SBP’s Profit Drops by Rs. 751 Billion in FY25

The State Bank of Pakistan’s (SBP) profitability dropped by a massive Rs. 751 billion, or 21 percent, in the financial year 2024-25, compared to the profit earned in the previous year 2023-24. According to the SBP’s annual statement, the central bank earned a profit of Rs. 2,500 billion in FY25, down from Rs. 3,414 billion in FY24. As per law, the SBP remitted a surplus profit of Rs. 2,428 billion to the federal government. Earnings from interest income declined sharply, falling to Rs. 2,581 billion in FY25 from Rs. 3,273 billion in FY24. The regulator’s operating income also dropped, while it booked exchange losses during the year. The SBP paid Rs. 14.3 billion as agency commission to various banks, including the National Bank of Pakistan (NBP), Bank of Punjab (BOP), Sindh Bank Limited (SBL), Bank of Khyber (BOK), and member banks of 1Link, under an agreement for providing banking services to the federal and provincial governments as the SBP’s agents. By June 30, 2025, the central bank maintained foreign currency accounts and investments worth Rs. 4,451 billion, compared to Rs. 2,722 billion at the end of the last financial year. The SBP’s income remains exempt from tax under Section 49 of the State Bank of Pakistan Act, 1956, and Clause 66 (xx) of Part I of the Second Schedule to the Income Tax Ordinance, 2001.