Summary Balance of Payments as per BPM6 - April 2023 Items Jul-Jun FY21 Current Account Balance -2,820 Current Account Balance without Official Transfers -3,079 25,639 Exports of Goods FOB Apr FY22 Mar Jan-Mar (Million US$) Jul-Apr FY22 FY23P Jul-Jun FY22 Jul-Sep FY23 Oct-Dec FY23 -640 -17,481 -2,446 -1,314 750 484 18 -13,654 -672 -17,823 -2,529 -1,406 724 408 -15 -13,949 -3,542 3,152 32,493 7,391 6,841 2,438 6,867 2,112 26,858 23,211 R R FY23 Apr P FY23 FY23 -3,258 Imports of Goods FOB 54,273 5,959 71,543 16,380 13,262 3,991 11,853 3,707 58,705 45,202 Balance on Trade in Goods -28,634 -2,807 -39,050 -8,989 -6,421 -1,553 -4,986 -1,595 -31,847 -21,991 Exports of Services 5,945 645 7,102 1,654 2,080 610 1,789 486 5,923 6,009 Imports of Services 8,461 1,091 12,942 1,935 1,983 635 1,827 667 10,635 6,412 Balance on Trade in Services -2,516 -446 -5,840 -281 97 -25 -38 -181 -4,712 -403 Balance on Trade in Goods and Services -31,150 -3,253 -44,890 -9,270 -6,324 -1,578 -5,024 -1,776 -36,559 -22,394 Primary Income Credit 508 44 652 255 213 88 298 44 509 810 Primary Income Debit 4,908 658 5,900 1,283 1,824 535 1,553 597 4,920 5,257 Balance on Primary Income -4,400 -614 -5,248 -1,028 -1,611 -447 -1,255 -553 -4,411 -4,447 Balance on Goods, Services and Primary Income -35,550 -3,867 -50,138 -10,298 -7,935 -2,025 -6,279 -2,329 -40,970 -26,841 Secondary Income Credit 33,027 3,249 32,949 7,891 6,728 2,803 6,848 2,366 27,565 23,833 281 34 376 84 97 29 81 33 317 295 Current International Cooperation 34 0 54 2 1 1 9 1 53 13 Other Official Current Transfers 247 34 322 82 96 28 72 32 264 282 32,746 3,215 32,573 7,807 6,631 2,774 6,767 2,333 27,248 23,538 29,450 3,124 31,279 7,686 6,426 2,537 6,419 2,211 26,143 22,742 Other Personal Transfers 0 0 0 0 0 0 0 0 0 0 Other Current Transfers 3,296 91 1,294 121 205 237 348 122 1,105 796 General Government Financial Corporations, NFCs*, Households and NPISHs Workers' Remittances Secondary Income Debit Balance on Secondary Income Capital Account Balance Capital Account Credit 297 22 292 39 107 28 85 19 249 250 32,730 3,227 32,657 7,852 6,621 2,775 6,763 2,347 27,316 23,583 224 16 205 34 283 11 31 10 182 358 224 16 205 34 283 11 31 10 182 358 Capital Account Debit Net Lending (+) / Net Borrowing (–) (Balance from Current and Capital Accounts) 0 0 0 0 0 0 0 0 0 0 -2,596 -624 -17,276 -2,412 -1,031 761 515 28 -13,472 -2,900 Financial Account -8,768 260 -11,261 -217 1,209 205 1,188 -309 -8,140 1,871 -1,648 -142 -1,702 -205 784 -125 -386 -89 -1,348 104 171 29 234 97 1,045 38 101 33 176 1,276 988 Direct Investment Direct Investment Abroad Equity and Investment Fund Shares (including Reinvested Earnings) 43 -1 48 7 961 10 15 5 50 Debt Instruments 128 30 186 90 84 28 86 28 126 288 Direct Investment in Pakistan 1,819 171 1,936 302 261 163 487 122 1,524 1,172 1,790 123 1,590 342 267 166 428 113 1,347 1,150 29 48 346 -40 -6 -3 59 9 177 22 -2,774 41 55 30 1,003 -2 -17 -8 -140 1,008 Equity and Investment Fund Shares (including Reinvested Earnings) Debt Instruments Portfolio Investment Portfolio Investment Abroad -12 -5 -24 0 0 0 -1 -1 -24 -2 Equity and Investment Fund Shares** -24 -1 9 0 0 0 -1 -1 9 -2 Debt Securities 12 -4 -33 0 0 0 0 0 -33 0 2,762 -46 -79 -30 -1,003 2 16 7 116 -1,010 Equity and Investment Fund Shares** -294 -17 -388 -11 -1 2 7 6 -358 1 Debt Securities 3,056 -29 309 -19 -1,002 0 9 1 474 -1,011 Portfolio Investment in Pakistan Financial Derivatives (Other than Reserves) and Employee Stock Options Other Investment Net Acquisition of Financial Assets Central Bank Deposit Taking Corporations 0 1 -1 -1 -6 -1 -3 0 -3 -10 -4,346 360 -9,613 -41 -572 333 1,594 -212 -6,649 769 1,345 235 2,613 36 -1,430 644 563 -306 2,686 -1,137 0 0 0 0 0 0 0 0 0 0 608 0 382 -21 -191 654 587 -98 644 277 -898 General Government 15 0 914 11 -909 0 0 0 909 Other Sector 722 235 1,317 46 -330 -10 -24 -208 1,133 -516 Net Incurrence of Liabilities 5,691 -125 12,226 77 -858 311 -1,031 -94 9,335 -1,906 Central Bank -1,468 0 -1 3 0 0 -3 0 -1 0 499 137 846 -25 -122 744 1,199 137 628 1,189 General Government 5,738 -502 6,117 245 -519 -292 -1,793 54 4,537 -2,013 Disbursements 9,808 249 11,256 2,206 3,151 273 1,673 283 8,032 7,313 500 0 1,053 1,166 0 0 0 0 1,053 1,166 Other Long Term 8,060 149 7,989 639 2,791 173 1,391 183 5,085 5,004 Short Term 1,248 100 2,214 401 360 100 282 100 1,894 1,143 5,855 572 8,343 1,861 3,560 557 3,385 233 6,977 9,039 0 0 0 0 0 0 0 0 0 0 5,071 504 7,811 1,415 3,228 557 2,978 233 6,470 7,854 Deposit Taking Corporations Credit and Loans with the IMF (Other than Reserves) Amortization Credit and Loans with the IMF (Other than Reserves) Other Long Term Short Term 784 68 532 446 332 0 407 0 507 1,185 Other Liabilities (Net) 1,785 -179 3,204 -100 -110 -8 -81 4 3,482 -287 Summary Balance of Payments as per BPM6 - April 2023 Jul-Jun FY21 Items Other Sector Apr FY22 Jul-Jun FY22 Jul-Sep FY23 Oct-Dec FY23 Mar Jan-Mar R R FY23 (Million US$) Jul-Apr FY22 FY23P Apr P FY23 FY23 922 240 2,491 -146 -217 -141 -434 -285 1,398 Disbursements 2,163 371 3,271 81 175 39 51 1 2,032 308 Amortization 1,253 164 1,111 315 477 68 429 174 855 1,395 12 33 331 88 85 -112 -56 -112 221 5 0 0 2,773 0 0 0 0 0 2,773 0 -619 176 -303 177 -26 80 -14 48 -488 185 Other Liabilities (Net) Allocation of SDRs Net Errors and Omissions -1,082 Overall Balance -5,553 708 6,318 2,018 2,266 -636 687 -385 5,820 4,586 Reserves and Related Items 5,553 -708 -6,318 -2,018 -2,266 636 -687 385 -5,820 -4,586 Reserve Assets 4,473 -708 -7,333 -2,219 -2,546 430 -893 385 -6,554 -5,273 Use of Fund Credit and Loans Exceptional Financing SBP Gross Reserves incl CFC less RBI Unsettled Claims*** -1,080 0 0 0 -1,015 0 -201 0 -280 0 -206 0 -206 0 0 0 -734 0 -687 0 18,716 11,937 11,090 8,602 6,159 5,312 5,312 5,674 11,937 5,674 CRR/SCRR 1,230 1,185 1,026 557 458 1,014 1,014 1,114 1,185 1,114 SBP Reserves (Excluding CRR /SCRR) 17,486 10,752 10,064 8,045 5,702 4,299 4,299 4,559 10,752 4,559 SBP Reserves excluding CRR/SCRR, Net ACU, Foreign Currency Cash holding@ DMB's Reserves - Net of CRR/SCRR 17,299 10,499 9,815 7,860 5,586 4,208 4,208 4,458 10,499 4,458 1,387 1,384 1,926 1,924 1,629 1,628 1,590 1,589 1,369 1,369 1,918 1,917 1,918 1,917 1,805 1,804 1,926 1,924 1,805 1,804 Exports of Goods and Services 31,584 3,797 39,595 9,045 8,921 3,048 8,656 2,598 32,781 29,220 Exports of Non Factor Services 5,945 645 7,102 1,654 2,080 610 1,789 486 5,923 6,009 Export Growth (Goods) over corresponding period 13.8 36.8 26.7 2.7 -14.9 -20.6 -18.9 -33.0 27.8 -13.6 Imports Growth (Goods) over corresponding period 24.4 19.8 31.8 -4.2 -27.7 -34.7 -31.5 -37.8 - - - - 36.4 - -23.0 - DMB's Reserves - Net of CRR/SCRR & Placements Other than FE25 Memorandum Items: Current Account % of GDP GDP**** -0.8 348,008 - -4.6 376,099 - R: Revised; P: Provisional * Non Financial Corporations. ** Including Reinvested Earnings *** Includes Cash Foreign Currency holding and excludes unsettled claim on RBI. **** GDP relates to specific period under the column. GDP on current basic price of 2015-16 as per PBS website has been converted to US$ at period average M2M exchange rate. @ excludes Net ACU Balance from June, 2020 onward See press release of latest BPM6 revisions at: http://www.sbp.org.pk/departments/stats/ntb.htm See press release of BPM6 at: http://www.sbp.org.pk/press/2013/BPM6-16-Aug-2013.pdf FAQs on Conversion from BPM5 to BPM6 at: http://www.imf.org/external/pubs/ft/bop/2007/bpm6faq.pdf Notes: 1. Data Sources: The data is collected from a number of sources including authorized dealers(banks, exchange companies), economic affairs division, Pakistani missions abroad, domestic and foreign shipping and airline companies, various departments/divisions of State Bank of Pakistan and other relevant quarters. 2. Accounting Treatment: ITRS data is on cash basis. Adjustments of outstanding export bills, re-invested earnings etc. are done to make the data on accrual basis. Economic Affairs Division records their loans on due for payment basis; resultantly, current account is both on cash and accrual basis. Re-invested earning is currently being calculated as: (Reserves + Unappropriated Profits) x Percentage Shares held by Foreign Investors. 3. The figures of merchandise trade used for compilation of BOP are based on exchange records which may differ from those compiled using customs records. 4. CIF margin 2.70% has been used from Jul-2019 to Jun- 2020, 3.17% has been used from Jul-2020 to Jun- 2021, 5.02% from Jul-2021 to Sep-2021, 7.02% from Oct-2021 to Dec-2021, 6.67% from Jan2022 to Mar-2022 and 5.65% from Apr-2022 to Jun-2022, 4.14% from Jul-2022 to Sep-2022, 4.01% from Oct-2022 to Dec-2022,4.14% in Jan-2023, 4.01% from Feb-2023 to onward. 5. Due to rounding off, figures of Trade of Good and Services, Workers' remittances, FDI, FPI and Government Disbursements may differ from source data available on websites. Contact Person: Syed Kamran Najam, Sr. Joint Director Phone No: 021-99221468 Email: feedback.statistics@sbp.org.pk
0
You can add this document to your study collection(s)
Sign in Available only to authorized usersYou can add this document to your saved list
Sign in Available only to authorized users(For complaints, use another form )