Foreign currency deposits increase 1.18% MoM in March

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

Add Mettisglobal as a Trusted Source on Google

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	177,370.71 271.87M	0.23% 404.02
ALLSHR	107,716.20 642.21M	0.11% 116.44
KSE30	52,827.24 82.38M	0.35% 182.71
KMI30	251,579.93 132.42M	0.03% 64.11
KMIALLSHR	69,528.14 417.99M	0.00% 2.11
BKTi	50,313.91 13.15M	1.11% 551.71
OGTi	36,509.94 8.96M	-0.87% -321.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,205.00	81,350.00 78,180.00	355.00 0.45%
BRENT CRUDE	89.11	92.90 88.75	-3.06 -3.32%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	-0.20 -0.18%
ROTTERDAM COAL MONTHLY	124.80	124.80 124.80	0.30 0.24%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	82.36	85.84 81.81	-2.65 -3.12%
SUGAR #11 WORLD	17.39	17.74 17.13	-0.26 -1.47%