Foreign currency deposits increase 1.18% MoM in March

MG News | April 16, 2024 at 06:09 PM GMT+05:00

0:00

April 16, 2024 (MLN): Foreign currency deposits during March 2024 stood at $6.47 billion, depicting an increase of 1.18% MoM, shows recently released SBP data on foreign currency deposits and its utilizations.

While on a year-on-year basis, it rose by 2.57% YoY.

According to the data, foreign currency deposits by residents stood at $5.64bn during the month under review which was 1.23% MoM higher as the deposits reported in the previous month stood at $5.57bn.

While compared to same month of last year, it rose by 1.44% YoY compared to deposits of $5.56bn.

As these deposits help to finance large fiscal and external current account deficits, during the month $441 million was utilized to finance the country's exports whereas, $1.31bn was utilized for import financing.

Further, $1.03bn was placed with SBP, while $91m and $822m were placed within Pakistani banks and outside Pakistan respectively.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	156,177.82 367.85M	-0.00% -3.12
ALLSHR	95,630.38 1,498.37M	-0.06% -60.44
KSE30	47,678.47 206.79M	-0.08% -35.92
KMI30	229,682.22 174.86M	-0.02% -39.87
KMIALLSHR	64,366.76 638.47M	-0.08% -53.31
BKTi	41,922.80 89.51M	-0.11% -46.72
OGTi	31,735.79 16.87M	-0.80% -255.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,925.00	117,685.00 115,625.00	-1165.00 -1.00%
BRENT CRUDE	68.35	68.59 67.79	-0.12 -0.18%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.41	64.67 63.83	-0.11 -0.17%
SUGAR #11 WORLD	16.27	16.59 16.26	-0.29 -1.75%