M2 rises by Rs830bn in a week

Pakistan’s broad money supply, measured by M2, increased by Rs830.33 billion in the week to October 30, reaching Rs45.15 trillion, according to data released by the State Bank of Pakistan. Despite the weekly rise, M2 remained Rs1.31 trillion below its level at the end of June 2026, when it stood at Rs46.46 trillion.

Bank deposits, excluding inter-bank, government and foreign constituents’ deposits, climbed Rs893.41 billion week on week to Rs33.54 trillion, but were down Rs929.37 billion in the current fiscal year. Currency in circulation declined Rs67.47 billion during the week to Rs11.55 trillion, and was Rs388.94 billion lower than at the end of June. M2 combines currency in circulation with specified deposits and other SBP deposits, and is also measured through the banking system’s net domestic and foreign assets.