KARACHI: The State Bank of Pakistan’s consolidated profit fell nearly 20% to Rs 1.999 trillion for the fiscal year ended June 30, 2026, as a sharp decline in interest and markup earnings outweighed a turnaround in exchange-related gains, according to the central bank’s consolidated financial statements approved Thursday.
The central bank reported profit after tax of Rs 1.999 trillion, down from Rs 2.505 trillion a year earlier. Profit before tax declined to Rs 2.003 trillion from Rs 2.508 trillion.
The bank’s consolidated assets rose to Rs 28.841 trillion from Rs 26.480 trillion, while net assets increased to Rs 6.023 trillion from Rs 5.925 trillion.
Foreign currency accounts and investments grew to Rs 5.361 trillion, up from Rs 4.452 trillion a year earlier. Gold reserves were valued at Rs 2.334 trillion, compared with Rs 1.942 trillion in 2025, reflecting a Rs 389.1 billion unrealized gain from revaluation.
The bank’s holdings of securities purchased under agreements to resell also increased to Rs 15.601 trillion from Rs 12.543 trillion.
The State Bank said it transferred Rs 2.428 trillion in profit to the Government of Pakistan during the year, compared with Rs 2.683 trillion in the previous fiscal year.
The bank’s board also approved an allocation of Rs 50.726 billion to the general reserve. That allocation was not included in the 2026 financial statements and will be recorded in the accounts for the fiscal year ending June 30, 2027.
The financial statements were audited by KPMG Taseer Hadi & Co. and BDO Ebrahim & Co., which issued unmodified opinions stating that the statements presented a true and fair view of the bank’s financial position and performance.
