Foreign currency deposits decrease $105m in Oct

MG News | November 16, 2024 at 06:00 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 16, 2024 (MLN): Foreign currency deposits fell $105 million or 1.58% to $6.58 billion as of October 2024 comapred to last month, latest data released by the State Bank of Pakistan showed.

While on a year-on-year basis, deposits rose by $274m or 4.35%.

According to the data, foreign currency deposits by residents stood at $5.72bn during the month under review which was 2.02% lower as the deposits reported in the previous month stood at $5.84bn.

While compared to same month of last year, it rose by 3.55% compared to deposits of $5.52bn.

As these deposits help to finance large fiscal and external current account deficits, during the month $830m was utilized to finance the country's exports whereas, $1.49bn was utilized for import financing.

Further, $1.05bn was placed with SBP, while $77m and $325m were placed within Pakistani banks and outside Pakistan respectively.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,927.05 365.01M	-1.27% -2314.73
ALLSHR	109,270.69 838.76M	-1.19% -1312.98
KSE30	53,705.71 89.34M	-1.33% -726.00
KMI30	253,531.92 109.38M	-1.32% -3382.29
KMIALLSHR	70,152.63 543.97M	-1.25% -888.68
BKTi	50,997.50 18.73M	-1.38% -715.26
OGTi	36,216.08 8.18M	-1.21% -443.50

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,085.00	64,680.00 62,605.00	-1000.00 -1.56%
BRENT CRUDE	78.50	79.80 77.28	2.49 3.28%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	118.00	0.00 0.00	0.65 0.55%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	73.83	75.08 72.61	2.42 3.39%
SUGAR #11 WORLD	14.84	14.98 14.65	-0.04 -0.27%