Money supply nudges higher to Rs49.5tr in August

Pakistan's total money supply, measured as M3, edged up in August 2026, according to provisional State Bank of Pakistan data reported by Mettis Global. The figure reached Rs49.45 trillion, compared with Rs49.35 trillion in July and Rs44.38 trillion a year earlier. That works out to a 0.21% rise month-on-month and an 11.43% increase year-on-year, partly recovering July's contraction.

Narrow money, known as M1, rose to Rs39.56 trillion, lifted by a 0.78% monthly gain in transferable deposits to Rs27.95 trillion. That offset a 1.25% decline in notes in circulation, which fell to Rs11.61 trillion. Other deposits inched up to Rs6.14 trillion, while National Savings Schemes balances grew 0.90% to Rs3.72 trillion.

Deposits held with post offices slipped 1.33% to Rs25.99 billion, while coins in circulation dropped to Rs9.12 billion from Rs9.41 billion in July. The figures are provisional and come from State Bank of Pakistan data.