Foreign currency deposits inch down by 0.5% MoM in January

News Image

MG News | February 15, 2024 at 07:55 PM GMT+05:00

0:00

February 15, 2024 (MLN): Foreign currency deposits during the month of January 2024 stood at $6.35 billion, depicting a decrease of 0.48% MoM, shows recently released SBP data on foreign currency deposits and its utilizations.

While on a year-on-year basis, it fell by 0.5% YoY.

According to the data, foreign currency deposits by residents stood at $5.53bn during the month under review which was 0.66% MoM lower as the deposits reported in the previous month stood at $5.57bn.

While compared to same month of last year, it fell by 1.28% YoY compared to deposits of $5.6bn.

As these deposits help to finance large fiscal and external current account deficits, during the month $481 million was utilized to finance the country's exports whereas, $1.44bn was utilized for import financing.

Further, $1.01bn was placed with SBP, while $80m and $510m were placed within Pakistani banks and outside Pakistan respectively.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,580.00 119,740.00
118,145.00
285.00
0.24%
BRENT CRUDE 73.17 73.63
71.75
0.66
0.91%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.99 70.51
68.45
0.78
1.13%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg