M2 falls by Rs273bn in a week

Broad money supply in Pakistan, known as M2, contracted by Rs273.29 billion week on week to Rs44.05 trillion as of August 07, 2026, according to figures published by the State Bank of Pakistan. Mettis Global reported that the total is Rs2.41 trillion below its June 2026 level, when it stood at Rs46.46 trillion at the close of the last fiscal year.

Currency in circulation, the banknotes and coins held by the public and financial institutions, rose Rs173.6 billion over the week to Rs11.95 trillion. Since the start of the fiscal year it has increased by Rs12.08 billion from Rs11.94 trillion at the end of June. Its share of M2 reached 27.14 per cent, up from 26.58 per cent a week earlier.

Bank deposits moved the other way, with total deposits held with banks at Rs32.05 trillion after a weekly decline of Rs446.96 billion. The fiscal year to date shows a further fall of Rs2.42 trillion in deposits. These deposit figures exclude interbank deposits, government deposits and deposits from foreign constituents.