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Tag: bank deposits

coins and money

Banking Sector Sees Rs 518 Billion Withdrawals After Tax Changes

August 28, 2024August 28, 2024Shahnawaz Akhter

Karachi, August 28, 2024 – The banking sector in Pakistan has experienced a seismic shift as account holders withdrew a colossal Rs 518 billion in response to recent tax amendments effective from July 1, 2024.

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Bank Deposits in Pakistan Hit Historic High at Rs 31.12 Trillion

July 19, 2024July 19, 2024Shahnawaz Akhter

Karachi, July 19, 2024 – Bank deposits in Pakistan have soared to an unprecedented Rs 31.12 trillion, as reported by the State Bank of Pakistan (SBP) on Friday. This marks a significant 22 percent increase from the Rs 25.51 trillion recorded at the end of June 2023.

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coins and money

Bank Deposits of Private Sector Surge by 13.50% in FY24

July 16, 2024July 16, 2024Shahnawaz Akhter

Karachi, July 16, 2024 – The State Bank of Pakistan (SBP) has reported a significant surge of 13.50% in bank deposits from the private sector during the fiscal year 2023-24, marking a notable increase from the previous year.

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Bank Deposits in Pakistan Hit Record High at Rs 28.42 Trillion

May 20, 2024May 20, 2024Shahnawaz Akhter

Karachi, May 20, 2024 – Bank deposits in Pakistan have soared to an unprecedented high, reaching Rs 28.42 trillion by the end of April 2024, according to official data released on Monday.

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state bank of pakistan 03

Bank Deposits in Pakistan Cross Rs28 Trillion, Making New High

April 18, 2024April 18, 2024Shahnawaz Akhter

Karachi, April 18, 2024 – In a historic milestone for Pakistan’s financial landscape, bank deposits have soared to unprecedented levels, surpassing the Rs 28 trillion mark for the first time in history.

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State Bank of Pakistan 04

Bank Deposits of Salary Persons Jump by 25% to Rs 3.77 Trillion

March 14, 2024March 14, 2024Shahnawaz Akhter

Karachi, March 14, 2024 – In response to challenging economic conditions, bank deposits held by salary earners have surged by an impressive 25 percent, reaching a staggering Rs 3.77 trillion by the end of February 2024, according to official data released on Thursday.

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coins and money

Bank Deposits Soar to Historic High of Rs 27.89 Trillion in Pakistan

March 12, 2024March 12, 2024Shahnawaz Akhter

Karachi, March 12, 2024 – Official data released on Tuesday reveals that bank deposits in Pakistan have surged to an unprecedented high of Rs 27.89 trillion by the end of February 2024.

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Bank Deposits Reach Rs 27.54 Trillion, Marking 21% YoY Growth

February 26, 2024February 27, 2024Shahnawaz Akhter

Karachi, February 26, 2024 – The State Bank of Pakistan (SBP) reported a significant surge in bank deposits, reaching a staggering Rs 27.54 trillion by the end of January 2024, marking a substantial 21% year-on-year growth.

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State Bank of Pakistan Report

Salaried Persons Bank Deposits Surge by Over 20% in 2023

January 16, 2024January 16, 2024Shahnawaz Akhter

Karachi, January 16, 2024 – Salaried persons in Pakistan have shown a remarkable inclination towards the banking system, as their deposits experienced a substantial surge of over 20 percent in the year 2023.

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Bank Deposits Reach Historic High of Rs 27.84 Trillion in Pakistan

January 15, 2024January 15, 2024Shahnawaz Akhter

Karachi, January 15, 2024 – In a remarkable turn of events, bank deposits in Pakistan have achieved an unprecedented milestone, reaching a historic high of Rs 27.84 trillion by the end of December 2023, as reported by the State Bank of Pakistan (SBP) on Monday.

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