Summary Balance of Payments as per BPM6 - July 2020

(Million US$)
Jul-Jun Jul-Jun Jul-Sep Oct-Dec Jan-Mar Jun Apr-Jun Jul-Jun Jul
Items R R R P
FY18 FY19 FY20 FY20 FY20 FY20 FY20 FY20 FY21 FY20

Current Account Balance -19,195 -13,434 -1,492 -540 -652 -100 -286 -2,970 424 -613
Current Account Balance without Official Transfers -20,165 -14,177 -1,666 -656 -748 -129 -364 -3,434 401 -716
Exports of Goods FOB 24,768 24,257 5,985 6,408 5,866 1,582 4,248 22,507 1,893 2,217
Imports of Goods FOB 55,671 51,869 11,033 11,103 10,782 3,559 9,499 42,417 3,629 4,185
Balance on Trade in Goods -30,903 -27,612 -5,048 -4,695 -4,916 -1,977 -5,251 -19,910 -1,736 -1,968
Exports of Services 5,851 5,966 1,295 1,540 1,424 393 1,181 5,440 436 460
Imports of Services 12,277 10,936 2,393 2,139 2,143 617 1,592 8,267 798 880
Balance on Trade in Services -6,426 -4,970 -1,098 -599 -719 -224 -411 -2,827 -362 -420
Balance on Trade in Goods and Services -37,329 -32,582 -6,146 -5,294 -5,635 -2,201 -5,662 -22,737 -2,098 -2,388
Primary Income Credit 726 578 172 120 162 39 108 562 41 53
Primary Income Debit 6,163 6,188 1,596 1,847 1,287 695 1,514 6,244 727 618
Balance on Primary Income -5,437 -5,610 -1,424 -1,727 -1,125 -656 -1,406 -5,682 -686 -565
Balance on Goods, Services and Primary Income -42,766 -38,192 -7,570 -7,021 -6,760 -2,857 -7,068 -28,419 -2,784 -2,953
Secondary Income Credit 23,800 24,990 6,146 6,586 6,219 2,790 6,862 25,813 3,315 2,353
General Government 1,007 761 179 121 99 32 84 483 25 104
Current International Cooperation 202 129 54 18 4 1 2 78 0 49
Other Official Current Transfers 805 632 125 103 95 31 82 405 25 55
Financial Corporations, NFCs*, Households and NPISHs 22,793 24,229 5,967 6,465 6,120 2,758 6,778 25,330 3,290 2,249
Workers' Remittances 19,914 21,740 5,446 5,918 5,634 2,466 6,122 23,120 2,768 2,028
Other Personal Transfers 0 0 0 0 0 0 0 0 0 0
Other Current Transfers 2,879 2,489 521 547 486 292 656 2,210 522 221
Secondary Income Debit 229 232 68 105 111 33 80 364 107 13
Balance on Secondary Income 23,571 24,758 6,078 6,481 6,108 2,757 6,782 25,449 3,208 2,340
Capital Account Balance 376 229 110 88 42 29 50 290 4 41
Capital Account Credit 376 229 110 88 43 30 52 293 4 41
Capital Account Debit 0 0 0 0 1 1 2 3 0 0
Net Lending (+) / Net Borrowing (–) (Balance from Current and Capital Accounts) -18,819 -13,205 -1,382 -452 -610 -71 -236 -2,680 428 -572
Financial Account -13,611 -11,759 -1,995 -3,611 -313 -2,413 -1,774 -7,693 -241 -1,027
Direct Investment -2,772 -1,436 -501 -813 -764 -176 -446 -2,524 -115 -57
Direct Investment Abroad 10 -74 45 -2 12 -1 -18 37 -1 14
Equity and Investment Fund Shares (including Reinvested Earnings) 8 -75 45 -2 12 -1 -20 35 -1 14
Debt Instruments 2 1 0 0 0 0 2 2 0 0
Direct Investment in Pakistan 2,782 1,362 546 811 776 175 428 2,561 114 71
Equity and Investment Fund Shares (including Reinvested Earnings) 2,683 1,142 506 782 531 122 396 2,215 108 56
Debt Instruments 99 220 40 29 245 53 32 346 6 15
Portfolio Investment -2,257 1,274 -456 -128 242 -7 742 400 7 -92
Portfolio Investment Abroad -48 -144 -112 -2 0 0 -7 -121 0 -58
Equity and Investment Fund Shares** -18 1 0 0 1 0 -1 0 0 0
Debt Securities -30 -145 -112 -2 -1 0 -6 -121 0 -58
Portfolio Investment in Pakistan 2,209 -1,418 344 126 -242 7 -749 -521 -7 34
Equity and Investment Fund Shares** -239 -415 22 -4 -122 -42 -176 -280 -73 34
Debt Securities 2,448 -1,003 322 130 -120 49 -573 -241 66 0
Financial Derivatives (Other than Reserves) and Employee Stock Options 0 0 -3 -1 -4 0 0 -8 0 -1
Other Investment -8,582 -11,597 -1,035 -2,669 213 -2,230 -2,070 -5,561 -133 -877
Net Acquisition of Financial Assets 273 -67 -78 243 -52 -158 -357 -244 474 58
Central Bank 0 0 0 0 0 0 0 0 0 0
Deposit Taking Corporations -322 -92 -91 -107 -63 211 351 90 310 107
General Government 41 48 2 0 5 40 41 48 1 0
Other Sector 554 -23 11 350 6 -409 -749 -382 163 -49
Net Incurrence of Liabilities 8,855 11,530 957 2,912 -265 2,072 1,713 5,317 607 935
Central Bank 1,548 5,495 3 -501 0 0 0 -498 -1,001 1
Deposit Taking Corporations -109 467 -438 136 125 17 14 -163 -116 -197
General Government 4,894 4,294 1,092 3,199 -286 2,136 1,824 5,829 1,412 1,183
Disbursements 8,507 8,255 3,008 4,088 877 3,174 5,119 13,092 798 1,559
Credit and Loans with the IMF (Other than Reserves) 0 0 991 452 0 0 1,384 2,827 0 991
Other Long Term 6,782 6,610 1,333 3,211 306 3,174 3,639 8,489 783 310
Short Term 1,725 1,645 684 425 571 0 96 1,776 15 258
Amortization 4,107 5,982 1,925 901 1,172 1,041 3,302 7,300 390 380
Credit and Loans with the IMF (Other than Reserves) 0 0 0 0 0 0 0 0 0 0
Other Long Term 2,619 4,444 1,568 826 907 840 2,876 6,177 189 220
Short Term 1,488 1,538 357 75 265 201 426 1,123 201 160
Other Liabilities (Net) 494 2,021 9 12 9 3 7 37 1,004 4
Summary Balance of Payments as per BPM6 - July 2020
(Million US$)
Jul-Jun Jul-Jun Jul-Sep Oct-Dec Jan-Mar Jun Apr-Jun Jul-Jun Jul
Items R R R P
FY18 FY19 FY20 FY20 FY20 FY20 FY20 FY20 FY21 FY20

Other Sector 2,522 1,274 300 78 -104 -81 -125 149 312 -52
Disbursements 3,485 2,527 487 494 517 76 464 1,962 372 53
Amortization 979 1,286 197 404 589 160 564 1,754 63 103
Other Liabilities (Net) 16 33 10 -12 -32 3 -25 -59 3 -2
Net Errors and Omissions -933 -58 465 117 189 -488 -485 286 -428 296
Overall Balance 6,141 1,504 -1,078 -3,276 108 -1,854 -1,053 -5,299 -241 -751
Reserves and Related Items -6,141 -1,504 1,078 3,276 -108 1,854 1,053 5,299 241 751
Reserve Assets -6,227 -1,880 913 3,110 -315 1,647 846 4,554 199 709
Use of Fund Credit and Loans -86 -376 -165 -166 -207 -207 -207 -745 -42 -42
Exceptional Financing 0 0 0 0 0 0 0 0 0 0
SBP Gross Reserves incl CFC less RBI Unsettled Claims*** 11,341 9,301 10,065 13,278 12,861 13,724 13,724 13,724 13,986 9,951
CRR/SCRR 1,474 1,527 1,539 1,518 1,464 1,174 1,174 1,174 1,188 1,537
SBP Reserves (Excluding CRR /SCRR) 9,867 7,774 8,526 11,760 11,397 12,550 12,550 12,550 12,798 8,414
@
SBP Reserves excluding CRR/SCRR, Net ACU, Foreign Currency Cash holding 9,766 7,285 7,937 11,336 10,845 12,132 12,132 12,132 12,542 7,828
DMB's Reserves - Net of CRR/SCRR 1,490 1,400 1,309 1,202 1,139 1,490 1,490 1,490 1,801 1,507
DMB's Reserves - Net of CRR/SCRR & Placements Other than FE25 1,443 1,398 1,307 1,201 1,137 1,489 1,489 1,489 1,799 1,484
Memorandum Items:
Exports of Goods and Services 30,619 30,223 7,280 7,948 7,290 1,975 5,429 27,947 2,329 2,677
Exports of Non Factor Services 5,851 5,966 1,295 1,540 1,424 393 1,181 5,440 436 460
Export Growth (Goods) over corresponding period 12.6 -2.1 1.6 7.3 -5.2 -12.1 -31.6 -7.2 -14.6 10.1
Imports Growth (Goods) over corresponding period 16.0 -6.8 -20.6 -18.3 -8.7 -11.9 -24.4 -18.2 -13.3 -20.9
Current Account % of GDP -6.1 -4.8 -2.3 -0.8 -1.0 -0.5 -0.4 -1.1 1.9 -2.8
GDP****R 314,572 278,362 66,071 67,087 66,873 20,999 63,774 263,804 22,741 21,844
R: Revised; P: Provisional
* Non Financial Corporations.
** Including Reinvested Earnings
*** Includes foreign Currency Cash holding and excludes unsettled claim on RBI.
**** GDP relates to specific period under the column. Target GDP as per Annual Plan - Planning commission and PBS 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 banks, 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 bases.
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. 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: Mr. Shamsul Arifeen, Additional Director

Phone No. 021-99221113
Email: shamsul.arifeen@sbp.org.pk
For Feedback: http://www.sbp.org.pk/stats/survey/index.asp