Macro Analysis /
Pakistan

Pakistan: Third consecutive rate hike

  • SBP has raised the policy rate by 100bps to 9.75% – a cumulative 275bps hike since September 2021

  • Policy rate is guided to be kept broadly unchanged in the near term

  • We expect Pakistan equities to rebound in the near term, led by Cements and Autos

Pakistan: Third consecutive rate hike
Saad Ali
Saad Ali

Head of Research

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
14 December 2021