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	152,665.72 407.27M	0.30% 463.85
ALLSHR	93,512.72 952.68M	0.19% 179.71
KSE30	46,499.67 117.63M	0.31% 145.67
KMI30	220,381.95 195.16M	0.52% 1131.16
KMIALLSHR	62,699.31 540.03M	0.32% 200.90
BKTi	41,648.07 111.30M	-0.24% -102.23
OGTi	30,874.07 15.20M	-0.04% -11.04

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,495.00	112,840.00 109,720.00	-2335.00 -2.07%
BRENT CRUDE	66.86	67.41 66.35	-0.74 -1.09%
RICHARDS BAY COAL MONTHLY	87.75	87.75 87.75	-0.75 -0.85%
ROTTERDAM COAL MONTHLY	95.55	96.15 95.50	-0.85 -0.88%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.33	63.84 62.72	-0.64 -1.00%
SUGAR #11 WORLD	15.70	16.09 15.66	-0.33 -2.06%