digital transactions climbed in FY26, moving from roughly 10bn to 12bn, and InvestPak has been introduced to offer the public convenient and transparent investment options. He stressed that financial inclusion, Islamic banking, green finance and cybersecurity remain central to the central bank's agenda.