The Central Bank of Pakistan has raised its key interest rate by 100 basis points, bringing it to 11.5%. This decision was announced by the regulator on Monday and marks another step in adjusting the country's monetary policy. The new rate is up from the previous level of 10.5%.

Central banks typically adjust interest rates to manage inflation and maintain economic stability. An increase of 100 basis points means the cost of borrowing has risen by one percentage point.