Despite indications that the government is close to reaching a deal with the International Monetary Fund, the Central Bank of Pakistan kept the interest rate at 15%.
The action was in line with what most analysts surveyed by the Bloomberg news agency expected.
The bank stated in a statement that the recent increase in inflation has been in line with projections, that domestic demand is starting to moderate, and that the external environment has begun to improve.
The decision made today could allow for the transfer of $1. 2 billion in cash at the International Monetary Fund meeting on August 29.
Saudi Arabia, Qatar, and the United Arab Emirates have pledged $4 billion to Pakistan to aid with its financial woes.
In the coming months, imports are anticipated to decline, relieving pressure on foreign exchange reserves and balancing the current account.
Despite indications of a finance breakthrough, Pakistan maintains its borrowing rates at 15%.
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