Karachi, August 28, 2025 – The State Bank of Pakistan (SBP) has reported a sharp 27% decline in its after-tax profit for the fiscal year 2024-25, reflecting a challenging financial environment.
According to the SBP’s annual financial statements released on Thursday, the central bank posted an after-tax profit of Rs2.50 trillion, compared to Rs3.42 trillion in the preceding year.
The SBP’s net interest and mark-up income stood at Rs2.595 trillion, down from Rs3.288 trillion recorded in the previous fiscal year. While commission income showed a slight increase to Rs11.242 billion, the bank faced a significant reversal in foreign exchange performance, incurring losses of Rs54.959 billion, compared to a gain of Rs186 billion a year earlier.
Despite the overall decline in profit, the SBP reported a major surge in dividend income, rising to Rs13.648 billion from just Rs665 million in FY24. On the expenditure front, costs related to banknote and prize bond printing decreased to Rs24.667 billion, while administrative expenses were reduced to Rs52.245 billion, highlighting improved cost management.
Profit before taxation was recorded at Rs2.507 trillion, compared to Rs3.422 trillion last year. The SBP also paid Rs2.27 billion in income tax, slightly lower than Rs2.56 billion in FY24.
Analysts believe the central bank’s lower profit reflects currency fluctuations, reduced mark-up income, and macroeconomic pressures, even as operational efficiencies helped contain costs.