M2 rises by Rs942bn in a week

Broad money in Pakistan, measured as M2, rose by Rs941.5 billion week on week, reaching Rs45.16 trillion by October 2, 2026, according to data Mettis Global cited from the State Bank of Pakistan. Total deposits held with banks climbed Rs922.01 billion over the same week to Rs33.52 trillion, though they are still Rs952.96 billion lower fiscal year to date. M2 stands Rs1.3 trillion below the Rs46.46 trillion seen at the close of the previous fiscal year.

Currency in circulation rose by Rs16.54 billion week on week to Rs11.59 trillion, but it is Rs349.87 billion lower than the level of Rs11.94 trillion at the close of the previous fiscal year. Its share of M2 eased to 25.67 per cent from 26.18 per cent a week earlier.

M2 is measured on the liability side as currency in circulation, deposits from the non-government sector, among them residents' foreign currency accounts, and other deposits with the SBP. On the asset side, the total equals the banking system's domestic and foreign net holdings, covering the SBP and scheduled banks.