The State Bank of Pakistan (SBP) has officially released its annual financial statements for the fiscal year 2024-25, accompanied by the auditors’ report, highlighting the central bank’s financial performance and compliance with statutory requirements. The statements are publicly available on the SBP website and have been submitted to the Federal Government and Majlis-e-Shoora, fulfilling the mandates of Section 40(3) of the State Bank of Pakistan Act, 1956.
For FY 2024-25, the SBP posted a net profit of Rs. 2,500 billion. After accounting for statutory appropriations and internal accounting obligations, the central bank transferred a surplus of Rs. 2,428 billion to the federal government. This contribution continues to serve as a significant source of non-tax revenue, supporting government operations and providing a critical buffer for fiscal planning and debt servicing.
The release of these financial statements underscores SBP’s commitment to transparency, regulatory compliance, and effective financial governance. Analysts highlight that such disclosures are essential for maintaining confidence in the central bank’s operations, especially given the complex macroeconomic environment and the pressures on Pakistan’s monetary and fiscal systems.
The auditors’ report confirms that the SBP’s accounts have been prepared in accordance with applicable accounting standards, reflecting both conventional and Shariah-compliant operations. This includes the management of interest-bearing instruments, open market operations, foreign currency investments, and other financial instruments used to stabilize the banking system and ensure liquidity within the financial sector.
Through these operations, the SBP plays a crucial role in managing the country’s monetary policy and maintaining overall financial stability. The surplus profit transferred to the federal government serves as a vital resource for financing public expenditures, reducing the fiscal deficit, and providing support for ongoing development and social programs.
The FY 2024-25 results also reflect the central bank’s operational resilience, despite facing challenges such as fluctuating interest income, exchange rate volatility, and pressures on international reserves. By adhering to stringent accounting frameworks and regulatory oversight, the SBP has continued to generate significant surplus while sustaining its core functions, including banking supervision, currency issuance, and liquidity management.
Market observers note that such transparency and fiscal contribution reinforce the credibility of the SBP as a central institution in Pakistan’s financial ecosystem. By providing detailed financial statements and remitting substantial surpluses to the government, the central bank not only demonstrates accountability but also supports broader economic stability and policy implementation.
In summary, the release of the FY 2024-25 financial statements, along with the Rs. 2,428 billion surplus transfer, highlights the SBP’s dual role as a central bank managing monetary policy and a key contributor to national fiscal health. This step emphasizes its ongoing commitment to operational transparency, effective governance, and the maintenance of confidence in Pakistan’s financial system.