KARACHI: The State Bank of Pakistan (SBP) has called for wide-ranging structural reforms to place the economy on a path of higher, sustainable and inclusive growth.

Releasing its Monetary Policy Report (MPR) on Wednesday, the central bank said reforms were particularly needed to boost productivity, promote exports, expand the tax base, address financial losses and inefficiencies in the public sector, ease tariff and infrastructure bottlenecks in the energy sector, and deepen the financial system.

The SBP said achieving fiscal consolidation in FY26 would be challenging but essential for preserving macroeconomic stability and achieving long-term growth. Sustaining these efforts, it stressed, would depend on structural reforms to widen the tax base, improve public........

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