Karachi, July 15, 2025 – In a dramatic turn for Pakistan’s financial sector, bank deposits have shattered all previous records, surging to an all-time high of Rs35.50 trillion by the close of June 2025.
The figures, released by the State Bank of Pakistan (SBP) on Tuesday, reflect a stunning monthly jump and have sparked major buzz across financial circles.
The astonishing Rs2.78 trillion increase in bank deposits during June alone — from Rs32.72 trillion in May — represents an 8.5% surge in just one month. Market analysts are calling it a fiscal-year-end phenomenon, as banks raced to showcase stronger balance sheets by June 30, the official close of FY2024-25.
Experts also link the record-breaking rise in bank deposits to budgetary measures introduced for FY2025-26, which encouraged individuals and businesses alike to shift their undeclared cash into the formal banking system. “People are parking their money into bank deposits not only for safety and returns, but to comply with stricter tax scrutiny in the return filing process,” said a Karachi-based economist.
Year-on-year, bank deposits saw a healthy 14.07% increase compared to Rs31.12 trillion recorded at the end of June 2024. Analysts believe this trend marks a growing trust in the formal financial ecosystem — at a time when fiscal policy is tightening and the government is aggressively pursuing tax compliance.
Meanwhile, other segments of the financial sector also witnessed major movement. Bank advances (loans to businesses and individuals) rose by 8.7% year-on-year, reaching Rs13.52 trillion in June 2025, up from Rs12.44 trillion. On a monthly basis, advances grew 3.8%.
More notably, banking investments — primarily in government securities — surged by an eye-popping 21.2%, hitting Rs36.57 trillion in June 2025 compared to Rs30.17 trillion a year earlier. Month-on-month, these investments rose by 5.6%, underscoring the strong appetite of banks for risk-free returns amid policy shifts.
The historic milestone in bank deposits signals a new era for Pakistan’s banking industry — where financial documentation, digital integration, and fiscal reforms are beginning to yield tangible results. With the record now set, all eyes are on how long this growth streak can be sustained.