2.

1 Central Bank Survey

(Million Rupees)
2020 2021 2022
ITEMS FY19 FY20 FY21
R
Dec Jan Oct Nov Dec Jan P

Net Foreign Assets (653,319) 443,767 1,503,419 786,784 786,929 1,175,255 1,011,213 1,374,270 1,192,376

Claims on nonresidents 2,431,558 3,407,727 3,982,287 3,476,637 3,396,667 4,321,006 4,211,725 4,539,056 4,329,503
a) Monetary Gold, Coin and Bullion 468,625 617,495 577,356 626,999 620,126 631,205 659,028 667,770 659,413
b) Holdings of SDRs 55,564 29,540 60,776 16,229 16,222 531,911 532,775 539,753 532,031
c) Foreign currency 78,271 63,690 20,707 23,118 23,156 22,956 25,336 16,209 11,523
d) Deposits 1,190,376 2,036,193 2,597,112 2,014,435 2,004,728 2,020,575 1,910,397 2,353,225 2,155,255
e) Securities other than shares (Foreign) 165,125 178,688 270,081 325,897 262,463 620,612 583,036 455,438 471,673
f) Loans - - - - - - - - -
g) Financial derivatives 3,627 272 516 - 13 5 9 386 8
h) Other 469,969 481,849 455,740 469,959 469,959 493,741 501,145 506,276 499,600
Of which: Quota-IMF 460,388 469,863 455,739 469,958 469,958 493,740 501,144 506,275 499,599
less: Liabilities to nonresidents 3,084,877 2,963,960 2,478,869 2,689,853 2,609,738 3,145,751 3,200,511 3,164,787 3,137,127
a) Deposits 1,005,011 971,458 429,304 600,544 435,178 466,431 478,433 481,677 478,273
b) Securities other than shares 1,384,929 1,286,378 1,077,724 1,196,255 1,194,884 1,128,410 1,145,330 1,105,843 1,090,143
c) Loans .. .. - .. - - .. .. -
d) Financial derivatives 469,398 476,723 748,494 664,925 751,646 836,993 853,915 844,965 846,888
e) Other 225,539 229,401 223,346 228,129 228,030 713,917 722,833 732,302 721,823
Claims on Other Depository Corporations 1,500,098 1,834,014 3,126,762 2,106,529 2,223,641 3,212,380 3,230,243 3,292,492 3,938,654
Net claims on General Government 6,668,508 6,536,002 5,314,188 5,931,733 5,906,684 5,381,738 5,860,426 5,288,465 5,097,874
Net claims on Central Government 6,816,298 6,753,900 5,700,118 6,386,612 6,420,165 6,144,955 6,674,056 6,129,960 5,981,867
Claims on Central Government 7,802,574 7,318,853 6,730,115 7,017,426 7,025,013 6,625,999 7,152,797 6,685,728 6,703,647
a) Securities other than Shares 7,762,570 7,276,775 6,687,707 6,975,812 6,983,864 6,584,104 6,632,248 6,158,373 6,183,160
b) Other claims 40,004 42,078 42,407 41,614 41,150 41,895 520,548 527,355 520,486
less: Liabilities to Central Government 986,276 564,953 1,029,997 630,813 604,848 481,044 478,741 555,768 721,779
a) Deposits 986,276 564,953 1,029,997 630,813 604,848 481,044 478,741 555,768 721,779
b) Other liabilities - - - - - - - - -
Net claims on Provincial Governments (147,790) (217,898) (385,929) (454,879) (513,481) (763,218) (813,630) (841,495) (883,993)
Claims on Provincial and Local Governments 3,691 21,688 296 1,349 296 296 296 296 296
a) Securities other than Shares - - - - - - - - -
b) Other claims 3,691 21,688 296 1,349 296 296 296 296 296
less: Liabilities to Provincial and Local governments 151,481 239,586 386,225 456,228 513,777 763,514 813,926 841,790 884,289
a) Deposits 151,481 239,586 386,225 456,228 513,777 763,514 813,926 841,790 884,289
b) Other liabilities - - - - - - - - -
Claims on other sectors 26,090 25,663 29,556 25,728 26,833 29,778 29,733 30,449 30,549
a) Other financial corporations 4,359 4,754 4,714 4,447 4,499 4,786 4,809 4,845 4,764
b) Public non-financial corporations 105 36 43 30 34 34 40 33 38
c) Other non-financial corporations - - - - - - - - -
d) Other resident sectors 21,626 20,873 24,799 21,251 22,300 24,958 24,883 25,571 25,747
Monetary base (1+2+3+4) 6,533,695 7,651,864 8,609,080 7,645,129 7,711,327 8,492,263 8,779,160 8,641,816 8,695,924
1) Currency in Circulation 5,285,026 6,458,763 7,278,860 6,543,806 6,678,048 7,397,447 7,423,234 7,325,533 7,391,728
2) Liabilities to Other Depository Corporations 1,244,978 1,168,496 1,326,605 1,097,645 1,028,997 1,091,821 1,349,030 1,301,028 1,287,464
Reserve deposits 1,244,978 1,168,496 1,326,605 1,097,645 1,028,997 1,091,821 1,349,030 1,301,028 1,287,464
Other liabilities - - - - - - - - -

10
 2.1 Central Bank Survey
(Million Rupees)
2020 2021 2022
ITEMS FY19 FY20 FY21
R
Dec Jan Oct Nov Dec Jan P

3) Deposits included in broad money 3,692 24,605 3,615 3,678 4,282 2,996 6,896 15,255 16,731
Transferable deposits 1,438 1,455 2,231 2,310 2,977 1,170 1,170 1,173 1,239
a) Other financial corporations 63 75 15 40 35 13 13 14 13
b) Public non-financial corporations - - - - - - - - -
c) Other non-financial corporations 157 158 150 173 848 161 161 161 228
d) Other resident sectors 1,218 1,222 2,066 2,097 2,093 996 996 997 998
Other deposits 2,254 23,150 1,384 1,368 1,305 1,825 5,725 14,083 15,493
a) Other financial corporations 1,651 2,914 770 827 824 1,032 949 982 1,184
b) Public non-financial corporations - - - - - - - - -
c) Other non-financial corporations - - - - - - - - -
d) Other resident sectors 602 20,236 615 541 481 793 4,776 13,101 14,308
4) Securities other than shares included in broad money - - - - - - - - -
a) Other financial corporations - - - - - - - - -
b) Public non-financial corporations - - - - - - - - -
c) Other non-financial corporations - - - - - - - - -
d) Other resident sectors - - - - - - - - -
Deposits excluded from broad money 67,332 74,886 82,076 74,416 74,273 83,115 83,232 83,696 83,423
Of which: Other financial corporations - - - - - - - - -
Securities other than shares excluded from broad money - - - - - - - - -
Of which: Other financial corporations - - - - - - - - -
Loans - - 135,051 - - - - 30,000 -
Of which: Other financial corporations - - - - - - - - -
Financial derivatives - - - - - - - - -
Of which: Other financial corporations - - - - - - - - -
Trade credit and advances - - - - - - - - -
Of which: Other financial corporations - - - - - - - - -
Shares and Other equity 743,141 1,085,592 1,183,396 1,350,021 1,407,206 1,319,167 1,398,750 1,445,814 1,528,182
a) Funds contributed by owners 100 100 100 100 100 100 100 100 100
b) Retained earnings 6,941 152,767 161,721 383,199 447,256 248,649 300,410 337,004 427,730
c) General & special reserves 112,538 167,413 261,017 167,413 167,413 261,017 261,017 261,017 261,017
d) Valuation adjustment 623,562 765,311 760,559 799,309 792,436 809,400 837,223 847,693 839,336
Other items (net) 197,208 27,104 (35,679) (218,792) (248,720) (95,395) (129,527) (215,650) (48,076)
Other liabilities 394,703 207,740 192,122 240,550 202,006 192,293 169,447 207,896 375,039
Less: Other Assets 197,495 180,636 227,801 459,341 450,726 287,688 298,974 423,547 423,115
Source: Statistics & Data Warehouse Department SBP
Note :
1. The table shows monetary statistics of the Central Bank (State Bank of Pakistan) according to the guidelines of IMF Monetary and Financial Statistics Manual (MFSM 2000).
Compilation methodology is available at: http://www.sbp.org.pk/departments/Guidelines.htm
2. General Government includes Central and Provincial Government & Provincial Governments includes Provincial and Local Governments
3. Note Explaining major changes is available at: http://www.sbp.org.pk/departments/stats/ntb.htm
4. The claims on Indian Government are reclassified as Other Assets in line with changes in SBP Statement of Affairs from July 2020.
Archive link: http://www.sbp.org.pk/ecodata/AnaAccArc.xls

11
 2.2 Other Depository Corporations Survey
(Million Rupees)
2020 2021 2022
ITEMS FY19 FY20 FY21
Dec Jan Oct Nov Dec R Jan P
Net Foreign Assets (180,417) (208,786) (186,246) 65,877 72,806 (255,682) (313,852) (285,076) (187,117)
Claims on nonresidents 604,432 603,425 669,234 811,087 822,965 713,521 695,622 737,479 842,139
a) Foreign currency 59,945 67,102 56,997 83,703 83,292 54,400 56,099 52,146 50,922
b) Deposits 162,224 181,346 210,303 308,940 320,119 231,592 195,328 226,725 314,578
c) Securities other than shares 156,463 121,658 180,153 150,608 158,046 189,669 209,411 218,574 216,994
d) Loans 440 3,574 3,325 29,045 32,265 3,255 2,657 3,570 13,843
e) Financial derivatives 2,869 970 569 1,643 996 1,217 700 1,005 565
f) Shares & other equity 217,233 221,967 211,421 230,562 221,504 226,613 224,530 228,064 237,387
g) Other 5,258 6,808 6,466 6,586 6,744 6,775 6,897 7,395 7,852
less: Liabilities to nonresidents 784,848 812,211 855,480 745,210 750,159 969,203 1,009,474 1,022,555 1,029,256
a) Deposits 249,754 309,856 411,652 354,785 356,518 476,980 480,525 506,766 505,894
b) Securities other than shares - - - - - - - - -
c) Loans 520,753 487,075 431,904 378,550 382,836 477,952 516,596 503,746 511,304
d) Financial derivatives 3,378 2,409 1,607 517 480 1,206 1,597 1,294 1,359
e) Other 10,963 12,871 10,317 11,359 10,326 13,065 10,756 10,749 10,699
Claims on Central bank 1,733,741 1,510,675 1,840,586 1,518,205 1,372,115 1,460,410 1,733,323 1,718,328 1,687,693
a) Currency 349,590 331,789 384,594 351,702 311,879 353,732 368,743 362,614 377,191
b) Reserve deposits 1,253,753 1,155,088 1,316,404 1,103,088 1,032,039 1,097,440 1,345,209 1,309,838 1,294,607
c) Other claims 130,397 23,799 139,588 63,415 28,196 9,238 19,371 45,876 15,895
Net Claims on General Government 5,822,118 8,649,304 11,554,162 9,510,575 9,476,199 11,576,541 11,256,279 11,735,606 12,101,527
Net claims on Central Government 6,137,617 9,079,627 12,012,537 10,007,397 9,988,547 12,057,659 11,803,339 12,311,871 12,709,097
Claims on Central Government 7,384,672 10,470,435 13,698,802 11,412,021 11,401,243 13,836,929 13,625,156 14,198,268 14,596,152
a) Securities other than Shares 7,116,683 10,190,150 13,403,715 11,128,879 11,122,120 13,531,677 13,277,949 13,827,291 14,238,850
b) Other claims 267,989 280,285 295,087 283,143 279,123 305,252 347,207 370,977 357,302
less: Liabilities to Central Government 1,247,054 1,390,808 1,686,265 1,404,624 1,412,696 1,779,271 1,821,817 1,886,397 1,887,055
a) Deposits 1,247,054 1,390,808 1,686,265 1,404,624 1,412,696 1,779,271 1,821,817 1,886,397 1,887,055
b) Other liabilities - - - - - - - - -
Net claims on Provincial Governments (315,499) (430,323) (458,375) (496,822) (512,348) (481,117) (547,060) (576,265) (607,570)

Claims on Provincial Governments 565,321 627,236 718,014 556,653 550,688 702,584 662,719 624,701 595,912

a) Securities other than Shares .. .. .. .. .. .. .. .. ..

b) Other claims 565,321 627,236 718,014 556,653 550,688 702,583 662,719 624,701 595,911
less: Liabilities to Provincial
880,820 1,057,559 1,176,389 1,053,474 1,063,036 1,183,701 1,209,779 1,200,966 1,203,482
Governments
a) Deposits 871,915 1,050,685 1,169,521 1,046,607 1,056,120 1,176,823 1,202,848 1,193,087 1,202,249
b) Other liabilities 8,905 6,874 6,868 6,867 6,917 6,878 6,931 7,879 1,233
Claims on other sectors 8,323,196 8,602,896 9,257,033 8,890,849 8,885,394 9,708,789 9,966,708 10,480,880 10,292,730
a) Other financial corporations 99,030 91,901 115,302 100,848 101,913 131,411 137,186 151,613 139,876
b) Public non-financial corporations 1,581,154 1,727,878 1,666,059 1,690,742 1,719,238 1,721,205 1,756,283 1,789,375 1,764,906
c) Other non-financial corporations 5,224,698 5,374,610 5,933,575 5,553,238 5,537,541 6,241,017 6,462,940 6,892,903 6,746,133
d) Other resident sectors 1,418,315 1,408,507 1,542,098 1,546,021 1,526,702 1,615,156 1,610,298 1,646,988 1,641,816

12
 2.2 Other Depository Corporations Survey
(Million Rupees)
2020 2021 2022
ITEMS FY19 FY20 FY21
Dec Jan Oct Nov Dec R Jan P

Liabilities to central bank 1,380,753 1,771,900 3,081,857 2,078,070 2,172,046 3,171,386 3,201,905 3,275,572 3,919,012
Deposits included in broad money(1+2) 12,511,977 14,499,736 16,783,188 15,399,963 15,050,721 16,590,772 16,862,612 17,732,178 17,170,533
1) Transferable deposits 9,470,778 11,077,237 12,911,117 11,757,013 11,560,989 12,856,956 13,072,536 13,479,428 13,188,461
a) Other financial corporations 230,162 369,567 364,165 299,320 241,385 371,278 363,475 509,983 440,545
b) Public non-financial corporations 383,870 543,548 613,874 519,394 542,030 695,119 731,366 566,180 606,673
c) Other non-financial corporations 2,517,224 3,182,727 3,798,687 3,393,807 3,277,924 3,641,820 3,732,523 3,896,524 3,740,037
d) Other resident sectors 6,339,522 6,981,395 8,134,392 7,544,492 7,499,649 8,148,740 8,245,171 8,506,742 8,401,205
2) Other deposits 3,041,199 3,422,499 3,872,072 3,642,950 3,489,732 3,733,816 3,790,076 4,252,750 3,982,072
a) Other financial corporations 98,038 78,927 132,956 100,183 88,995 87,701 91,084 138,269 106,278
b) Public non-financial corporations 494,185 591,289 688,187 666,433 632,612 739,581 750,816 808,527 765,222
c) Other non-financial corporations 887,278 992,225 1,290,135 1,187,349 1,109,418 1,164,774 1,167,896 1,372,448 1,170,406
d) Other resident sectors 1,561,698 1,760,058 1,760,793 1,688,984 1,658,707 1,741,759 1,780,280 1,933,506 1,940,166
Securities other than shares, included in
16 18 18 18 18 18 18 18 18
broad money
a) Other financial corporations 13 14 15 14 15 15 15 15 15
b) Public non-financial corporations - - - - - - - - -
c) Other non-financial corporations 3 3 3 3 3 3 3 3 3
d) Other resident sectors - - - - - - - - -
Deposits excluded from broad money - - - - - - - - -
Of which: Other financial corporations - - - - - - - - -
Securities other than shares, excluded
36,745 39,072 40,843 36,619 37,546 42,004 42,126 38,120 38,130
from broad money
Of which: Other financial corporations 19,053 20,306 22,014 19,346 19,281 24,414 24,489 24,202 24,159
Loans 15,257 28,145 29,582 30,507 36,209 67,844 82,709 40,998 76,160
Of which: Other financial corporations 6,628 19,990 21,609 22,534 28,236 59,871 74,737 33,025 68,187
Financial derivatives 10,259 6,447 4,771 5,420 5,203 5,966 6,281 6,340 6,208
Of which: Other financial corporations .. - .. - 0 - - - -
Trade credit and advances 73 27 35 35 34 67 86 57 91
Of which: Other financial corporations - - - - - - - - -
Shares and other equity 1,719,972 2,059,473 2,104,518 2,104,478 2,123,759 2,121,007 2,081,693 2,142,150 2,223,239
a) Funds contributed by owners 633,292 651,811 666,580 656,343 670,390 674,708 680,616 675,995 677,089
b) Retained earnings 500,105 600,195 686,226 715,269 696,320 707,693 746,504 777,957 791,237
c) General and special reserves 439,292 484,743 532,032 493,945 508,497 540,563 539,977 568,731 590,327
d) Valuation adjustment 147,282 322,725 219,680 238,921 248,552 198,043 114,596 119,467 164,586
Other items (net) 23,733 149,325 420,793 330,466 381,047 491,129 365,199 414,417 461,625
Other liabilities 1,741,724 2,082,865 2,293,990 2,184,804 2,222,300 2,427,042 2,433,282 2,535,896 2,536,432
less: Other assets 1,673,745 1,809,106 1,910,138 1,827,063 1,847,891 2,004,707 2,048,811 2,091,877 2,105,564
plus: Consolidation adjustment (44,245) (124,433) 36,942 (27,275) 6,638 68,794 (19,271) (29,602) 30,757
Source: Statistics & Data Warehouse Department SBP
Note:
1. Other Depository Corporations (ODCs) include the data of Banks, DFIs, MFBs, Deposit Accepting Non-Bank Financial Companies and Money Market Mutual Funds
(MMMFs). The scope of ODCs survey has been enhanced with the inclusion of MMMFs with effect from April 2017. The archive of the ODCs including MMMFs has
been prepared from July 2012. Therefore, the estimates are not comparable with Analytical Accounts of Banking Sector (up to June 2008 prepared under money &
banking guide and up to June 2012 prepared under MFSM) and monetary aggregates of weekly monetary survey based on data of SBP and Scheduled Banks
2. From July 2019, data on central and provincial government deposits with scheduled banks have been revised. This revision is due to reclassification of some of the PSEs,
which were provisionsly reported under Government deposits. The coverage of PSEs has been increased. Details are available at:
http://www.sbp.org.pk/ecodata/MFSM_Other_Depository.pdf
3. General Government includes Central and Provincial Government & Provincial Governments includes Provincial and Local Governments
4. Islamic Financings, Advances (against Murabaha etc) and other related items previously reported under Other Assets has been reclassified as domestic claims / credit
from June 2014. Details of reclassifications/revisions are available in revision study on SBP website at: www.sbp.org.pk/ecodata/Revision_Monetary_Stats.pdf
Archive Link: http://www.sbp.org.pk/ecodata/AnaAccDepArch.xls

13
 2.3 Depository Corporations Survey
(Million Rupees)
2020 2021 2022
ITEMS FY19 FY20 FY21 R
Dec Jan Oct Nov Dec R Jan P
Net Foreign Assets (833,736) 234,982 1,317,172 852,661 859,735 919,573 697,362 1,089,193 1,005,259
Claims on nonresidents 3,035,989 4,011,152 4,651,521 4,287,725 4,219,633 5,034,527 4,907,347 5,276,535 5,171,643
less: Liabilities to nonresidents 3,869,725 3,776,170 3,334,349 3,435,063 3,359,898 4,114,954 4,209,985 4,187,342 4,166,383
Domestic claims (a+b) 20,839,912 23,813,865 26,154,940 24,358,885 24,295,110 26,696,845 27,113,144 27,535,400 27,522,680
a. Net Claims on general government (1+2) 12,490,626 15,185,307 16,868,351 15,442,308 15,382,883 16,958,279 17,116,704 17,024,071 17,199,401
1- Net claims on central government 12,953,916 15,833,527 17,712,655 16,394,009 16,408,712 18,202,614 18,477,394 18,441,830 18,690,965
Claims on central government 15,187,246 17,789,288 20,428,916 18,429,447 18,426,257 20,462,929 20,777,953 20,883,996 21,299,799
less: Liabilities to central government 2,233,330 1,955,761 2,716,262 2,035,438 2,017,545 2,260,315 2,300,559 2,442,166 2,608,834
2-Net claims on provincial governments (463,289) (648,221) (844,304) (951,701) (1,025,829) (1,244,335) (1,360,690) (1,417,759) (1,491,563)
Claims on provincial governments 569,012 648,924 718,310 558,001 550,984 702,879 663,015 624,997 596,207
less: Liabilities to provincial governments 1,032,301 1,297,145 1,562,614 1,509,702 1,576,813 1,947,214 2,023,705 2,042,757 2,087,771
b. Claims on other sectors 8,349,286 8,628,559 9,286,589 8,916,577 8,912,227 9,738,566 9,996,440 10,511,329 10,323,279
Other financial corporations 103,389 96,655 120,016 105,295 106,412 136,197 141,996 156,458 144,639
Public non-financial corporations 1,581,258 1,727,914 1,666,102 1,690,771 1,719,272 1,721,239 1,756,324 1,789,408 1,764,944
Other non-financial corporations 5,224,698 5,374,610 5,933,575 5,553,238 5,537,541 6,241,017 6,462,940 6,892,903 6,746,133
Other resident sectors 1,439,941 1,429,380 1,566,896 1,567,272 1,549,002 1,640,113 1,635,181 1,672,559 1,667,564
Broad money liabilities (a+b+c+d) 17,451,119 20,651,333 23,681,087 21,595,762 21,421,189 23,637,501 23,924,017 24,710,370 24,201,819
a. Currency outside depository corporations 4,935,435 6,126,974 6,894,266 6,192,104 6,366,169 7,043,715 7,054,491 6,962,919 7,014,537
b. Transferable deposits 9,472,216 11,078,692 12,913,348 11,759,323 11,563,966 12,858,126 13,073,706 13,480,601 13,189,700
Other financial corporations 230,225 369,642 364,179 299,360 241,421 371,291 363,489 509,997 440,559
Public non-financial corporations 383,870 543,548 613,874 519,394 542,030 695,119 731,366 566,180 606,673
Other non-financial corporations 2,517,381 3,182,885 3,798,837 3,393,980 3,278,773 3,641,981 3,732,684 3,896,685 3,740,265
Other resident sectors 6,340,740 6,982,617 8,136,458 7,546,589 7,501,742 8,149,736 8,246,167 8,507,739 8,402,203
less: Central bank float - - - - - - - - -
c. Other Deposits 3,043,453 3,445,649 3,873,456 3,644,318 3,491,037 3,735,641 3,795,801 4,266,833 3,997,564
Other financial corporations 99,689 81,841 133,726 101,010 89,819 88,734 92,033 139,251 107,462
Public non-financial corporations 494,185 591,289 688,187 666,433 632,612 739,581 750,816 808,527 765,222
Other non-financial corporations 887,278 992,225 1,290,135 1,187,349 1,109,418 1,164,774 1,167,896 1,372,448 1,170,406
Other resident sectors 1,562,300 1,780,294 1,761,408 1,689,525 1,659,188 1,742,552 1,785,055 1,946,606 1,954,474
d. Securities other than shares included in
16 18 18 18 18 18 18 18 18
broad money
Other financial corporations 13 14 15 14 15 15 15 15 15
Public non-financial corporations - - - - - - - - -
Other non-financial corporations 3 3 3 3 3 3 3 3 3
Other resident sectors - - - - - - - - -
Deposits excluded from broad money 67,332 74,886 82,076 74,416 74,273 83,115 83,232 83,696 83,423
of which: Other financial corporations - - - - - - - - -
Securities other than shares excluded from
36,745 39,072 40,843 36,619 37,546 42,004 42,126 38,120 38,130
broad money
of which: Other financial corporations 19,053 20,306 22,014 19,346 19,281 24,414 24,489 24,202 24,159
Loans 15,257 28,145 29,582 30,507 36,209 67,844 82,709 40,998 76,160
of which: Other financial corporations 6,628 19,990 21,609 22,534 28,236 59,871 74,737 33,025 68,187
Financial Derivatives 10,259 6,447 4,771 5,420 5,203 5,966 6,281 6,340 6,208
of which: Other financial corporations .. - .. - .. - - - -
Trade credit & advances 73 27 35 35 34 67 86 57 91
of which: Other financial corporations - - - - - - - - -
Shares & other equity 2,463,113 3,145,065 3,287,914 3,454,500 3,530,964 3,440,173 3,480,443 3,587,964 3,751,422
Other items (net) (37,576) 103,925 345,873 14,357 49,495 339,882 191,784 157,160 370,869
Other liabilities (includes central bank float) 2,136,426 2,290,604 2,486,112 2,425,354 2,424,307 2,619,335 2,602,728 2,743,792 2,911,471
less: Other assets 1,871,240 1,989,742 2,137,940 2,286,405 2,298,617 2,292,395 2,347,785 2,515,424 2,528,679
plus: Consolidation adjustment (302,762) (196,938) (2,299) (124,592) (76,195) 12,942 (63,159) (71,208) (11,923)

Source: Statistics & Data Warehouse Department SBP

Note:
1. Depository Corporations (DCs) include the data of SBP, Banks, DFIs, MFBs, Deposit Accepting Non-Bank Financial Companies and Money Market Mutual Funds
(MMMFs). The scope of DCs survey has been enhanced with the inclusion of MMMFs with effect from April 2017. The archive of the DCs including MMMFs has been
prepared from July 2012. Therefore, the estimates are not comparable with Analytical Accounts of Banking Sector (up to June 2008 prepared under money & banking
guide and up to June 2012 .prepared under MFSM) and monetary aggregates of weekly monetary survey based on data of SBP and Scheduled Banks. Methodological
changes are given at the following links: http://www.sbp.org.pk/departments/stats/ntb.htm
2. Islamic Financings, Adavances (against Murabaha etc) and Other related items previously reported under Other Assets has been reclassified as domestic claims / credit
from June 2014. Details of reclassifications/revisions are available in revision study on SBP website at : www.sbp.org.pk/ecodata/Revision_Monetary_Stats.pdf
3. The claims on Indian Government are reclassified as Other Assets in line with changes in SBP Statement of Affairs from July 2020.
Archive Link: http://www.sbp.org.pk/ecodata/DepositoryArch.xls

14
 2.4 Reserve Money
(Million Rupees)
30th June 2020 2021 2022
Components
FY19 FY20 FY21 Dec Jan Oct Nov Dec Jan

A. Currency in Circulation 4,950,039 6,142,016 6,909,937 6,206,488 6,363,765 7,040,637 7,104,201 6,979,636 7,064,883
B. Cash in Tills 343,516 325,508 378,302 346,318 323,031 366,160 338,678 355,243 338,158
C. Other Deposits 33,636 41,218 68,004 57,670 55,971 67,448 71,286 86,066 84,160
D. Bank Deposits 1,246,239 1,171,104 1,307,242 1,081,088 1,014,132 1,074,958 1,176,832 1,283,363 1,235,939
Reserve Money (A+B+C+D) 6,573,429 7,679,845 8,663,485 7,691,564 7,756,899 8,549,203 8,690,998 8,704,307 8,723,141
Factor affecting Reserve Money (RM)
A. Net Foreign Assets (1,127,203) (181,347) 930,509 164,156 171,176 548,494 372,633 710,942 369,122
B. Net Domestic Assets (1+2+3) 7,700,632 7,861,192 7,732,976 7,527,408 7,585,723 8,000,708 8,318,365 7,993,365 8,354,019
1. Net Govt Sector Borrowing (i+ii) 6,675,650 6,524,286 5,320,146 5,939,467 5,916,538 5,392,589 5,724,592 5,292,117 4,984,014
i. Borrowings for Budgetary Support 1 6,691,870 6,538,797 5,332,490 5,952,896 5,928,361 5,405,638 5,737,889 5,304,846 4,995,021
a) Federal Government 6,833,275 6,750,123 5,712,275 6,395,706 6,432,040 6,159,077 6,569,359 6,137,519 5,818,102
of which deposits with SBP (967,305) (565,997) (1,016,725) (616,694) (590,426) (466,209) (576,429) (539,821) (872,668)
b) Provincial Government (127,135) (192,737) (346,850) (405,760) (462,844) (691,859) (765,536) (766,373) (764,583)
Balochistan (19,072) (39,105) (37,307) (77,684) (78,762) (68,400) (80,863) (88,937) (83,711)
Khyber Pakhtunkhwa (16,983) (8,321) (31,540) (31,614) (38,462) (30,648) (36,362) (23,340) (21,519)
Punjab (70,339) (81,570) (207,104) (213,045) (263,353) (466,341) (505,541) (507,868) (507,947)
Sindh (20,741) (63,741) (70,899) (83,418) (82,267) (126,470) (142,769) (146,228) (151,406)
c) AJK Government (97) (5,047) (12,368) (17,655) (20,572) (19,735) (26,964) (25,274) (23,826)
d) Gilgit-Baltistan (14,174) (13,543) (20,566) (19,395) (20,263) (41,844) (38,970) (41,026) (34,672)
ii. Others (16,220) (14,510) (12,344) (13,429) (11,822) (13,050) (13,297) (12,729) (11,007)
2. Credit to Non-Govt. Sector (i+ii+iii) 694,966 895,663 1,313,779 1,216,811 1,213,720 1,400,702 1,434,954 1,482,942 1,504,854
i. Claims on Sch. Banks (a+b+c+d+e) 682,889 876,619 1,265,198 1,194,113 1,190,323 1,349,989 1,383,650 1,430,812 1,452,437
a. Agriculture Sector 1,279 1,972 3,865 2,621 2,926 4,352 4,346 4,457 4,529
b. Industrial Sector 150,030 191,951 413,636 281,961 294,911 517,621 544,300 583,755 608,732
c. Export Sector 386,843 528,035 589,340 572,644 567,954 622,897 646,361 668,072 669,904
d. Housing Sector - - - - - - - - -
e. Others 144,737 154,661 258,357 336,887 324,532 205,119 188,643 174,528 169,272
ii. Claims on NBFIs 36,321 43,288 72,825 46,942 47,641 74,957 75,548 76,374 76,661
iii. PSEs Special A/C Debt Repayment
(24,244) (24,244) (24,244) (24,244) (24,244) (24,244) (24,244) (24,244) (24,244)
with SBP/PSPC
3. Other Items (Net) 330,016 441,243 1,099,050 371,129 455,465 1,207,418 1,158,819 1,218,307 1,865,151

Reserve Money(RM) (A+B) 6,573,429 7,679,845 8,663,485 7,691,563 7,756,899 8,549,203 8,690,998 8,704,307 8,723,141
Source: Statistics & Data Warehouse Department SBP
Note:-
1. Excluding IMF A/c Nos. 1 & 2, SAF loan account, counterpart funds, deposits of foreign central banks, foreign govts, international organizations and deposit money banks.
i - Data is based on weekly returns. The quarterly data covers the period up to the last working day of the month and others months data up to the last working day of last week.
ii- Data from 30-June 2013 onward is revised on account of reclassification of SBP accounts

2.5 Currency in Circulation

( Million Rupees )
30th June 2020 2021 2022
FY19 FY20 FY21 Dec Jan Oct Nov Dec Jan
1 Banknotes 5,285,026 6,458,763 7,278,860 5,534,529 5,608,913 7,397,447 7,433,477 7,325,533 7,393,607
2 One Rupee Coins and above 9,728 9,962 9,947 9,942 9,962 9,914 9,971 9,892 9,930
3 Total ( 1+2 ) 5,294,754 6,468,725 7,288,807 5,544,471 5,618,875 7,407,361 7,443,448 7,335,425 7,403,537
4 Held by Banking Department of SBP 159.748 172.707 150 153.344 173.642 105 162 122 160
5 Held by Issue Department of SBP 1039.138 1028.584 418 829.26 633.48 459 406 424 335
6 Currency in tills of Scheduled Banks 343,516 325,508 378,302 263,486 259,464 366,160 338,678 355,243 338,158
7 Currency in Circulation (3-4-5-6) 4,950,039 6,142,016 6,909,937 5,280,003 5,358,604 7,040,637 7,104,201 6,979,636 7,064,883
Note: Source: Statistics & Data Warehouse Department SBP
i- From July, 2020 and onwards five rupee bills & above have been renamed as banknotes.
ii- The quarter end data relates to last working day whereas monthly data are of last Friday of the month.
iii- Totals may not tally due to separate rounding off.
iv- Data is based on weekly returns. Therefore, these estimates are not comparable with the monthly data given in table 2.1. The comparison of weekly and monthly compilation
methodologies is available the link : http://www.sbp.org.pk/ecodata.asp

15
 2.6 Monetary Aggregates
(Million Rupees)
30th June 2020 2021 2022
Assets / Liabilities FY19 FY20 FY21 Dec Jan Oct Nov Dec Jan
A. Components of M2
1. Currency in Circulation 4,950,039 6,142,016 6,909,937 6,206,488 6,363,765 7,040,637 7,104,201 6,979,636 7,064,883
2. Other Deposits with SBP 33,636 41,218 68,004 57,670 55,971 67,448 71,286 86,066 84,160
3. Total Private & PSE Deposits 12,814,820 14,724,770 17,319,755 15,806,567 15,190,482 16,945,648 16,842,581 18,279,328 17,323,723
of which : RFCDs 1,109,780 1,074,511 1,046,150 1,053,597 1,053,661 1,127,760 1,149,846 1,138,778 1,141,334
Money Supply (1+2+3) 17,798,494 20,908,003 24,297,696 22,070,725 21,610,218 24,053,733 24,018,069 25,345,029 24,472,766
B. Factors Affecting Money Supply ( M2)
I.Net Foreign Assets of the Banking System (1,507,081) (516,153) 724,723 62,604 78,155 305,002 82,134 497,183 179,202
a. State Bank of Pakistan (1,127,203) (181,347) 930,509 164,156 171,176 548,494 372,633 710,942 369,122
b. Scheduled Banks (379,879) (334,806) (205,786) (101,552) (93,021) (243,493) (290,499) (213,759) (189,920)
II.Net Domestic Assets of Banking System (1+2+3) 19,305,575 21,424,157 23,572,973 22,008,121 21,532,062 23,748,731 23,935,935 24,847,846 24,293,564
a. State Bank of Pakistan 7,017,743 6,984,573 6,467,778 6,333,295 6,395,400 6,650,719 6,934,715 6,562,553 6,901,582
b. Scheduled Banks 12,287,832 14,439,583 17,105,195 15,674,826 15,136,662 17,098,012 17,001,220 18,285,293 17,391,982
1. Net Govt Sector Borrowing(a+b+c) 12,336,664 14,547,233 16,265,119 14,906,305 14,718,869 16,351,724 16,293,150 16,496,912 16,395,318
a. Borrowings for Budgetary support 1 11,596,468 13,748,309 15,373,463 14,185,560 14,004,834 15,464,170 15,412,175 15,620,220 15,537,350
(i) From SBP 6,691,870 6,538,797 5,332,490 5,952,896 5,928,361 5,405,638 5,737,889 5,304,846 4,995,021
a) Federal Government 6,833,275 6,750,123 5,712,275 6,395,706 6,432,040 6,159,077 6,569,359 6,137,519 5,818,102
of which deposits with SBP (967,305) (565,997) (1,016,725) (616,694) (590,426) (466,209) (576,429) (539,821) (872,668)
b) Provincial Government (127,135) (192,737) (346,850) (405,760) (462,844) (691,859) (765,536) (766,373) (764,583)
Balochistan Government (19,072) (39,105) (37,307) (77,684) (78,762) (68,400) (80,863) (88,937) (83,711)
Khyber Pakhtunkhwa Government (16,983) (8,321) (31,540) (31,614) (38,462) (30,648) (36,362) (23,340) (21,519)
Punjab Government (70,339) (81,570) (207,104) (213,045) (263,353) (466,341) (505,541) (507,868) (507,947)
Sindh Government (20,741) (63,741) (70,899) (83,418) (82,267) (126,470) (142,769) (146,228) (151,406)
c) AJK Government (97) (5,047) (12,368) (17,655) (20,572) (19,735) (26,964) (25,274) (23,826)
d) Gilgit-Baltistan (14,174) (13,543) (20,566) (19,395) (20,263) (41,844) (38,970) (41,026) (34,672)
(ii) From Scheduled banks (a+b) 4,904,598 7,209,512 10,040,973 8,232,664 8,076,473 10,058,532 9,674,286 10,315,374 10,542,329
a) Federal Government 5,753,677 8,222,465 11,181,917 9,254,690 9,116,381 11,201,531 10,842,068 11,473,393 11,714,037
of which deposits with banks (1,228,344) (1,371,965) (1,659,001) (1,389,926) (1,397,893) (1,735,794) (1,775,280) (1,836,802) (1,847,278)
b) Provincial Government (849,079) (1,012,953) (1,140,944) (1,022,026) (1,039,908) (1,142,999) (1,167,782) (1,158,018) (1,171,707)
of which deposits with banks (850,103) (1,013,977) (1,141,968) (1,023,050) (1,040,932) (1,144,023) (1,168,806) (1,159,042) (1,172,732)
b. Commodity operations 756,416 813,435 903,999 734,174 725,858 900,603 894,272 889,421 868,975
c. Others (16,220) (14,510) (12,344) (13,429) (11,822) (13,050) (13,297) (12,729) (11,007)
2. Credit to Non-Govt. Sector (a+b+c+d) 8,072,803 8,372,428 9,114,395 8,690,270 8,659,508 9,412,624 9,638,401 10,228,133 9,963,813
a. Credit to Private Sector* 6,666,505 6,862,862 7,629,069 7,206,389 7,146,085 7,900,001 8,099,083 8,672,154 8,435,852
Conventional Banking Branches 5,276,240 5,305,518 5,685,109 5,504,229 5,456,975 5,856,454 5,990,283 6,420,662 6,224,277
Islamic Banks 835,105 868,473 1,030,612 951,089 925,776 1,060,414 1,088,640 1,154,660 1,132,940
Islamic Banking Branches of Conventional Banks 555,160 688,871 913,348 751,072 763,334 983,134 1,020,160 1,096,832 1,078,635
b. Credit to PSEs 1,394,221 1,490,522 1,436,745 1,461,183 1,490,025 1,461,910 1,488,015 1,503,849 1,475,544

c. PSEs Special a/c-debt Repayment with BP/PSPC (24,244) (24,244) (24,244) (24,244) (24,244) (24,244) (24,244) (24,244) (24,244)

d. Credit to NBFIs 36,321 43,288 72,825 46,942 47,641 74,957 75,548 76,374 76,661
3. Other Items (net) * (1,103,892) (1,495,505) (1,806,541) (1,588,454) (1,846,314) (2,015,617) (1,995,616) (1,877,199) (2,065,567)
Broad Money M2 (A+B) 17,798,494 20,908,003 24,297,696 22,070,725 21,610,218 24,053,733 24,018,069 25,345,029 24,472,766
C. Memorandum Items
Accrued Profit on SBP holdings of MRTBs/MTBs 2,912 83,618 58,537 68,278 78,752 196,386 240,820 59,784 72,001
Outstanding amount of MTBs (realized value in auction) 4,363,090 4,956,617 5,979,180 4,429,945 4,177,802 5,283,838 4,686,556 4,828,373 4,601,154
Net Government Budgetary Borrowing (Cash Basis) 11,545,893 13,471,051 15,247,857 14,022,001 13,833,155 15,197,104 15,096,209 15,516,953 15,429,210
From SBP 6,688,958 6,455,179 5,273,953 5,884,619 5,849,609 5,209,252 5,497,069 5,245,062 4,923,020
From Scheduled Banks 4,856,935 7,015,872 9,973,904 8,137,383 7,983,546 9,987,852 9,599,139 10,271,891 10,506,190
Source: Statistics & Data Warehouse Department SBP
1. Excluding IMF A/c Nos. 1 & 2, SAF loan account, counterpart funds, deposits of foreign central banks, foreign governments, international organizations and deposit money
banks.
Note:-
i - Data is based on weekly returns. The quarterly data covers the period up to the last working day of the month and others months data up to the last working day of last week.
* Note: Islamic Financings, Advances (against Murabaha etc), Inventories and any Other related item(s) pertaining to Islamic Financing previously reported under Other Assets
has been reclassified as credit to private sector. Details of reclassifications/revisions are available in revision study on SBP website at:
http://www.sbp.org.pk/ecodata/RSMS.pdf

16
 2.7 Government Budgetary Borrowing from Banks
(Million Rupees)

Stocks Monetary Impact During

ITEMS 1st Jul 20 1st Jul 21
30-Jun-20 30-Jun-21 P to to
29th Jan 21 28th Jan 22

1. Central Government (a+b) 14,972,589 16,894,192 575,832 637,947

a. Scheduled Banks 8,222,465 11,181,917 893,916 532,120
T-Bills and Securities 9,594,430 12,840,918 919,843 720,396
Less:
Government Deposits 1,371,965 1,659,001 25,927 188,276
b. State Bank 6,750,124 5,712,275 (318,084) 105,827
T-bills and Securities etc. 7,276,174 6,685,409 (289,407) (514,870)
Debtor Balances (Exc. Zakat Fund) 30,157 33,794 (3,860) (2,927)
Less:
Govt. Deposits (Ex. Zakat and Privatization Fund) 565,997 1,016,725 24,429 (144,058)
Others (9,789) (9,797) 387 (479,566)
2. Provincial Governments (c+d) (1,224,280) (1,520,728) (319,307) (474,060)
c. Scheduled Banks (1,012,953) (1,140,944) (26,955) (30,764)
Government Securities and Others 1,024 1,024 - -
Less:
Government Deposits 1,013,977 1,141,968 26,955 30,764
d. State Bank (211,327) (379,784) (292,352) (443,297)
Government Securities
Debtor Balances (Excluding Zakat Fund) - - - -
Less:
Government Deposits (Excluding Zakat Fund) 211,327 379,784 292,352 443,297

Net Budgetary Borrowing from the Banking System 13,748,309 15,373,463 256,525 163,887
Note; - From July 2019, the data on Central and Provincial Government Deposits with Scheduled Banks have been revised. This revision is due to reclassification of
some of the PSEs, which were previous reported under Government Institutions. The coverage of PSEs has been enhanced since July 2019.
Detail of changes are available at:
http://www.sbp.org.pk/departments/stats/Expalanatory-Note.pdf

2.8 Government Borrowing for Commodity Operations

Rice 118 129 8 (1)
Wheat 697,262 788,173 (95,790) (20,710)
Sugar 66,027 67,510 10,835 2,002
Fertilizer 48,682 46,718 (2,724) (16,397)
Seeds
Oilseeds
Pulses
Edible Oil
Black Mash
Chilies
Seed Meal
Gram
Onion
Potatoes
Cotton 1,345 1,470 94 82
Total 813,435 903,999 (87,577) (35,025)
Source: Statistics & Data Warehouse Department SBP

17
 2.9 Statement of Affairs
(Million Rupees)
Aug-21 Sep-21 Oct-21
LAST WEEK END
Issue Banking Total Issue Banking Total Issue Banking Total

ASSETS 7,438,253 6,682,523 14,120,776 7,447,033 6,712,430 14,159,463 7,397,552 6,557,358 13,954,910

International reserve assets 2,383,716 1,811,707 4,195,423 2,280,815 1,842,142 4,122,957 1,906,640 1,920,325 3,826,965
- Gold 616,399 - 616,399 627,641 - 627,641 631,205 - 631,205
- Foreign currency balances 1,731,919 1,292,514 3,024,433 1,617,215 1,327,030 2,944,245 1,238,951 1,392,557 2,631,508
- Balances with International Monetary Fund - - - - - - - - -
- Special drawing rights holdings 3 5,398 480,680 516,078 35,959 488,294 524,253 36,484 495,427 531,911
- Reserve tranche position with International Monetary Fund - 28 28 - 29 29 - 29 29
- Other foreign currency balances - 38,485 38,485 - 26,789 26,789 - 32,312 32,312
Local currency financial assets
(i) Monetary policy assets - 1,964,073 1,964,073 - 1,934,566 1,934,566 - 1,789,680 1,789,680
- Conventional- securities purchased under agreement to resell - 1,964,073 1,964,073 - 1,934,566 1,934,566 - 1,789,680 1,789,680
- Shariah compliant financing facility - - - - - - - - -
- Outright purchase of assets - - - - - - - - -
- Conventional securities - - - - - - - - -
- Shariah compliant securities - - - - - - - - -
(ii) Credit to conventional banks & financial institutions
for purposes other than monetary policy - 842,685 842,685 - 882,072 882,072 - 927,965 927,965
- Agriculture sector - 4 ,196 4 ,196 - 4,152 4,152 - 4,104 4,104
- Industrial sector - 367,125 367,125 - 385,234 385,234 - 403,947 403,947
- Export sector - 3 75,801 3 75,801 - 397,807 397,807 - 442,769 442,769
- Housing sector - - - - - - - - -
- Other 95,563 95,563 - 94,879 94,879 - 77,143 77,143
(iii) Credit to Islamic banks & financial institutions for
purpose other than monetary policy - 283,113 283,113 - 301,525 301,525 - 331,836 331,836
- Agriculture sector - 114 114 - 459 459 - 464 464
- Industrial sector - 118,930 118,930 - 125,952 125,952 - 136,845 136,845
- Export sector - 145,620 145,620 - 157,079 157,079 - 180,128 180,128
- Housing sector - - - - - - - - -
- Other - 18,449 18,449 - 18,035 18,035 - 14,399 14,399
Credit to general government account
- Federal government 5,042,277 1,419,546 6,461,823 5,153,796 1,348,598 6,502,394 5,478,313 1,083,133 6,561,446
- Perpetual loan to federal government 2 ,740 2 ,740 - 2,740 2,740 - 2,740 2,740
- Government securities - - - - - - - - -
- Market related treasury bills - - - - - - - - -
- Pakistan investment bonds 5,042,277 1,387,014 6,429,291 5,153,796 1,319,768 6,473,564 5,478,313 1,050,591 6,528,904
- Sukuks - - - - - - - - -
- Government overdrafts - 29,792 29,792 - 26,090 26,090 - 29,802 29,802
- Provincial & autonomous regions - - - - - - - - -
- Long term loans - - - - - - - - -
- Short term loans - - - - - - - - -
- Government overdrafts - - - - - - - - -
Equity investments - 169,488 169,488 - 167,446 167,446 - 163,506 163,506
- Subsidiaries - - - - - - -
- Banks - 64,581 64,581 - 64,581 64,581 - 59,573 59,573
- Financial institutions - 50,228 50,228 - 50,228 50,228 - 50,228 50,228
- Other - 54,679 54,679 - 52,637 52,637 - 53,705 53,705
Property, plant & equipment - 1 38,455 1 38,455 - 138,418 138,418 - 138,437 138,437
Rupee coins 362 - 362 341 - 341 459 - 459
Other assets 11,898 53,456 65,354 12,081 97,663 109,744 12,140 202,476 214,616

LIABILITIES 7,438,253 6,682,523 14,120,776 7,447,033 6,712,430 14,159,463 7,397,552 6,557,358 13,954,910
Equity & reserves - 1,337,354 1 ,337,354 - 1,405,131 1,405,131 - 1,297,123 1,297,123
- Paid-up capital - 100 100 - 100 100 - 100 100
- Statutory reserves - 1 93,500 1 93,500 - 1 93,500 1 93,500 - 193,500 193,500
- Special reserves - 26,214 26,214 - 26,214 26,214 - 26,214 26,214
- Unrealized appreciations - 7 29,650 7 29,650 - 7 40,893 7 40,893 - 739,449 739,449
- Profit & loss appropriation account - 3 87,890 3 87,890 - 444,424 444,424 - 337,860 337,860
Banknotes in circulation 7,438,253 ( 136) 7,438,117 7,447,033 ( 149) 7,446,884 7,397,552 ( 105) 7,397,447
- Banknotes in circulation 7,438,117 - 7 ,438,117 7,446,884 - 7,446,884 7,397,447 - 7,397,447
- Banknotes held in Banking Department 136 (136) - 149 ( 149) - 105 ( 105) -
Monetary policy liabilities - - - - - - - - -
- Securities sold under agreement to repurchase - - - - - - - - -
- Shariah compliant facility - - - - - - - - -
Local currency deposits - 2,287,608 2 ,287,608 - 2,219,866 2,219,866 - 2,128,849 2,128,849
- Federal government - 8 43,928 8 43,928 - 699,748 699,748 - 430,922 430,922
- Provincial governments & autonomous regions - 5 66,897 5 66,897 - 662,365 662,365 - 763,218 763,218
- Bank deposits - 760,891 760,891 - 740,107 740,107 - 819,050 819,050
- Other deposits - 1 15,892 1 15,892 - 117,646 117,646 - 1 15,659 1 15,659
Foreign currency deposits - 697,183 697,183 - 710,608 710,608 - 722,618 722,618
- Local banks - 2 46,862 2 46,862 - 2 49,877 2 49,877 - 255,908 255,908
- Foreign central banks - 74,580 74,580 - 76,098 76,098 - 77,286 77,286
- Foreign governments & sovereign wealth fund - 3 75,074 3 75,074 - 383,754 383,754 - 388,055 388,055
- Others deposits - 667 667 - 879 879 - 1,369 1,369
Foreign currency loans and liabilities - 2,125,494 2 ,125,494 - 2,156,474 2,156,474 - 2,185,609 2,185,609
- International Monetary Fund facilities - 6 42,468 6 42,468 - 641,156 641,156 - 634,699 634,699
- Allocations of special drawing rights of International Monetary Fund - 6 92,666 6 92,666 - 703,639 703,639 - 713,917 713,917
- Currency swap arrangements - 7 90,360 7 90,360 - 811,679 811,679 - 836,993 836,993
- Overdraft from Asian Clearing Union - - - - - - - - -
Other liabilities - 2 35,020 2 35,020 - 220,500 220,500 - 223,264 223,264

18
 2.9 Statement of Affairs
(Million Rupees)
Nov-21 Dec-21 Jan-22
LAST WEEK END
Issue Banking Total Issue Banking Total Issue Banking Total
ASSETS 7,433,639 6,925,210 14,358,849 7,325,655 7,091,649 14,417,304 7,393,767 7,418,841 14,812,608

International reserve assets 1,813,423 1,872,340 3,685,763 2,198,453 1,833,361 4,031,814 1,934,351 1,744,613 3,678,964
- Gold 631,205 - 631,205 667,770 - 667,770 667,770 - 667,770
- Foreign currency balances 1,145,630 1,350,316 2,495,946 1,493,263 1,304,357 2,797,620 1,229,625 1,232,049 2,461,674
- Balances with International Monetary Fund - - - - - - - - -
- Special drawing rights holdings 36,588 491,117 527,705 37,420 502,285 539,705 36,956 496,052 533,008
- Reserve tranche position with International Monetary Fund - 29 29 - 30 30 - 29 29
- Other foreign currency balances - 30,878 30,878 - 26,689 26,689 - 16,483 16,483
Local currency financial assets
(i) Monetary policy assets - 1,765,832 1,765,832 - 1,788,176 1,788,176 - 2,391,137 2,391,137
- Conventional- securities purchased under agreement to resell - 1,765,832 1,765,832 - 1,748,170 1,748,170 - 2,391,137 2,391,137
- Shariah compliant financing facility - - - - 40,006 40,006 -
- Outright purchase of assets - - - - - - - - -
- Conventional securities - - - - - - - - -
- Shariah compliant securities - - - - - - - - -
(ii) Credit to conventional banks & financial institutions
for purposes other than monetary policy - 949,016 949,016 - 989,106 989,106 - 990,872 990,872
- Agriculture sector - 4,039 4,039 - 3 ,998 3 ,998 - 3,901 3,901
- Industrial sector - 424,473 424,473 - 452,623 452,623 - 468,879 468,879
- Export sector - 453,927 453,927 - 466,872 466,872 - 469,370 469,370
- Housing sector - 2 2 - 2 2 - 3 3
- Other - 66,575 66,575 - 65,611 65,611 - 48,719 48,719
(iii) Credit to Islamic banks & financial institutions for
purpose other than monetary policy - 3,059,885 3,059,885 - 3,142,053 3,142,053 - 3,752,293 3,752,293
- Agriculture sector - 507 507 - 654 654 - 820 820
- Industrial sector - 143,606 143,606 - 155,736 155,736 - 164,733 164,733
- Export sector - 192,434 192,434 - 201,201 201,201 - 200,534 200,534
- Housing sector - - - - - - - - -
- Other - 8,490 8,490 - 7 ,180 7 ,180 - 4,197 4,197
Credit to general government account
- Federal government 5 ,607,670 1,472,833 7,080,503 5,114,050 1,501,801 6,615,851 5,446,352 1,182,489 6,628,841
- Perpetual loan to federal government - 477,570 477,570 - 488,393 488,393 - 482,402 482,402
- Government securities - - - - - - - - -
- Market related treasury bills - - - - - - - - -
- Pakistan investment bonds 5,607,670 965,508 6,573,178 5,114,050 983,683 6,097,733 5,446,352 669,220 6,115,572
- Sukuks - - - - - - - - -
- Government overdrafts - 29,755 29,755 - 29,725 29,725 30,867 30,867
- Provincial & autonomous regions - - - - - - - - -
- Long term loans - - - - - - - - -
- Short term loans - - - - - - - - -
- Government overdrafts - - - - - - - - -
Equity investments - 163,506 163,506 - 166,228 166,228 - 166,303 166,303
- Subsidiaries - - - - - - - - -
- Banks - 59,573 59,573 - 61,301 61,301 - 61,301 61,301
- Financial institutions - 50,228 50,228 - 50,228 50,228 - 50,228 50,228
- Other - 53,705 53,705 - 54,699 54,699 - 54,774 54,774
Property, plant & equipment - 138,800 138,800 - 138,773 138,773 - 138,869 138,869
Rupee coins 406 - 406 424 - 424 335 - 335
Other assets 12,140 217,846 229,986 12,728 309,433 322,161 12,729 434,274 447,003

LIABILITIES 7,433,639 6,925,210 14,358,849 7,325,655 7,091,649 14,417,304 7,393,767 7,418,841 14,812,608
Equity & reserves - 1,353,685 1,353,685 - 1,443,136 1,443,136 - 1,513,830 1,513,830
- Paid-up capital - 100 100 - 100 100 - 100 100
- Statutory reserves - 193,500 193,500 - 193,500 193,500 - 193,500 193,500
- Special reserves - 26,214 26,214 - 26,214 26,214 - 26,214 26,214
- Unrealized appreciations - 739,443 739,443 - 777,736 777,736 - 777,736 777,736
- Profit & loss appropriation account - 394,428 394,428 - 445,586 445,586 - 516,280 516,280
Banknotes in circulation 7,433,639 (162) 7,433,477 7,325,655 (122) 7,325,533
- Banknotes in circulation 7,433,477 - 7,433,477 7 ,325,533 - 7 ,325,533 7,393,607 - 7,393,607
- Banknotes held in Banking Department 162 ( 162) - 122 ( 122) - 160 (160) -
Monetary policy liabilities - - - - - - - - -
- Securities sold under agreement to repurchase - - - - - - - - -
- Shariah compliant facility - - - - - - - - -
Local currency deposits - 2,432,127 2,432,127 - 2,515,349 2,515,349 - 2,788,191 2,788,191
- Federal government - 554,519 554,519 - 518,368 518,368 - 851,328 851,328
- Provincial governments & autonomous regions - 841,317 841,317 - 841,495 841,495 - 830,068 830,068
- Bank deposits - 916,719 916,719 - 1,021,421 1,021,421 - 975,207 975,207
- Other deposits - 119,572 119,572 - 134,065 134,065 - 131,588 131,588
Foreign currency deposits - 737,885 737,885 - 744,219 744,219 - 740,187 740,187
- Local banks - 260,113 260,113 - 261,942 261,942 - 260,732 260,732
- Foreign central banks - 79,024 79,024 - 79,446 79,446 - 79,589 79,589
- Foreign governments & sovereign wealth fund - 397,539 397,539 - 400,979 400,979 - 398,437 398,437
- Others deposits - 1,209 1,209 - 1,852 1,852 - 1,429 1,429
Foreign currency loans and liabilities - 2,209,059 2,209,059 - 2,176,865 2,176,865 - 2,168,740 2,168,740
- International Monetary Fund facilities - 634,699 634,699 - 599,598 599,598 - 598,465 598,465
- Allocations of special drawing rights of International Monetary Fund - 715,955 715,955 - 732,302 732,302 - 723,148 723,148
- Currency swap arrangements - 858,405 858,405 - 844,965 844,965 - 847,127 847,127
- Overdraft from Asian Clearing Union - - - - - - - - -
Other liabilities - 192,616 192,616 - 212,202 212,202 - 208,053 208,053

Source: Finance Department SBP

Note: SBP revised its format of Statement of Affairs, effective from July 2020

19
 2.10 Scheduled Banks’ Balance sheets Consolidated Position
Based on Weekly Position of Liabilities and Assets (All Banks)
(Million Rupees)
FINANCIAL POSITION 2020 2021 2022
FY19 FY20 FY21
Dec Jan Oct Nov Dec Jan
ASSETS
Cash & Balances with Treasury Banks 1,966,692 1,408,559 1,528,246 1,634,529 1,546,258 1,557,339 1,738,119 2,132,291 1,778,911
Balances with other Banks 195,992 212,150 213,911 296,780 290,904 254,915 206,677 316,849 303,837
Lending to Financial Institutions 717,249 843,513 966,673 1,028,259 938,893 926,704 916,914 1,087,151 985,773
Investments 7,624,217 10,681,288 13,615,840 11,490,316 11,419,399 13,575,665 13,408,173 14,123,867 14,432,953
Advances – Net of Provision 7,608,678 7,655,531 8,202,049 7,708,588 7,868,043 8,671,284 8,970,270 9,479,464 9,234,292
Gross Advances 8,096,771 8,202,328 8,831,088 8,305,736 8,473,992 9,330,388 9,633,063 10,149,170 9,906,804
Less: Provision for Non- Performing Advances 488,093 546,797 629,039 597,148 605,950 659,104 662,793 669,706 672,512
Operating Fixed Assets 468,981 567,753 635,575 589,730 607,142 659,104 653,156 681,454 697,783
Deferred Tax Assets 59,834 56,161 70,764 64,647 65,982 79,891 83,807 88,300 93,137
Other Assets 943,951 950,083 908,754 925,092 824,248 932,791 981,218 972,273 926,572
TOTAL ASSETS 19,585,594 22,375,037 26,141,812 23,737,941 23,560,869 26,647,539 26,958,335 8,881,650 28,453,259

LIABILITIES
Bills Payable 299,737 245,363 322,389 286,261 273,571 337,234 311,177 321,523 337,841
Borrowings 2,412,023 2,865,768 4,097,113 3,297,771 3,210,203 4,333,894 4,452,962 4,478,400 5,156,481
Deposits and other Accounts 14,458,307 16,229,036 18,695,178 17,136,229 17,088,144 18,923,487 19,150,479 20,972,043 19,728,892
Sub-ordinated Loans 108,670 126,296 112,732 121,854 121,853 117,587 117,587 121,815 122,815
Liabilities Against Assets Subject to Finance Lease - 2,134 1,823 1,941 1,914 1,793 1,832 1,848 9,852
Deferred Tax Liabilities 22,591 47,329 17,288 33,036 32,567 17,072 15,353 16,738 7,694
Other Liabilities 803,227 964,493 997,101 979,770 908,391 1,007,982 1,039,701 1,038,960 1,013,569
TOTAL LIABILITIES 18,104,555 20,480,420 24,243,625 21,856,862 21,636,644 24,739,047 25,089,090 26,951,327 26,377,144

NET ASSETS 1,481,039 1,894,617 1,898,187 1,881,079 1,924,224 1,908,492 1,869,245 1,930,322 2,076,115

REPRESENTED BY:
Paid up Capital / Head Office Capital Account 546,922 556,465 561,451 556,656 560,195 567,949 568,240 568,451 568,552
Reserves 340,060 357,675 379,965 365,549 365,310 393,828 406,111 410,882 413,544
Un-appropriated / Un-remitted Profit 480,816 618,864 696,938 709,444 743,590 755,272 756,170 775,695 834,467
Surplus/ (Deficit) on Revaluation of Assets 113,241 361,613 259,833 249,431 255,129 191,443 138,723 175,295 259,552
TOTAL 1,481,039 1,894,617 1,898,187 1,881,079 1,924,224 1,908,492 1,869,245 1,930,322 2,076,115
Source: Banking Supervision Department-1, SBP
Note: Figures pertain to last week end of every month

2.11 Scheduled Banks' Consolidated Liquidity Position (All Banks)

2020 2021 2022
FY19 FY20 FY21
Dec Jan Oct Nov Dec Jan

Demand Liabilities 12,928,902 14,142,999 16,618,909 15,097,823 14,611,693 15,302,988 14,773,255 15,640,093 15,287,365

Time Liabilities 1,429,689 1,791,929 1,875,316 1,778,170 1,821,598 1,735,048 2,074,520 2,021,554 2,037,451

TOTAL (Demand & Time Liabilities) 14,358,591 15,934,928 18,494,226 16,875,992 16,433,290 17,038,036 16,847,775 17,661,647 17,324,816

LIQUID ASSETS MAINTAINED IN PAKISTAN 7,213,730 8,611,065 12,439,752 9,521,014 9,176,572 13,103,575 12,734,136 13,218,024 12,813,275

Cash 414,380 374,689 418,418 425,725 389,039 421,209 393,586 386,493 375,702
Balance with SBP 986,670 606,361 700,455 816,475 714,651 861,256 953,184 940,517 1,014,468

Balance with agents of SBP 278,359 193,531 197,018 150,533 59,791 233,146 164,114 222,928 81,718

Un-encumbered approved Securities 5,486,577 7,390,284 11,079,775 8,083,176 7,967,846 11,540,471 11,174,998 11,619,299 11,292,928
Foreign Banks Deposits with SBP under section13(3)
47,744 46,201 44,086 45,105 45,244 47,492 48,253 48,787 48,459
of Banking Companies Ordinance
Share Capital of MFB - - - - - - - - -
Minimum of Assets required to be held under Section 29
2,996,069 3,270,049 3,791,605 3,482,836 3,336,935 3,885,751 4,006,783 4,201,000 4,112,492
of the Banking Companies Ordinance
Excess of Assets being held over the minimum required
4,217,661 5,341,017 8,648,147 6,038,179 5,839,637 9,217,823 8,727,352 9,017,025 8,700,784
under Section 29 of the Banking Companies Ordinance
Source: Banking Supervision Department-1, SBP

20
 2.12 Financial Position of DFIs, MFBs and NBFCs
(Million Rupees)
Jun-21 Sep-21
ASSETS/ LIABILITIES
DFIs* NBFCs MFBs Total DFIs* NBFCs MFBs Total
1. Currency and Deposits 25,990 606,665 84,780 717,436 22,341 575,305 75,943 673,589
a. Currency 9 2,076 6,261 8,346 12 3,197 6,464 9,672
b. Transferable Deposits 3,800 499,357 61,686 564,843 3,093 457,123 58,239 518,455
c. Restricted Deposits - 12,021 2,731 14,752 - 13,466 2,825 16,290
d. Other Deposits 22,181 93,212 14,102 129,495 19,236 101,519 8,416 129,171
2. Investment in securities other than shares 333,439 140,629 95,402 569,470 294,238 245,837 104,080 644,154
a. Short-term 84,106 50,202 85,914 220,221 83,715 145,163 91,578 320,456
b. Long-term 249,334 90,427 9,488 349,249 210,523 100,674 12,502 323,699
3. Loans extended (Advances) 129,859 37,828 287,527 455,213 135,441 105,316 294,438 535,194
a. Short-term 16,214 7,458 220,751 244,422 12,693 42,318 191,615 246,626
b. Long-term 113,645 30,370 66,775 210,791 122,748 62,998 102,823 288,568
4. Investment in shares 42,987 306,670 - 349,657 44,168 338,904 - 383,073
a. Quoted 36,583 303,995 - 340,579 37,666 322,512 - 360,177
b. Non-quoted 6,403 2,675 - 9,078 6,502 16,393 - 22,895
5. Insurance Technical Reserve - - 241 241 - - 225 225
a. Life - - 30 30 - - 16 16
b. Non-life - - 211 211 - - 209 209
6. Financial Derivatives - 1,209 - 1,209 - 805 - 805
7. Other accounts receivable 25,089 23,984 36,107 85,180 23,625 25,633 39,564 88,821
8. Non-financial assets 6,354 7,479 39,533 53,366 6,356 32,777 40,375 79,508
a. Produced assets 5,928 4,938 39,296 50,161 5,930 26,471 40,139 72,539
i. Fixed assets 5,770 4,311 32,658 42,739 5,778 24,404 33,371 63,553
ii. Inventories - - - - - 611 - 611
iii. Valuables - 495 - 495 - 492 - 492
iv. Other produced assets (66) 133 6,638 6,704 152 964 6,768 7,883
b. Non-produced assets 427 2,541 237 3,205 426 6,306 236 6,969
i. Land 126 1,926 (10) 2,042 126 2,237 (10) 2,352
ii. Other-non-produced assets 301 615 248 1,163 300 4,069 247 4,616
Total Assets/ Liabilities 563,719 1,124,465 543,590 2,231,774 526,168 1,324,576 554,625 2,405,369
1. Deposits 22,397 8,313 381,449 412,159 21,330 35,042 389,286 445,658
a. Restricted deposits 150 2 637 789 148 23,058 - 23,206
b. Other deposits 22,247 8,311 380,812 411,369 21,182 11,984 389,286 422,452

2. Securities other than shares (bonds/debentures etc) - 854 5,902 6,756 - 1,976 6,741 8,717

a. Short-term - 3 - 3 - 1,035 - 1,035

b. long-term - 851 5,902 6,753 - 941 6,741 7,682
3. Loans (Borrowings) 367,375 13,205 37,599 418,179 324,810 48,548 40,662 414,020
a. Short-term 290,245 2,467 4,908 297,620 238,964 11,563 9,755 260,282
b. Long-term 77,130 10,738 32,691 120,559 85,846 36,985 30,907 153,738
4. Financial Derivatives - - - - - - - -
5. Other accounts payable 39,119 57,742 63,997 160,857 43,585 76,141 65,957 185,683
6. Shares and other equity 134,828 1,044,350 54,643 1,233,822 136,443 1,162,869 51,979 1,351,291
a. Quoted 4,159 568,010 3,440 575,608 4,159 643,188 4,290 651,637
b. Non-quoted 77,963 381,862 25,599 485,424 77,963 391,702 27,599 497,264
c. Retained earnings 25,316 28,111 (16,653) 36,774 25,556 66,605 (17,251) 74,910
d. Current year result 4,514 66,863 1,687 73,064 7,295 46,851 (2,256) 51,891
e. General & special reserves 20,125 (674) 40,573 60,024 20,253 8,530 39,650 68,433
f. Valuation adjustments 2,751 179 (2) 2,928 1,217 5,992 (53) 7,156

Source: Statistics & Data Warehouse Department SBP

* DFIs also includes HBFC & PMRC data.

21
 2.13 Classification of Deposits with DFIs, MFBs and NBFCs
(Million Rupees)
SECTOR Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21
1 Non-financial Corporations 118,538 127,031 145,169 133,909 131,429 122,922
i Public 28,487 28,456 32,678 31,729 14,276 33,973
ii Private 90,050 98,575 112,492 102,180 117,153 88,949
2 Financial Corporations 42,069 52,525 60,973 53,800 57,606 54,544
i Deposit money institutions 8,906 9,044 11,886 9,524 6,828 7,037
ii Other deposit accepting institutions 27,642 37,298 42,204 37,904 43,800 41,838
iii Financial intermediaries 3,201 3,737 4,380 4,098 3,959 3,506
iv Financial auxiliaries 3 2 2 3 1 17
v Insurance and pension funds 2,318 2,445 2,500 2,271 3,018 2,145
3 Central Government 1,009 1,005 951 934 1,090 14,655
4 Provincial Governments 1,983 2,619 2,111 1,819 2,484 6,601
5 Local Governments 343 331 81 469 86 746
6 Household 170,386 181,783 200,998 209,351 187,273 212,957

7 Non-profit Institutions (NPIs) Serving Households 13,040 20,170 23,853 28,216 32,191 32,424

8 Non-residents - - - - - 807
9 Foreign Currency .. .. .. .. .. ..

Total 347,368 385,465 434,137 428,500 412,159 445,658

Source: Statistics & Data Warehouse Department SBP

2.14 Classification of Loans Extended (Advances) by DFIs, MFBs and NBFCs

(Million Rupees)
Jun-21 Sep-21
SECTOR
Non- Non-
Depository* Total Depository* Total
Depository** Depository**
1 Non-financial corporations 142,561 - 142,561 180,092 5,275 185,367
i Public 4,759 - 4,759 4,759 1,090 5,849
ii Private 137,802 - 137,802 175,333 4,186 179,519
2 Financial Corporations 1,643 26,843 28,486 1,890 57,687 59,577
i Deposit money institutions 768 17,490 18,259 - - -
ii Other deposit accepting institutions 280 7,430 7,710 297 25,922 26,219
iii Financial intermediaries 531 1,747 2,277 937 7,960 8,897
iv Financial auxiliaries 65 24 89 587 23,739 24,327
v Insurance and pension funds .. 152 152 68 66 134
3 Central Government - - - .. 1 1
4 Provincial Governments - - - - - -
5 Local Governments - - - - - -
6 Household 34,574 11,835 46,409 - - -
7 Non-profit Institutions (NPIs) Serving
38 - 38 43,331 16,733 60,064
Households
8 Non-Residents - - - 51 - 51
9 Bills purchased and discounted (inland bills) 1,352 - 1,352 377 - 377
10 Other Advances and Financial Leases 236,367 - 236,367 216,242 13,516 229,758
Total 416,536 38,678 455,213 441,983 93,211 535,194
Source: Statistics & Data Warehouse Department SBP
* This includes Depository NBFCs, DFIs and MFIs.
** This includes Non-Depository NBFCs, PMRCL and HBFC.

22
 2.15 Classification of Investments in Securities and Shares
by DFIs, MFBs and NBFCs
(Million Rupees)
Jun-21 Sep-21
SECURITIES
Non- Non-
Depository* Total Depository* Total
Depository** Depository**
A. Securities 422,580 146,891 569,470 432,554 211,600 644,154

1 Non-financial Corporations 15,174 34,328 49,502 15,330 40,985 56,314

i Public 2,421 15,984 18,405 1,825 19,473 21,297

ii Private 12,752 18,345 31,097 13,505 21,512 35,017

2 Financial Corporations 26,852 40,888 67,740 32,752 66,736 99,488

i Deposit money institutions 17,793 17,205 34,998 19,700 34,569 54,270

ii Other deposit accepting institutions 5,084 4,745 9,829 8,008 6,351 14,359

iii Financial intermediaries 3,975 18,939 22,913 5,044 25,794 30,837

iv Financial auxiliaries - - - - - -

v Insurance and pension funds - - - - 21 21

3 Central Government 380,554 71,614 452,168 384,472 103,880 488,353

4 Provincial Governments - 60 60 - - -

5 Local Governments - - - - - -

6 Household - - - - - -

7 Non-profit institutions (NPIs) Serving Households - - - - - -

8 Non-Residents - - - - - -

9 Foreign Currency - - - - - -

B. Shares 45,616 304,041 349,657 46,848 336,224 383,073

1 Non-financial Corporations 12,032 291,447 303,478 11,792 312,886 324,678

i Public 1,708 194,824 196,533 1,777 197,267 199,044

ii Private 10,323 96,622 106,945 10,015 115,619 125,634

2 Financial Corporations 32,675 12,324 44,999 34,043 23,025 57,068

i Deposit money institutions 24,211 3,948 28,159 25,701 5,102 30,803

ii Other deposit accepting institutions 1,550 1,057 2,607 1,350 2,155 3,505

iii Financial intermediaries 5,597 7,078 12,676 5,745 15,262 21,007

iv Financial auxiliaries 1,016 - 1,016 979 - 979

v Insurance and pension funds 301 240 541 268 506 774

3 Central Government - - - - - -

4 Provincial Governments - - - - - -

5 Local Governments - - - - - -

6 Household - - - - - -

7 Non-profit institutions (NPIs) Serving Households - - - - - -

8 Non-residents 909 271 1,180 1,013 313 1,327

Total (A+B) 468,195 450,932 919,127 479,402 547,824 1,027,227

Source: Statistics & Data Warehouse Department SBP
* This includes Depository NBFCs, DFIs and MFIs.
** This includes Non-Depository NBFCs, PMRCL and HBFC.

23