Karachi, January 29, 2026 — Bank deposits in Pakistan have crossed the Rs37 trillion mark for the first time in the country’s history, underscoring strong public confidence in the banking system despite a sharp decline in key interest rates over the past year.
According to the latest data released by the State Bank of Pakistan (SBP), total bank deposits surged to an all-time high of Rs37.43 trillion by December 31, 2025. This represents a robust 23.61 percent increase compared to Rs30.28 trillion recorded in the same period last year. On a month-on-month basis, deposits rose by 5.79 percent from Rs35.38 trillion in November 2025, highlighting a steady inflow of funds into the formal banking sector.
Financial market analysts attributed the sharp rise in deposits to the resilience and stability of Pakistan’s banking system, which continues to attract savers amid economic uncertainty. Experts also noted that banks traditionally strengthen their deposit base toward the end of the calendar year to improve balance sheets and financial performance.
Notably, the surge in bank deposits occurred despite a significant reduction in the policy interest rate, which the SBP cut from 22 percent to 10.50 percent over the past year. The sharp decline in returns has made deposit profits relatively less attractive for savers.
However, market experts believe that bank deposits remain a safe and preferred investment option, particularly at a time when the stock market is witnessing record high levels and gold prices have surged to record levels. They emphasized that security of capital and consistent returns continue to drive deposit growth, reinforcing the banking sector’s role as a cornerstone of Pakistan’s financial system.