Foreign currency deposits fall by $25m in May 2026
MG News | June 11, 2026 at 04:00 PM GMT+05:00
June 11, 2026
(MLN): Foreign currency
deposits fell by $24.91m to $6.761 billion in May 2026 compared to the previous
month, the latest data released by the State Bank of Pakistan showed.
On a year-on-year basis, total
deposits declined by $174.22m or 2.51% compared to $6.936bn in May 2025.
According to the data, foreign
currency deposits by residents stood at $5.749bn during the month under review,
representing a decrease of $75.94m or 1.30% compared to $5.825bn reported in
the previous month.
On a year-on-year basis, resident
deposits fell by $290.82m or 4.82% from $6.040bn in May 2025.
Meanwhile, non-resident deposits rose
to $1.012bn in May 2026, an increase of $51.02m or 5.31% compared to $961.29m
in April 2026.
Year-on-year, non-resident deposits
climbed by $116.59m or 13.02% from $895.72m in May 2025.
The resident deposits comprised
$2.107bn in demand deposits, $1.608bn in savings deposits, and $2.034bn in time
deposits.
Non-resident deposits consisted of
$604.74m in demand deposits, $222.77m in savings deposits, and $184.81m in time
deposits.
As these deposits help to finance
large fiscal and external current account deficits, during the month $740.36m
was utilized for pre-shipment financing, $132.98m for post-shipment financing,
and $967.52m for import financing.
Further, $1.534bn was placed with SBP
and Pakistani banks, of which $386.92m was placed under CRR requirements,
$712.58m under SCRR requirements, $18.19m with banks within Pakistan, and
$415.88m with banks outside Pakistan.
Additionally, $827.84m were held as
balances abroad, while $261.44m remained as cash in hand.
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