Monetary Aggregates: M1, M2 and M3

Monetary and Financial Statistics Division, Statistics & DWH Department

M1
Notes In
Circulation
(1)
End of Period
June - 2006
736,838
June - 2007
835,541
7
June-2008
976,781
2008-2009
July
989,375
August 1,012,814
September 1,102,591
October 1,103,663
November 1,116,321
December 1,127,591
January 1,122,436
Februaruy 1,126,552
March 1,109,390
April 1,115,781
May 1,166,722
June 1,146,082
2009-2010
July 1,161,365
August 1,178,662
September 1,255,367
October 1,237,682
November 1,348,581
December 1,292,190
January 1,294,018
February 1,302,977
March 1,271,682
April 1,276,629
May 1,299,340
June 1,289,389
2010-2011
July 1,311,118
August 1,344,342
September 1,383,250
October 1,431,040
November 1,516,942
December 1,508,986
January 1,505,086
February 1,510,593
March 1,503,889
April 1,489,298
May 1,512,362

(Million Rupees)

Securities
Other than
Shares3
(5)
-

M3
M2 Deposits held with National Saving
Non-Bank Financial
Schemes Deposits
Coins in
Companies
Outstanding
Total
held with
Total
Circulation4 (3)+(4)+(5)+(6)=(
(NBFCs)5
Amount (CDNS)6 Post Offices
(6)
7)
(8)
(9)
(10)
(7)+(8)+(9)+(10)
4,511
3,407,794
21,182
891,380
54,779
4,375,135
4,877
4,052,986
19,567
947,980
67,081
5,087,614

Transferable
Deposits1
(2)
1,979,336
2,315,217

Total
(1)+(2)=(3)
2,716,174
3,150,758

Other
Deposits2
(4)
687,109
897,351

2,320,177

3,296,958

1,232,568

1,887

5,386

4,536,799

1,027,635

78,956

5,643,390

2,215,453
2,177,482
2,119,358
2,065,185
2,118,329
2,191,921
2,163,074
2,200,981
2,234,730
2,243,723
2,337,460
2,475,134

3,204,828
3,190,296
3,221,949
3,168,848
3,234,650
3,319,512
3,285,510
3,327,533
3,344,120
3,359,504
3,504,182
3,621,216

1,219,160
1,242,799
1,290,729
1,284,228
1,286,553
1,310,964
1,293,330
1,292,710
1,292,867
1,306,118
1,334,908
1,342,782

1,931
1,981
1,930
1,875
2,321
1,816
1,710
481
363
338
324
308

5,583
5,437
5,472
5,440
5,428
5,494
5,516
5,532
5,554
5,570
5,597
5,591

4,431,502
4,440,513
4,520,080
4,460,391
4,528,952
4,637,786
4,586,066
4,626,256
4,642,904
4,671,530
4,845,011
4,969,897

1,037,415
1,043,804
1,048,888
1,061,067
1,068,241
1,078,554
1,102,362
1,127,143
1,197,642
1,232,512
1,270,832
1,288,710

79,537
79,727
78,571
77,601
78,815
77,803
79,979
83,775
85,556
84,322
85,502
89,727

5,548,454
5,564,044
5,647,539
5,599,059
5,676,008
5,794,143
5,768,407
5,837,174
5,926,102
5,988,364
6,201,345
6,348,334

2,403,352
2,394,851
2,429,331
2,439,794
2,443,177
2,566,930
2,545,261
2,553,312
2,611,567
2,692,950
2,716,768
2,841,817

3,564,717
3,573,513
3,684,698
3,677,476
3,791,758
3,859,120
3,839,279
3,856,289
3,883,249
3,969,579
4,016,108
4,131,206

1,362,362
1,335,726
1,343,815
1,363,638
1,395,226
1,456,625
1,417,986
1,423,879
1,406,475
1,399,440
1,449,851
1,478,097

307
555
273
256
248
233
223
205
198
190
184
165

5,595
5,650
5,696
5,744
5,162
5,747
5,697
5,683
5,557
5,625
5,657
5,593

4,932,981
4,915,444
5,034,482
5,047,114
5,192,394
5,321,725
5,263,185
5,286,056
5,295,479
5,374,834
5,471,800
5,615,061

1,324,351
1,345,104
1,350,755
1,375,376
1,384,625
1,400,298
1,418,604
1,432,369
1,451,956
1,468,193
1,485,885
1,505,987

89,727
88,933
90,173
91,135
91,639
92,466
93,064
94,140
95,332
95,749
95,847
97,615

6,347,059
6,349,481
6,475,410
6,513,625
6,668,658
6,814,489
6,774,853
6,812,565
6,842,767
6,938,776
7,053,532
7,218,663

2,779,083
2,780,221
2,833,063
2,862,034
2,918,225
3,040,414
3,025,499
3,062,673
3,084,199
3,106,829
3,188,636

4,090,201
4,124,563
4,216,313
4,293,074
4,435,167
4,549,400
4,530,585
4,573,266
4,588,088
4,596,127
4,700,998

1,419,552
1,415,470
1,433,456
1,428,501
1,469,418
1,566,688
1,552,430
1,551,122
1,544,585
1,575,179
1,627,564

157
144
144
129
119
111
110
93
88
79
75

5,693
5,669
5,440
5,216
5,597
5,698
5,685
5,644
5,917
6,206
6,271

5,515,603
5,545,846
5,655,353
5,726,920
5,910,301
6,121,897
6,088,810
6,130,125
6,138,678
6,177,591
6,334,908

1,519,202
1,534,573
1,551,081
1,564,440
1,577,627
1,593,500
1,623,044
1,646,500
1,670,505
1,690,836
1,709,119

95,141
95,371
94,979
93,910
92,465
91,686
99,321
100,064
101,866
101,397
101,397

7,129,946
7,175,790
7,301,413
7,385,270
7,580,393
7,807,083
7,811,175
7,876,689
7,911,049
7,969,824
8,145,424

1. Transferable Deposits comprise all deposits that are exchangeable on demand at par without penalty/restriction
2. These represent all claims other than transferable deposits in national currency or in foreign currency that are represented by evidence of deposits
3. Securities Other than Shares are short term negotiable instrumrnts that qualify for inclusion in broad money liabilities
4. Coins in circulation issued by Central Government are outside scope of Depository Corporations Survey. Therefore, they are not included in Broad Money Liabilities published through Depository
Corporations Survey on SBP website and Statistical Bulletin table 2.1
5. Prior to June 2008, the deposits in Non Bank Finance Companies were not part of Broad Money Liabilities. Following the MFSM guidelines the data of these companies is now covered under Other
Depository Corporations Survey. From June 2008 onward these deposits are now part of transferable and other deposits. These companies include Depository NBFCs, DFIs and MFBs
6. These are basically savings made by public through government schemes including SSCs, DSCs, Prize Bonds, National Saving accounts etc.
7. Monetary Survey compilation methodology has been revisited from June-08 under MFSM 2000 guidelines. Therefore, the data may not tally with the table 2.4 of statistical bulletin based on weekly
returns due to difference in classification, coverage and sectorization. The major changes in compilation methodology are published through explanatory notes available at :
http://www.sbp.org.pk/departments/stats/ntb.htm
Contact Person: Abdul Hamid Akhtar, Sr. Joint Director, Ph. 32453662
Post Offices Deposits for May-11 are provisional.