SBP reports 20pc decline in FY26 profit

KARACHI: The profit of the State Bank of Pakistan (SBP) declined sharply by 20 percent during the last fiscal year (FY26), mainly due to lower earnings compared to the previous year. The SBP on Thursday released its financial statements for the year ended June 30, 2026, along with the auditors’ report, on its website. According to the financial statements, the state bank posted a net profit of Rs1. 99 trillion in FY26, compared to Rs2. 499 trillion in FY25, marking a decline of Rs506 billion, or 20 percent, year-on-year. After accounting for appropriations as required under the accounting framework and statutory requirements, the surplus profit of Rs1. 932 trillion of the SBP has been remitted to the Federal Government. READ MORE: 40pc drop in SBP’s profit predicted These unconsolidated financial statements have been prepared in accordance with the requirements of the IFRS Accounting Standards (IFRSs) as issued by the International Accounting Standards Board (IASB). Simultaneously the financial statements and auditors’ report have also been transmitted to the Federal Government and the Majlis-e-Shoora (Parliament) in compliance with the Section 40(3) of the State Bank of Pakistan Act, 1956. Discount, interest, mark-up and profit earned on financial assets has fell to Rs2. 037 trillion in FY26 down from Rs2. 801 trillion in FY25. While, bank notes and prize bond printing charges increased from Rs24. 667 billion in FY25 to Rs29. 1 billion in FY26. Banknotes printing charges are paid to Pakistan Security Printing Corporation (Private) Limited (a wholly owned subsidiary of the SBP) at agreed rates under specific arrangements. SBP is the central bank of Pakistan and is incorporated under the State Bank of Pakistan Act, 1956 (amended up to January 28, 2022). The Bank’s primary responsibility is to achieve and maintain domestic price stability, to contribute to the stability of financial system of Pakistan and to support government’s general economic policies with a view to contributing to fostering the development and fuller utilisation of Pakistan’s productive resources. Copyright Business Recorder, 2026

Read full story on Business Recorder