State Bank of Pakistan reports Rs2tr profit in FY26

Mettis Global reported that the State Bank of Pakistan earned a combined net profit of Rs1.99 trillion in the year to June 30, 2026, a 20 per cent drop from Rs2.51 trillion a year earlier. Lower net interest income drove the decline, though strong foreign exchange gains and higher dividend receipts offset part of the fall. Net mark-up income fell 26 per cent to Rs1.92 trillion, while interest expense dropped 20 per cent to Rs196.83 billion.

Income from other sources showed notable resilience. An exchange gain of Rs76.40 billion replaced a loss of Rs54.96 billion recorded the year before, while dividend income climbed to Rs57.29 billion, more than four times the prior level. Commission income and other operating income also rose, lifting total gross income to Rs2.11 trillion.

Operating costs rose 13 per cent, led by general administrative expenses that increased 18 per cent to Rs61.53 billion, while printing charges for banknotes and prize bonds reached Rs29.01 billion. After a tax credit of Rs3.20 billion, profit before tax of Rs2 trillion translated into a net profit of Rs1.999 trillion. The surplus has been remitted to the Federal Government, according to an SBP press release.