SBP transfers Rs2.428 trillion to federal government in FY25

The State Bank of Pakistan (SBP) has announced the transfer of Rs2.428 trillion to the federal government as a dividend for Financial Year 2024-25 (FY25), according to its Annual Financial Statements (AFS). 

This comes despite a 27% decline in the central bank’s net profit, which stood at Rs2.505 trillion for the year.

The SBP’s total assets rose to Rs26.48 trillion by June 30, 2025, compared to Rs24.20 trillion in FY24, while liabilities increased from Rs18.78 trillion to Rs20.55 trillion. Net assets and total equity accounted for Rs5.93 trillion. The central bank reported a total comprehensive income of Rs3.20 trillion, with profit before taxation of Rs2.508 trillion.

The Annual Financial Statement highlighted the composition of SBP assets, including Rs1.942 trillion in gold reserves, cash and bank balances of Rs0.003 trillion, foreign currency accounts and investments of Rs4.452 trillion, local investments of Rs5.314 trillion, and property, plant, and equipment worth Rs0.000171 trillion.

SBP’s foreign exchange reserves recorded a modest increase of $18 million for the week ending August 22, 2025, reaching $14.274 billion. Total liquid reserves stood at $19.618 billion, with $5.343 billion held by commercial banks, providing an estimated import cover of 2.7 months. 

The central bank had conducted net foreign exchange interventions totaling $7.8 billion between June 2024 and May 2025.

Gold reserves under SBP surged by 41% year-on-year to $6.84 billion in FY25, reflecting a combination of global price gains and the addition of 1,925 ounces to its holdings. 

Over the past five years, the central bank’s gold reserves have nearly doubled from $3.67 billion in FY20.