ISLAMABAD: Despite ongoing economic challenges, the total amount of money in circulation in Pakistan rose to Rs42.07 trillion by April 2025, according to the latest figures shared by the State Bank of Pakistan (SBP). This increase reflects shifts in how people are using cash and bank deposits, along with the impact of rising inflation.
In comparison, the money supply was Rs41.99 trillion in March 2025 and Rs37.24 trillion in April 2024. This means the money supply grew by 0.17% over the past month and by 12.96% over the year.
According to the SBP data, Rs9.97 trillion of the total was in the form of currency notes, while Rs23.05 trillion was kept in transferable bank deposits, which are accounts where money can be taken out at any time without restrictions.
Although cash in circulation is usually high in Pakistan due to the large informal economy, it dropped by 2.6% in April compared to March. However, it was still 14.27% higher than in April 2024. This drop may be because people are withdrawing more cash to deal with high inflation.
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The SBP data also shows that “other deposits” stood at Rs5.73 trillion in April 2025, showing a 1.79% increase from March and a 2% rise compared to April last year. These deposits include fixed and savings accounts, which are not instantly accessible like regular bank deposits.
In addition, coins in circulation were recorded at Rs9.25 billion during April. This marks a slight increase from Rs9.2 billion in March 2025 but a decrease when compared to Rs9.43 billion in April 2024.
