Real interest rates in Pakistan are notably high at 8.4%, suppressing demand and diverging from a historical average of 2.5%. Bloomberg analysts predict the central bank could cut rates by another 450 bps to 15% by June 2025, although potential energy price hikes per IMF requirements may limit easing. Analysts believe Pakistan is unlikely to let the rupee depreciate by 19% as needed to stabilize external debt without import controls, suggesting a gradual lifting of restrictions and currency support instead.