Foreign currency deposits remain stable at $6.5bn in May

News Image

MG News | June 26, 2024 at 08:50 PM GMT+05:00

June 26, 2024 (MLN): Foreign currency deposits during the month of May 2024 stood at $6.53 billion, largely unchanged from the previous month, shows recently released SBP data on foreign currency deposits and its utilizations.

While on a year-on-year basis, it rose by 3.38% YoY.

According to the data, foreign currency deposits by residents stood at $5.64bn during the month under review which was 0.92% MoM lower as the deposits reported in the previous month stood at $5.69bn.

While compared to same month of last year, it rose by 1.55% YoY compared to deposits of $5.56bn.

As these deposits help to finance large fiscal and external current account deficits, during the month $518 million was utilized to finance the country's exports whereas, $1.47bn was utilized for import financing.

Further, $1.05bn was placed with SBP, while $96m and $485m were placed within Pakistani banks and outside Pakistan respectively.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 175,802.79
267.06M
-1.30%
-2320.78
ALLSHR 106,568.29
617.78M
-1.25%
-1352.24
KSE30 52,497.68
83.82M
-1.25%
-665.92
KMI30 247,323.37
106.69M
-1.37%
-3422.76
KMIALLSHR 68,315.26
363.70M
-1.37%
-952.13
BKTi 49,936.11
23.35M
-1.18%
-594.28
OGTi 34,758.02
9.23M
-1.71%
-605.59
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 63,415.00 64,350.00
62,570.00
-970.00
-1.51%
BRENT CRUDE 86.82 87.12
83.71
2.59
3.07%
RICHARDS BAY COAL MONTHLY 105.75 0.00
0.00
-0.15
-0.14%
ROTTERDAM COAL MONTHLY 120.00 120.30
120.00
0.20
0.17%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 80.90 81.25
77.93
2.62
3.35%
SUGAR #11 WORLD 14.88 14.89
14.39
0.44
3.05%

Chart of the Day


Latest News
July 17, 2026 at 06:51 PM GMT+05:00

Petroleum import bill clocks in at $1.5bn in June


July 17, 2026 at 06:28 PM GMT+05:00

Textile exports rise 13.5% YoY in June


July 17, 2026 at 05:39 PM GMT+05:00

Pakistan’s import payments climb to $64.5bn in FY26


July 17, 2026 at 05:08 PM GMT+05:00

PSX Closing Bell: The Show Is Over



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg