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	153,966.36 220.48M	0.80% 1225.99
ALLSHR	92,315.63 371.19M	0.50% 457.15
KSE30	46,696.53 103.13M	1.02% 472.91
KMI30	222,292.88 92.17M	1.44% 3161.96
KMIALLSHR	60,009.47 205.97M	0.64% 384.18
BKTi	41,978.02 36.60M	-0.30% -126.44
OGTi	32,154.23 11.72M	0.24% 76.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,065.00	71,490.00 70,145.00	330.00 0.47%
BRENT CRUDE	102.74	104.35 100.21	2.80 2.80%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.50 -10.37%
ROTTERDAM COAL MONTHLY	119.50	119.50 119.50	0.50 0.42%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	91.64	92.29 88.50	3.51 3.98%
SUGAR #11 WORLD	15.66	15.67 15.40	0.14 0.90%