M2 falls by Rs324bn in a week

Mettis Global reported that broad money, or M2, slid by Rs324.24 billion over the week to Rs44.02 trillion as of September 11, 2026. The data came from the State Bank of Pakistan (SBP). M2 has also dropped by Rs2.44 trillion since June 2026, when it stood at Rs46.46 trillion at the close of the last fiscal year.

Within the aggregate, currency in circulation rose Rs28.24 billion week on week to Rs11.81 trillion, though it has fallen Rs136.31 billion so far this fiscal year from Rs11.94 trillion at end-June. Currency in circulation now accounts for 26.82% of M2, up from 26.56% a week earlier. Total deposits with banks, by contrast, declined Rs350.72 billion on the week to Rs32.16 trillion and are down Rs2.3 trillion for the fiscal year to date.

Deposits exclude inter-bank balances and government deposits, and currency in circulation covers banknotes and coins held by the public and financial institutions. M2 is the most common definition of broad money in Pakistan, combining currency, non-government deposits and other deposits held with the SBP.