Tuesday, September 01 2026

SBP maintains remuneration rate on Special Cash Reserve Account for September
The State Bank of Pakistan (SBP) has slightly increased the rate of remuneration on the Special Cash Reserve Account (US$) to 2.71% for September 2026 from 2.66% in August 2026 and 2.65% in July 2026. This rate applies to deposits raised under FE-Circular25 of 1998, according to the latest circular issued by the SBP. Under the current framework, banks and non-bank financial institutions (NBFIs) are required to maintain cash reserves equivalent to 25% of their total FE-25 deposits with the SBP, comprising 5% in a Cash Reserve Account and 20% in a Special Cash Reserve Account. While the cash reserve is non-remunerative, the special cash reserve is remunerated monthly based on the rate notified by the SBP. As per the DMMD CircularLetter No. 03 of 2023, the remuneration rate is determined using the CME 1-month Term Secured Overnight Financing Rate (SOFR) published on the last working day of the previous month, minus 1% service charges.
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Gold muted as traders await US jobs data, monitor Mideast tensions
Gold prices remained subdued on Tuesday as traders assessed Middle East tensions and awaited ‌key US labour market data due this week that could shape expectations for Federal Reserve monetary policy. Spot gold was down 0.3% at $4,437.10 per ounce by 0235 GMT, after hitting its lowest level since ​August 19 in the previous session. US gold futures edged up 0.1% to $4,485.30. Key US data ​this week include job openings, the ADP employment report and nonfarm ⁠payrolls data that will be scrutinised for clues on labour market health and the interest rate ​outlook.
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Oil prices rise as latest fighting resurrects Middle East supply disruption risks
Oil prices gained on Tuesday as the ​resumption of fighting between the US and Iran in the Middle East renewed fears of ‌supply disruptions from the world’s key crude-producing region. Brent crude futures were up 56 cents, or 0.6%, to $91.05 a barrel at 0044 GMT, while US West Texas Intermediate crude was up 83 cents, or 1%, to $86.59. In the previous session, Brent closed up 2.7%, at ​one point reaching its highest since August 25, and WTI settled up 2.8%, touching its highest ​since August 21. On Monday, US President Donald Trump threatened further strikes against Iran following the first ⁠exchange of direct attacks between the countries in a month on Sunday, raising tensions in a conflict ​that had recently shifted into an economic standoff.
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Monday, August 31 2026

Banks’ deposits increase by 14% YoY to Rs39tr in July
The total deposits held by scheduled banks have moved up by 13.93% YoY to Rs39.05 trillion in July 2026 compared to Rs34.28tr in July 2025. According to data released by the SBP, Banks' deposits have edged lower by -4.48% MoM, compared to Rs40.89tr in June 2026. Total advances increased by 8.98% to Rs14.46tr compared to Rs13.27tr from a year ago. On a monthly basis, advances decreased by -5.3% from their value of Rs15.27tr in June 2026. Advances to Deposit Ratio (ADR) stood at 37.04% showing a decrease of 168 bps on a yearly basis, while showing a decrease of 32 bps on a monthly basis.
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Key Pakistan Market Stats and Economic Indicators
Market Data and Economic Indicators
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