Foreign currency deposits inch down by 0.5% MoM in January

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	159,592.91 216.91M	0.31% 496.12
ALLSHR	97,116.33 768.06M	0.46% 445.03
KSE30	48,297.58 106.33M	0.31% 148.84
KMI30	228,607.02 68.07M	0.59% 1329.76
KMIALLSHR	63,247.23 258.39M	0.62% 387.33
BKTi	44,604.42 43.32M	0.63% 277.31
OGTi	30,819.67 8.30M	0.93% 283.08

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	104,160.00	104,220.00 99,425.00	2950.00 2.91%
BRENT CRUDE	63.70	64.39 63.23	0.32 0.50%
RICHARDS BAY COAL MONTHLY	87.25	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	96.75	96.75 96.75	-0.20 -0.21%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.84	60.46 59.32	0.41 0.69%
SUGAR #11 WORLD	14.13	14.37 14.07	-0.06 -0.42%