Data on Monetary Aggregates

1) Broad Money (M2)

(Stocks in Million Rupees)

Components

A. Currency in Circulation
B. Other Deposits with SBP
C. Total Deposits with Banks 1/
(i) Demand Deposits
(ii) Time Deposits
(iii) Residents Foreign Currency Deposits (RFCDs)
Broad Money (M2) (A+B+C)

Factors Affecting Broad Money (M2)

A. Net Foreign Assets of the Banking System
(i) State Bank of Pakistan2
(ii) Scheduled Banks
B. Net Domestic Assets of the Banking System (1+2+3)
(i) State Bank of Pakistan
(ii) Scheduled Banks
1. Net Government Sector Borrowings (a+b+c)
a. Borrowings for Budgetary Support3
(i) From SBP
a) Federal Government
of which deposits with SBP
b) Provincial Government
Balochistan Government
Khyber Pakhtunkhwa Government
Punjab Government
Sindh Government
c) AJK Government
d) Gilgit-Baltistan
(ii) From Scheduled banks
a) Federal Government
of which deposits with banks4
b) Provincial Government
of which deposits with banks4
b. Commodity Operations
c. Others
2. Credit to Non-Government Sector (a+b+c+d)
a. Credit to Private Sector*
Conventional Banking Branches
Islamic Banks
Islamic Banking Branches of Conventional Banks
b. Credit to Public Sectors Enterprises (PSEs)
c. PSEs Special Account-Debt Repayment with SBP
d. Credit to NBFIs
3. Other Items (net)
Broad Money (M2) (A+B)

Memorandum Items
Accrued profit on SBP holdings of MRTBs/MTBs
Outstanding amout of MTBs (realized value in auctuions)

From SBP
From Scheduled Banks
Data on Monetary Aggregates
1) Broad Money (M2)
(Stocks in Million Rupees)

Components

A. Currency in Circulation
B. Other Deposits with SBP
C. Total Deposits with Banks 1/
(i) Demand Deposits
(ii) Time Deposits
(iii) Residents Foreign Currency Deposits (RFCDs)
Broad Money (M2) (A+B+C)

Factors Affecting Broad Money (M2)

A. Net Foreign Assets of the Banking System
(i) State Bank of Pakistan2
(ii) Scheduled Banks
B. Net Domestic Assets of the Banking System (1+2+3)
(i) State Bank of Pakistan
(ii) Scheduled Banks
1. Net Government Sector Borrowings (a+b+c)
a. Borrowings for Budgetary Support3
(i) From SBP
a) Federal Government
of which deposits with SBP
b) Provincial Government
Balochistan Government
Khyber Pakhtunkhwa Government
Punjab Government
Sindh Government
c) AJK Government
d) Gilgit-Baltistan
(ii) From Scheduled banks
a) Federal Government
of which deposits with banks4
b) Provincial Government
of which deposits with banks4
b. Commodity Operations
c. Others
2. Credit to Non-Government Sector (a+b+c+d)
a. Credit to Private Sector*
Conventional Banking Branches
Islamic Banks
Islamic Banking Branches of Conventional Banks
b. Credit to Public Sectors Enterprises (PSEs)
c. PSEs Special Account-Debt Repayment with SBP
d. Credit to NBFIs
3. Other Items (net)
Broad Money (M2) (A+B)

Memorandum Items
Accrued profit on SBP holdings of MRTBs/MTBs
Outstanding amout of MTBs (realized value in auctuions)

From SBP
From Scheduled Banks
Data on Monetary Aggregates
1) Broad Money (M2)
(Stocks in Million Rupees)

Components

A. Currency in Circulation
B. Other Deposits with SBP
C. Total Deposits with Banks 1/
(i) Demand Deposits
(ii) Time Deposits
(iii) Residents Foreign Currency Deposits (RFCDs)
Broad Money (M2) (A+B+C)

Factors Affecting Broad Money (M2)

A. Net Foreign Assets of the Banking System
(i) State Bank of Pakistan2
(ii) Scheduled Banks
B. Net Domestic Assets of the Banking System (1+2+3)
(i) State Bank of Pakistan
(ii) Scheduled Banks
Growth
1. Net Government Sector Borrowings (a+b+c)
a. Borrowings for Budgetary Support3
(i) From SBP
a) Federal Government
of which deposits with SBP
b) Provincial Government
Balochistan Government
Khyber Pakhtunkhwa Government
Punjab Government
Sindh Government
c) AJK Government
d) Gilgit-Baltistan
(ii) From Scheduled banks
a) Federal Government
of which deposits with banks4
b) Provincial Government
of which deposits with banks4
b. Commodity Operations
c. Others
2. Credit to Non-Government Sector (a+b+c+d)
a. Credit to Private Sector*
Conventional Banking Branches
Islamic Banks
Islamic Banking Branches of Conventional Banks
b. Credit to Public Sectors Enterprises (PSEs)
c. PSEs Special Account-Debt Repayment with SBP
d. Credit to NBFIs
3. Other Items (net)
Broad Money (M2) (A+B)

Memorandum Items
Accrued profit on SBP holdings of MRTBs/MTBs
Outstanding amout of MTBs (realized value in auctuions)

From SBP
From Scheduled Banks
 6/30/2014 7/4/2014 7/11/2014 7/18/2014 7/25/2014 8/1/2014 8/8/2014
9,966,583 9,858,878 9,820,138 9,745,612 9,805,642 9,838,481 9,807,410

6/30/2018 15,997,162
7/6/2018 15,865,846
7/13/2018 15,781,970
7/20/2018 15,688,968
7/27/2018 15,626,277
8/3/2018 15,677,007
8/10/2018 15,610,128
8/17/2018 15,776,629
8/24/2018 15,846,059
8/31/2018 15,927,798
9/7/2018 15,824,601
9/14/2018 15,797,311
9/21/2018 15,794,981
9/28/2018 16,016,725
9/30/2018 16,019,591
10/5/2018 15,911,799
### 15,863,180
### 15,820,158
### 15,791,100
11/2/2018 15,922,349
11/9/2018 16,008,144
### 16,024,353
### 16,020,395
### 16,212,957
12/7/2018 16,254,051
### 16,361,646
### 16,354,286
### 16,441,662
### 16,574,426
1/4/2019 16,493,241
1/11/2019 16,355,788
1/18/2019 16,354,534
1/25/2019 16,282,558
2/1/2019 16,391,285
2/8/2019 16,310,672
2/15/2019 16,276,831
2/22/2019 16,233,956
3/1/2019 16,534,045
3/8/2019 16,547,173
3/15/2019 16,579,159
3/22/2019 16,502,386
3/29/2019 16,809,327
3/31/2019 16,810,064
4/5/2019 16,671,671
4/12/2019 16,615,061
4/19/2019 16,514,749
4/26/2019 16,537,744
 5/3/2019 16,560,378
5/10/2019 16,661,087
5/17/2019 16,770,387
5/24/2019 16,795,745
5/31/2019 17,102,511
6/7/2019 17,099,890
6/14/2019 17,287,883
6/21/2019 17,256,137
6/28/2019 17,805,716
6/30/2019 17,798,494
7/5/2019 17,566,749
7/12/2019 17,563,798
7/19/2019 17,517,607
7/26/2019 17,455,205
8/2/2019 17,572,477
8/9/2019 17,625,702
8/17/2019 17,625,437
8/23/2019 17,513,014
8/30/2019 17,668,040
9/6/2019 17,726,558
9/13/2019 17,826,923
9/20/2019 17,743,555
9/27/2019 17,812,259
9/30/2019 17,903,667
10/4/2019 17,827,155
### 17,867,482
### 17,808,302
### 17,771,841
11/1/2019 17,913,851
11/8/2019 17,891,479
### 17,890,836
### 17,867,312
### 18,051,589
12/6/2019 18,136,862
### 18,229,642
### 18,295,156
### 18,451,436
### 18,715,781
1/3/2020 18,509,614
1/10/2020 18,384,834
1/17/2020 18,343,983
1/24/2020 18,301,912
1/31/2020 18,425,506
2/7/2020 18,426,524
2/14/2020 18,483,572
2/21/2020 18,429,821
2/28/2020 18,679,018
3/6/2020 18,745,377
3/13/2020 18,845,991
3/20/2020 18,872,958
3/27/2020 19,145,547
3/31/2020 19,318,460
4/3/2020 19,283,835
4/10/2020 19,314,040
4/17/2020 19,310,179
4/24/2020 19,259,188
5/1/2020 19,496,614
5/8/2020 19,612,677
5/15/2020 19,767,150
5/22/2020 20,176,128
5/29/2020 20,071,827
6/5/2020 20,037,795
6/12/2020 20,051,704
6/19/2020 20,234,438
6/26/2020 20,599,273
6/30/2020 20,908,004
7/3/2020 20,784,726
7/10/2020 20,680,116
7/17/2020 20,567,129
7/24/2020 20,571,832
7/31/2020 20,744,117
8/7/2020 20,727,044
8/14/2020 20,704,040
8/21/2020 20,605,770
8/28/2020 20,740,044
9/4/2020 20,726,727
9/11/2020 20,752,197
9/18/2020 20,724,836
9/25/2020 20,903,465
9/30/2020 21,168,473
10/2/2020 21,038,099
10/9/2020 21,065,962
### 20,923,046
### 20,803,491
### 21,016,783
11/6/2020 20,974,098
### 20,991,812
### 21,022,613
### 21,104,673
12/4/2020 21,269,289
### 21,376,527
### 21,573,307
### 21,665,085
### 22,070,725
1/1/2021 22,070,817
1/8/2021 21,754,445
1/15/2021 21,566,478
1/22/2021 21,436,943
1/29/2021 21,610,218
2/5/2021 21,618,607
2/12/2021 21,640,167
2/19/2021 21,597,445
2/26/2021 21,868,092
3/5/2021 21,884,099
3/12/2021 22,113,494
3/19/2021 22,110,275
3/26/2021 22,188,699
3/31/2021 22,530,155
4/2/2021 22,347,506
4/9/2021 22,198,530
4/16/2021 22,074,196
4/23/2021 22,199,652
4/30/2021 22,540,748
5/7/2021 22,484,342
5/21/2021 22,568,396
5/28/2021 22,616,859
6/4/2021 22,950,155
6/11/2021 23,259,862
6/18/2021 23,402,580
6/25/2021 23,767,178
6/30/2014 9966583
7/4/2014 9858878.3
7/11/2014 9820137.8
7/18/2014 9745611.8
7/25/2014 9805642.3
8/1/2014 9838481
8/8/2014 9807409.8
8/15/2014 9762779.7
8/22/2014 9782109
8/29/2014 9818404.5
9/5/2014 9831849.3
9/12/2014 9809034.2
9/19/2014 9770511.6
9/26/2014 9820625.4
9/30/2014 9960539.7
10/3/2014 9900687.9
### 9961569.7
### 9927930.1
### 9911567.5
### 10039696
11/7/2014 10035724
### 10030629
### 9969102.6
### 10045973
12/5/2014 10113377
### 10163922
### 10162401
### 10239250
### 10409436
1/2/2015 10237878
1/9/2015 10230262
1/16/2015 10257488
1/23/2015 10259768
1/30/2015 10326845
2/6/2015 10346516
2/13/2015 10331918
2/20/2015 10331966
2/27/2015 10350647
3/6/2015 10405090
3/13/2015 10439710
3/20/2015 10437369
3/27/2015 10459752
3/31/2015 10534681
4/3/2015 10488300
4/10/2015 10559394
4/17/2015 10505998
4/24/2015 10494599
5/1/2015 10613789
5/8/2015 10656540
5/15/2015 10783302
5/22/2015 10757505
5/29/2015 10848372
6/5/2015 10897058
6/12/2015 10963218
6/19/2015 10974248
6/26/2015 11143013
6/30/2015 11282144
7/3/2015 11149901
7/10/2015 11125942
7/17/2015 11161990
7/24/2015 11194675
7/31/2015 11182966
8/7/2015 11129144
8/14/2015 11086339
8/21/2015 11039014
8/28/2015 11062025
9/4/2015 11135116
9/11/2015 11137556
9/18/2015 11213825
9/25/2015 11335030
9/30/2015 11401923
10/2/2015 11356752
10/9/2015 11327467
### 11295108
### 11256219
### 11286959
11/6/2015 11309982
### 11333610
### 11321448
### 11339486
12/4/2015 11438729
### 11486087
### 11488940
### 11539757
### 11761876
1/1/2016 11753981
1/8/2016 11613426
1/15/2016 11594223
1/22/2016 11576673
1/29/2016 11598825
2/5/2016 11644477
2/12/2016 11681095
2/19/2016 11654407
2/26/2016 11641656
3/4/2016 11722139
3/11/2016 11788904
3/18/2016 11825853
3/25/2016 11844226
3/31/2016 11959738
4/1/2016 11904117
4/8/2016 11960421
4/15/2016 11973345
4/22/2016 11949818
4/29/2016 11966026
5/6/2016 11999084
5/13/2016 12063220
5/20/2016 12037816
5/27/2016 12148416
6/3/2016 12172057
6/10/2016 12318349
6/17/2016 12366179
6/24/2016 12504776
6/30/2016 12824853
7/1/2016 12824853
7/8/2016 12698542
7/15/2016 12682451
7/22/2016 12658498
7/29/2016 12631997
8/5/2016 12588405
8/12/2016 12574700
8/19/2016 12601394
8/26/2016 12527897
9/2/2016 12619168
9/9/2016 12700697
9/16/2016 12774156
9/23/2016 12729120
9/30/2016 12854480
10/7/2016 12823136
### 12859570
### 12823453
### 12867813
11/4/2016 12930912
### 12973548
### 12967864
### 12970930
12/2/2016 13056736
12/9/2016 13125509
### 13168235
### 13181560
### 13532095
### 13470710
1/6/2017 13304449
1/13/2017 13275513
1/20/2017 13237136
1/27/2017 13149333
 2/3/2017 13200978
2/10/2017 13214844
2/17/2017 13223308
2/24/2017 13226899
3/3/2017 13365788
3/10/2017 13417742
3/17/2017 13413226
3/24/2017 13432458
3/31/2017 13580915
4/7/2017 13574142
4/14/2017 13608816
4/21/2017 13587057
4/28/2017 13631698
5/5/2017 13664961
5/12/2017 13829544
5/19/2017 13758859
5/26/2017 13863983
6/2/2017 14031904
6/9/2017 14077863
6/16/2017 14200536
6/23/2017 14538883
6/30/2017 14580882
7/7/2017 14543750
7/14/2017 14408214
7/21/2017 14409865
7/28/2017 14268940
8/4/2017 14285608
8/11/2017 14282892
8/18/2017 14235172
8/25/2017 14325626
9/1/2017 14456424
9/8/2017 14450291
9/15/2017 14446060
9/22/2017 14405005
9/29/2017 14488598
9/30/2017 14492474
10/6/2017 14472511
### 14479415
### 14409758
### 14417424
11/3/2017 14508391
### 14503209
### 14513684
### 14503835
12/1/2017 14649753
12/8/2017 14675200
### 14708000
### 14777497
### 14960244
### 14917263
1/5/2018 14814747
1/12/2018 14821416
1/19/2018 14744215
1/26/2018 14668520
2/2/2018 14661597
2/9/2018 14686158
2/16/2018 14701892
2/23/2018 14723518
3/2/2018 14860513 Chart Title
25,000,000
3/9/2018 14896751
3/16/2018 14933438
3/23/2018 15009907 20,000,000
3/30/2018 15334337
3/31/2018 15283302
4/6/2018 15224519 15,000,000
4/13/2018 15236626
4/20/2018 15130843
10,000,000
4/27/2018 15182684
5/4/2018 15297191
5/11/2018 15339361 5,000,000
5/18/2018 15295227
5/25/2018 15403060
6/1/2018 15558051 0
6/8/2018 15580641 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6
6/15/2018 15728490
6/22/2018 15789360
6/29/2018 16046157
6/30/2018 15997162
8/15/2014 8/22/2014 8/29/2014 9/5/2014 9/12/2014 9/19/2014 9/26/2014 9/30/2014 10/3/2014
9,762,780 9,782,109 9,818,404 9,831,849 9,809,034 9,770,512 9,820,625 9,960,540 9,900,688
 Chart Title

4 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020

10/10/2014 10/17/2014 10/24/2014 10/31/2014 11/7/2014 11/14/2014 11/21/2014 11/28/2014 12/5/2014
9,961,570 9,927,930 9,911,567 10,039,696 10,035,724 10,030,629 9,969,103 10,045,973 10,113,377
12/12/2014 12/19/2014 12/26/2014 12/31/2014 1/2/2015 1/9/2015 1/16/2015 1/23/2015 1/30/2015
10,163,922 10,162,401 10,239,250 10,409,436 10,237,878 10,230,262 10,257,488 10,259,768 10,326,845
 2/6/2015 2/13/2015 2/20/2015 2/27/2015 3/6/2015 3/13/2015 3/20/2015 3/27/2015 3/31/2015
10,346,516 10,331,918 10,331,966 10,350,647 10,405,090 10,439,710 10,437,369 10,459,752 10,534,681
 4/3/2015 4/10/2015 4/17/2015 4/24/2015 5/1/2015 5/8/2015 5/15/2015 5/22/2015 5/29/2015
10,488,300 10,559,394 10,505,998 10,494,599 10,613,789 10,656,540 10,783,302 10,757,505 10,848,372
 6/5/2015 6/12/2015 6/19/2015 6/26/2015 6/30/2015 7/3/2015 7/10/2015 7/17/2015 7/24/2015
10,897,058 10,963,218 10,974,248 11,143,013 11,282,144 11,149,901 11,125,942 11,161,990 11,194,675
7/31/2015 8/7/2015 8/14/2015 8/21/2015 8/28/2015 9/4/2015 9/11/2015 9/18/2015 9/25/2015
11,182,966 11,129,144 11,086,339 11,039,014 11,062,025 11,135,116 11,137,556 11,213,825 11,335,030
9/30/2015 10/2/2015 10/9/2015 10/16/2015 10/23/2015 10/30/2015 11/6/2015 11/13/2015 11/20/2015
11,401,923 11,356,752 11,327,467 11,295,108 11,256,219 11,286,959 11,309,982 11,333,610 11,321,448
11/27/2015 12/4/2015 12/11/2015 12/18/2015 12/25/2015 12/31/2015 1/1/2016 1/8/2016 1/15/2016
11,339,486 11,438,729 11,486,087 11,488,940 11,539,757 11,761,876 11,753,981 11,613,426 11,594,223
1/22/2016 1/29/2016 2/5/2016 2/12/2016 2/19/2016 2/26/2016 3/4/2016 3/11/2016 3/18/2016
11,576,673 11,598,825 11,644,477 11,681,095 11,654,407 11,641,656 11,722,139 11,788,904 11,825,853
3/25/2016 3/31/2016 4/1/2016 4/8/2016 4/15/2016 4/22/2016 4/29/2016 5/6/2016 5/13/2016
11,844,226 11,959,738 11,904,117 11,960,421 11,973,345 11,949,818 11,966,026 11,999,084 12,063,220
5/20/2016 5/27/2016 6/3/2016 6/10/2016 6/17/2016 6/24/2016 6/30/2016 7/1/2016 7/8/2016
12,037,816 12,148,416 12,172,057 12,318,349 12,366,179 12,504,776 12,824,853 12,824,853 12,698,542
7/15/2016 7/22/2016 7/29/2016 8/5/2016 8/12/2016 8/19/2016 8/26/2016 9/2/2016 9/9/2016
12,682,451 12,658,498 12,631,997 12,588,405 12,574,700 12,601,394 12,527,897 12,619,168 12,700,697
9/16/2016 9/23/2016 9/30/2016 10/7/2016 10/14/2016 10/21/2016 10/28/2016 11/4/2016 11/11/2016
12,774,156 12,729,120 12,854,480 12,823,136 12,859,570 12,823,453 12,867,813 12,930,912 12,973,548
11/18/2016 11/25/2016 12/2/2016 12/9/2016 12/16/2016 12/23/2016 12/30/2016 12/31/2016
12,967,864 12,970,930 13,056,736 13,125,509 13,168,235 13,181,560 13,532,095 13,470,710
 1/6/2017 1/13/2017 1/20/2017 1/27/2017 2/3/2017 2/10/2017 2/17/2017 2/24/2017 3/3/2017
13,304,449 13,275,513 13,237,136 13,149,333 13,200,978 13,214,844 13,223,308 13,226,899 13,365,788
3/10/2017 3/17/2017 3/24/2017 3/31/2017 4/7/2017 4/14/2017 4/21/2017 4/28/2017 5/5/2017
13,417,742 13,413,226 13,432,458 13,580,915 13,574,142 13,608,816 13,587,057 13,631,698 13,664,961

Chart Title
12

10

0
 5/12/2017 5/19/2017 5/26/2017 6/2/2017 6/9/2017 6/16/2017 6/23/2017 6/30/2017 7/7/2017
13,829,544 13,758,859 13,863,983 14,031,904 14,077,863 14,200,536 14,538,883 14,580,882 14,543,750

Chart Title
7/14/2017 7/21/2017 7/28/2017 8/4/2017 8/11/2017 8/18/2017 8/25/2017 9/1/2017 9/8/2017
14,408,214 14,409,865 14,268,940 14,285,608 14,282,892 14,235,172 14,325,626 14,456,424 14,450,291
9/15/2017 9/22/2017 9/29/2017 9/30/2017 10/6/2017 10/13/2017 10/20/2017 10/27/2017 11/3/2017
14,446,060 14,405,005 14,488,598 14,492,474 14,472,511 14,479,415 14,409,758 14,417,424 14,508,391
11/10/2017 11/17/2017 11/24/2017 12/1/2017 12/8/2017 12/15/2017 12/22/2017 12/29/2017 12/31/2017
14,503,209 14,513,684 14,503,835 14,649,753 14,675,200 14,708,000 14,777,497 14,960,244 14,917,263
 1/5/2018 1/12/2018 1/19/2018 1/26/2018 2/2/2018 2/9/2018 2/16/2018 2/23/2018 3/2/2018
14,814,747 14,821,416 14,744,215 14,668,520 14,661,597 14,686,158 14,701,892 14,723,518 14,860,513
 3/9/2018 3/16/2018 3/23/2018 3/30/2018 3/31/2018 4/6/2018 4/13/2018 4/20/2018 4/27/2018
14,896,751 14,933,438 15,009,907 15,334,337 15,283,302 15,224,519 15,236,626 15,130,843 15,182,684
 5/4/2018 5/11/2018 5/18/2018 5/25/2018 6/1/2018 6/8/2018 6/15/2018 6/22/2018 6/29/2018
15,297,191 15,339,361 15,295,227 15,403,060 15,558,051 15,580,641 15,728,490 15,789,360 16,046,157
6/30/2018
15,997,162