Foreign currency deposits remain flat at $6.92bn in Feb 2026

March 12, 2026 (MLN): Foreign currency deposits remained nearly flat, edging up just $0.06m to $6.917 billion as of February 2026 compared to last month, the latest data released by the State Bank of Pakistan showed.

While on a year-on-year basis, deposits rose by 4%.

According to the data, foreign currency deposits by residents stood at $5.95bn during the month under review, which was 0.54% lower as the deposits reported in the previous month stood at $5.98bn.

Meanwhile, non-resident deposits bucked the trend, rising to $970.76m in February 2026, representing an increase of $32.15m or 3.43% compared to $938.61m in January 2026.

The resident deposits comprised $2.18bn in demand deposits, $1.85bn in savings deposits, and $1.92bn in time deposits. Non-resident deposits consisted of $651.29m in demand deposits, $208.55m in savings deposits, and $110.92m in time deposits.

As these deposits help to finance large fiscal and external current account deficits, during the month $804.14m was utilized for pre-shipment financing, $146.52m for post-shipment financing, and $1.07bn was utilized for import financing.

Further, $1.33bn was placed with SBP and Pakistani banks, of which $385.30m was placed under CRR1 requirements, $712.71m under SCRR2, $16.64m with banks within Pakistan, and $218.08m with banks outside Pakistan.

Additionally, $616.95m were held as balances abroad, while $259.68m remained as cash in hand.

Copyright Mettis Link News