Foreign currency deposits increase $54m in July

MG News | August 16, 2024 at 04:44 PM GMT+05:00

0:00

August 16, 2024 (MLN): Foreign currency deposits rose $54m or 0.81% MoM to $6.68 billion as of July 2024, latest data released by the State Bank of Pakistan showed.

While on a year-on-year basis, deposits rose by $290m or 4.54%.

According to the data, foreign currency deposits by residents stood at $5.77bn during the month under review which was 0.75% MoM higher as the deposits reported in the previous month stood at $5.73bn.

While compared to same month of last year, it rose by 2.89% YoY compared to deposits of $5.61bn.

As these deposits help to finance large fiscal and external current account deficits, during the month $551 million was utilized to finance the country's exports whereas, $1.39bn was utilized for import financing.

Further, $1.05bn was placed with SBP, while $94m and $536m were placed within Pakistani banks and outside Pakistan respectively.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,497.36 357.30M	-0.69% -1174.68
ALLSHR	101,339.29 778.53M	-0.68% -695.60
KSE30	51,409.14 194.39M	-0.77% -400.47
KMI30	243,225.72 109.29M	-0.72% -1761.16
KMIALLSHR	65,648.72 362.70M	-0.72% -474.94
BKTi	47,799.18 146.86M	-0.77% -371.87
OGTi	35,183.30 7.35M	-1.46% -521.89

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,550.00	77,840.00 76,800.00	360.00 0.47%
BRENT CRUDE	108.63	108.99 107.81	0.40 0.37%
RICHARDS BAY COAL MONTHLY	106.00	106.00 105.50	2.00 1.92%
ROTTERDAM COAL MONTHLY	104.35	104.35 102.00	0.55 0.53%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	96.94	97.36 96.24	0.57 0.59%
SUGAR #11 WORLD	13.99	14.30 13.95	-0.12 -0.85%