The State Bank of Pakistan is expected to keep its policy interest rate unchanged at its upcoming monetary policy meeting due to heightened uncertainty caused by the Gulf war.Economists and analysts agree that the conflict has pushed global oil prices above $100 per barrel, impacting economies worldwide including Pakistan.Maintaining macroeconomic stability with sluggish growth remains a priority, leading policymakers to avoid altering the benchmark rate.Despite rising inflationary pressures from higher oil prices, authorities aim to keep CPI inflation within 7-8% for FY27.Recent rate adjustments show the bank has paused cuts despite calls for lower rates, prioritizing stability over growth.Banks have also been cautious with lending, favoring government securities over private sector investments.The World Bank projects Pakistan's growth at below 4% for FY27, while most stakeholders anticipate no change in policy rates.Regional developments, particularly the Gulf conflict's trajectory, will heavily influence the central bank's decision-making process.