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Pakistan’s total money supply rose to Rs 46.5 trillion by December 2025, according to provisional monetary aggregate data released by the State Bank of Pakistan (SBP).
The latest figure marks an increase from Rs 45.19 trillion in November 2025 and Rs 40.21 trillion in December 2024, showing a 2.9% month-on-month rise and a 15.64% increase on a year-on-year basis.
A breakdown of the data shows that currency in circulation as notes stood at Rs 10.85 trillion, while transferable deposits amounted to Rs 25.16 trillion. Transferable deposits include all deposits that can be withdrawn on demand without penalties or restrictions.
The SBP data indicates that currency held as notes rose by 0.85% on a monthly basis and 19.73% compared to the same period last year. Pakistan continues to record a relatively high level of cash usage, reflecting the size of its informal economy and increased cash withdrawals by depositors amid persistent inflationary pressures.
Meanwhile, other deposits reached Rs 6.97 trillion in December, registering a 7% month-on-month increase. These deposits include all claims other than transferable deposits, held in either national or foreign currency.
Coins in circulation remained largely unchanged, standing at Rs 9.33 billion in December 2025, compared to Rs 9.315 billion in November and Rs 9.15 billion in December 2024.
