State Bank of Pakistan Governor Jameel Ahmad said the central bank will reassess its financial projections if the recent rise in international oil prices persists.
Higher energy costs could feed into inflation, slow economic growth and worsen Pakistan’s external balance, making oil the key risk to the current outlook.
Pakistan still showed resilience through fiscal year 2026 despite geopolitical tensions and global economic uncertainty, Ahmad said.
The SBP currently expects Pakistan’s economy to grow 3.7% in FY2026, a forecast that could come under review if oil prices keep climbing.