ISLAMABAD: Bank deposits in Pakistan have surged to a record high of Rs 37,505 billion as of March 2026, according to a report by ARY News. The latest data released by the State Bank of Pakistan shows that the banking sector recorded a monthly growth of 2.50 percent alongside a significant annual increase of 18.60 percent.
The central bank’s figures reveal that deposits witnessed a massive inflow of Rs 919 billion within a single month. Consequently, this surge pushed total deposits beyond the previous peak of Rs 37,430 billion recorded in December 2025. On a year-on-year basis, deposits rose sharply by Rs 5,879 billion by March 2026, reflecting growing financial stability and improved savings trends.
Experts noted that the upward trajectory in deposits became more evident during 2025. Previously, growth remained constrained due to the Advance-to-Deposit Ratio tax, which discouraged deposit expansion. However, as regulatory pressures eased, savings momentum strengthened across the banking sector. Therefore, analysts expect this positive trend to continue, projecting deposit growth between 10 percent and 15 percent for the remainder of 2026.
Meanwhile, remittance inflows also showed strong performance. The State Bank of Pakistan reported that Pakistan received $3.5 billion in remittances in January 2026, marking a 15.4 percent increase compared to the same month last year. During the first seven months of the fiscal year, remittances rose by 11.3 percent to $23.2 billion.
In January, Saudi Arabia remained the largest contributor with $739.6 million, followed by the United Arab Emirates at $694.2 million. Additionally, the United Kingdom and the United States contributed $572.1 million and $294.7 million, respectively.
