Foreign currency deposits rise to $6.8bn in March 2026
MG News | April 13, 2026 at 11:50 AM GMT+05:00
April 13, 2026 (MLN): Foreign currency deposits rose by $29.35m to
$6.814 billion as of March 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 were nearly flat,
edging up just $8.90m or 0.13% compared to $6.805bn in March 2025.
According to the data, foreign currency deposits by
residents stood at $5.88bn during the month under review, representing an
increase of $30.24m or 0.52% compared to $5.85bn reported in the previous
month. On a year-on-year basis, resident deposits rose marginally by $10m or
0.17% from $5.87bn in March 2025.
Meanwhile, non-resident deposits edged slightly lower,
falling to $934.72m in March 2026, a decline of $0.89m or 0.10% compared to
$935.61m in February 2026. Year-on-year, non-resident deposits also dipped
slightly by $1.1m or 0.12% from $935.82m in March 2025.
The resident deposits comprised $2.10bn in demand deposits,
$1.78bn in savings deposits, and $2bn in time deposits. Non-resident
deposits consisted of $599.56m in demand deposits, $213.98m in savings
deposits, and $121.18m in time deposits.
As these deposits help to finance large fiscal and external
current account deficits, during the month $785.23m was utilized for
pre-shipment financing, $138.82m for post-shipment financing, and $939.99m was
utilized for import financing.
Further, $1.48bn was placed with SBP and Pakistani banks, of
which $388.39m was placed under CRR1 requirements, $717.54m under SCRR2,
$14.13m with banks within Pakistan, and $358.02m with banks outside Pakistan.
Additionally, $698.70m were held as balances abroad, while
$268.76m remained as cash in hand.
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