Foreign currency deposits increase $55m in Sep

MG News | October 16, 2024 at 09:39 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 16, 2024 (MLN): Foreign currency deposits rose $55m or 0.83% to $6.69 billion as of September 2024 comapred to last month, latest data released by the State Bank of Pakistan showed.

While on a year-on-year basis, deposits rose by $303m or 4.75%.

According to the data, foreign currency deposits by residents stood at $5.84bn during the month under review which was 1.05% higher as the deposits reported in the previous month stood at $5.78bn.

While compared to same month of last year, it rose by 4.15% compared to deposits of $5.6bn.

As these deposits help to finance large fiscal and external current account deficits, during the month $647 million was utilized to finance the country's exports whereas, $1.38bn was utilized for import financing.

Further, $1.06bn was placed with SBP, while $84m and $393m were placed within Pakistani banks and outside Pakistan respectively.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,470.00	64,470.00 63,875.00	255.00 0.40%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	92.83 87.68	-1.72 -1.87%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%