中经资料：巴基斯坦证券市场一周回顾(2025.09.15-2025.09.19)

Core Insights - The State Bank of Pakistan (SBP) has maintained the policy interest rate at 11% for the third consecutive time since June 2025, citing a downward trend in inflation and slight macroeconomic deterioration due to recent floods [8] - The SBP has revised the GDP growth forecast for FY 2025-2026 down to approximately 3.25%, a decrease of nearly one percentage point due to the adverse effects of ongoing floods on the agricultural sector [9] - The government has accumulated an average monthly debt of over 817.375 billion PKR in the first 16 months of its term, with total debt rising to 77.888 trillion PKR, primarily driven by domestic debt growth [9] - The current account deficit for August 2025 was reported at $245 million, showing a decrease from the previous month's revised deficit of $379 million, indicating a dependency on strong remittances and stable exports [10] - A five-year maritime action plan has been agreed upon between China and Pakistan to operate the China-Guadar-Africa shipping corridor, positioning Gwadar as a "green port" and enhancing infrastructure connections [10] - The Asian Development Bank (ADB) has highlighted that Pakistan lags behind other regional countries in digital trade opportunities, estimating Pakistan's digital trade for 2024 at $7.93 billion, significantly lower than its ASEAN counterparts [10] - The Prime Minister of Pakistan emphasized the importance of converting signed agreements from the China-Pakistan B2B meetings into binding contracts to ensure smooth Chinese investments under the China-Pakistan Economic Corridor 2.0 plan [11]