Private sector credit rises as government borrowing from SBP declines in Oct

i INP-WEALTHPK

Private sector credit rises as government borrowing from SBP declines in Oct–Dec quarterBreaking

March 04, 2026

By Farooq Awan

Credit to the private sector increased during the October–December 2025 quarter, while net credit to the government sector from the State Bank of Pakistan (SBP) declined over the same period, according to the Economic Infographics report issued by the Institute of Cost and Management Accountants of Pakistan (ICMA).

SBP net credit to the government sector stood at Rs2,796.8 billion in October 2025. This declined to Rs2,582.3 billion in November 2025 and further to Rs2,310.6 billion in December 2025.

In contrast, credit to the private sector rose during the quarter. In October 2025, credit to the private sector was recorded at Rs9,945.8 billion. This increased to Rs10,522.7 billion in November 2025 and further to Rs10,930.9 billion by December 2025.

The data reflects a rise of nearly Rs985 billion in private sector credit between October and December 2025.

Total banking sector deposits also showed an increase during the quarter. Deposits stood at Rs35,148.6 billion in October 2025. In November 2025, deposits increased to Rs35,380.3 billion. By December 2025, total deposits had reached Rs37,430.7 billion.

Similarly, total investments of the banking sector increased during the quarter. Investments were recorded at Rs36,547.1 billion in October 2025. In November 2025, investments stood at Rs36,731.9 billion. By December 2025, total investments rose to Rs37,909.7 billion.

Total advances of the banking sector also showed growth during the period. Advances stood at Rs13,279.0 billion in October 2025. In November 2025, advances increased to Rs13,421.4 billion. By December 2025, advances reached Rs14,880.1 billion.

The figures reflect the banking sector’s position during the October–December 2025 quarter as compiled in ICMA’s Economic Infographics, based on official data sourced from the State Bank of Pakistan.

The report provides a quarterly snapshot of key financial indicators, including credit trends, deposits, investments, and advances in the banking sector. All figures are provisional and subject to revision by official sources.