71% Bank Accounts in Pakistan Have Balance of Less Than Rs. 50,000

Just 3 percent of bank accounts in Pakistan have a balance of over Rs. 1 million, according to central bank data The data shows that over 70 percent of the commercial bank accounts contain deposits of less than Rs. 50,000, while 26 percent of accounts have a balance between Rs. 50,000 and Rs. 1 million. A further breakdown shows that 51 percent of bank accounts have balance of less than Rs. 5,000 while 20 percent have a balance of less than Rs. 50,000. According to the State Bank of Pakistan’s (SBP) recently released Quarterly Payment Systems Review for the third quarter of FY25, digital payment channels processed 89 percent of all retail transactions by volume, with mobile app-based banking playing a crucial role. Retail payment volumes rose by 12 percent to reach 2,408 million transactions, while the total transaction value was worth Rs. 164 trillion. During the quarter, Raast processed 371 million transactions worth Rs. 8.5 trillion, bringing cumulative volumes since launch to 1.5 billion transactions valued at over Rs. 34 trillion. The RTGS system handled 1.5 million large-value transactions amounting to Rs. 347 trillion.