Banking deposits surpass Rs35 trillion as the industry expands rapidly.

According to new data issued by the State Bank of Pakistan (SBP), deposits jumped beyond Rs35 trillion in October 2025, providing a much-needed boost to Pakistan’s banking industry.

According to the SBP report, national banks deposits reached Rs35.2 trillion in October 2025, up 13% year over year. Deposits were Rs31.1 trillion in the same month last year, indicating consistent public trust in the banking system.

SBP did point out that bank lending suffered. In just one year, the amount of loans decreased by 3.6 percent, from Rs13.8 trillion to Rs13.3 trillion. According to analysts, high interest rates may be “holding back” borrowers, which would “cool off” demand for loans.

However, banks kept investing in government securities without stopping.

According to the report, bank investment increased by 26.3% over the course of a year, with a total of Rs35.5 trillion invested in government documents. According to industry insiders, banks are “playing it safe” and opting for safe returns over lending to the private sector.

The SBP report presents a mixed picture overall, with deposits rapidly increasing, lending slowing, and government securities continuing to be the go-to option for banks wishing to “park their money safely.”