Summary Balance of Payments as per BPM6 - August 2022

(Million US$)
Jul-Jun Aug Jul-Jun Jul Aug Jul-Aug
Items R P P
FY21 FY22 FY22 FY23 FY23 FY23 FY22

Current Account Balance -2,820 -1,523 -17,318 -1,215 -703 -1,918 -2,374
Current Account Balance without Official Transfers -3,079 -1,542 -17,654 -1,246 -726 -1,972 -2,446
Exports of Goods FOB 25,639 2,339 32,467 2,280 2,813 5,093 4,574
Imports of Goods FOB 54,273 5,967 72,043 5,348 5,750 11,098 11,338
Balance on Trade in Goods -28,634 -3,628 -39,576 -3,068 -2,937 -6,005 -6,764
Exports of Services 5,945 553 6,957 555 575 1,130 1,044
Imports of Services 8,461 941 12,087 803 936 1,739 1,719
Balance on Trade in Services -2,516 -388 -5,130 -248 -361 -609 -675
Balance on Trade in Goods and Services -31,150 -4,016 -44,706 -3,316 -3,298 -6,614 -7,439
Primary Income Credit 508 53 805 57 76 133 104
Primary Income Debit 4,908 430 6,063 503 244 747 770
Balance on Primary Income -4,400 -377 -5,258 -446 -168 -614 -666
Balance on Goods, Services and Primary Income -35,550 -4,393 -49,964 -3,762 -3,466 -7,228 -8,105
Secondary Income Credit 33,027 2,892 32,936 2,559 2,777 5,336 5,775
General Government 281 25 370 31 24 55 80
Current International Cooperation 34 6 54 1 0 1 48
Other Official Current Transfers 247 19 316 30 24 54 32
Financial Corporations, NFCs*, Households and NPISHs 32,746 2,867 32,566 2,528 2,753 5,281 5,695
Workers' Remittances 29,450 2,683 31,238 2,524 2,724 5,248 5,419
Other Personal Transfers 0 0 0 0 0 0 0
Other Current Transfers 3,296 184 1,328 4 29 33 276
Secondary Income Debit 297 22 290 12 14 26 44
Balance on Secondary Income 32,730 2,870 32,646 2,547 2,763 5,310 5,731
Capital Account Balance 224 10 206 7 10 17 29
Capital Account Credit 224 10 206 7 10 17 29
Capital Account Debit 0 0 0 0 0 0 0
Net Lending (+) / Net Borrowing (–) (Balance from Current and Capital Accounts) -2,596 -1,513 -17,112 -1,208 -693 -1,901 -2,345
Financial Account -8,768 -3,650 -10,985 663 -1,161 -498 -4,913
Direct Investment -1,648 -117 -1,620 -30 -72 -102 -212
Direct Investment Abroad 171 9 249 29 39 68 18
Equity and Investment Fund Shares (including Reinvested Earnings) 43 -1 82 -1 9 8 -2
Debt Instruments 128 10 167 30 30 60 20
Direct Investment in Pakistan 1,819 126 1,869 59 111 170 230
Equity and Investment Fund Shares (including Reinvested Earnings) 1,790 84 1,827 79 100 179 203
Debt Instruments 29 42 42 -20 11 -9 27
Portfolio Investment -2,774 38 54 13 11 24 -951
Portfolio Investment Abroad -12 -1 -24 -1 0 -1 11
Equity and Investment Fund Shares** -24 -1 19 -1 0 -1 -1
Debt Securities 12 0 -43 0 0 0 12
Portfolio Investment in Pakistan 2,762 -39 -78 -14 -11 -25 962
Equity and Investment Fund Shares** -294 -13 -388 4 -10 -6 -14
Debt Securities 3,056 -26 310 -18 -1 -19 976
Financial Derivatives (Other than Reserves) and Employee Stock Options 0 0 -1 -1 1 0 0
Other Investment -4,346 -3,571 -9,418 681 -1,101 -420 -3,750
Net Acquisition of Financial Assets 1,345 333 2,588 -399 22 -377 397
Central Bank 0 0 0 0 0 0 0
Deposit Taking Corporations 608 246 351 -357 -58 -415 304
General Government 15 2 911 -1 -1 -2 0
Other Sector 722 85 1,326 -41 81 40 93
Net Incurrence of Liabilities 5,691 3,904 12,006 -1,080 1,123 43 4,147
Central Bank -1,468 2 -1 0 3 3 2
Deposit Taking Corporations 499 206 880 -276 208 -68 140
General Government 5,738 719 6,098 -641 822 181 1,098
Disbursements 9,808 770 11,255 180 1,409 1,589 1,306
Credit and Loans with the IMF (Other than Reserves) 500 0 1,053 0 1,166 1,166 0
Other Long Term 8,060 533 7,988 80 143 223 806
Short Term 1,248 237 2,214 100 100 200 500
Amortization 5,855 168 8,333 748 533 1,281 457
Credit and Loans with the IMF (Other than Reserves) 0 0 0 0 0 0 0
Other Long Term 5,071 168 7,829 531 337 868 457
Short Term 784 0 504 217 196 413 0
Other Liabilities (Net) 1,785 117 3,176 -73 -54 -127 249
Summary Balance of Payments as per BPM6 - August 2022
(Million US$)
Jul-Jun Aug Jul-Jun Jul Aug Jul-Aug
Items R P P
FY21 FY22 FY22 FY23 FY23 FY23 FY22
Other Sector 922 204 2,256 -163 90 -73 134
Disbursements 2,163 230 3,138 0 39 39 243
Amortization 1,253 46 1,136 235 22 257 138
Other Liabilities (Net) 12 20 254 72 73 145 29
Allocation of SDRs 0 2,773 2,773 0 0 0 2,773
Net Errors and Omissions -619 172 -189 95 -29 66 274
Overall Balance -5,553 -2,309 6,316 1,776 -439 1,337 -2,842
Reserves and Related Items 5,553 2,309 -6,316 -1,776 439 -1,337 2,842
Reserve Assets 4,473 2,309 -7,331 -1,776 439 -1,337 2,842
Use of Fund Credit and Loans -1,080 0 -1,015 0 0 0 0
Exceptional Financing 0 0 0 0 0 0 0
SBP Gross Reserves incl CFC less RBI Unsettled Claims*** 18,716 21,536 11,092 9,283 9,605 9,605 21,536
CRR/SCRR 1,230 1,228 1,026 687 555 555 1,228
SBP Reserves (Excluding CRR /SCRR) 17,486 20,308 10,066 8,596 9,050 9,050 20,308
@
SBP Reserves excluding CRR/SCRR, Net ACU, Foreign Currency Cash holding 17,299 20,074 9,816 8,385 8,834 8,834 20,074
DMB's Reserves - Net of CRR/SCRR 1,387 1,548 1,370 991 932 932 1,548
DMB's Reserves - Net of CRR/SCRR & Placements Other than FE25 1,384 1,546 1,369 990 931 931 1,546
Memorandum Items:
Exports of Goods and Services 31,584 2,892 39,424 2,835 3,388 6,223 5,618
Exports of Non Factor Services 5,945 553 6,957 555 575 1,130 1,044
Export Growth (Goods) over corresponding period 13.8 54.4 26.6 2.0 20.3 11.3 34.5
Imports Growth (Goods) over corresponding period 24.4 78.5 32.7 -0.4 -3.6 -2.1 64.9
Current Account % of GDP -0.8 - -4.6 - - - -
GDP**** 348,008 - 376,099 - - - -
R: Revised; P: Provisional
* Non Financial Corporations.
** Including Reinvested Earnings
*** Includes Cash Foreign Currency holding and excludes unsettled claim on RBI.
**** GDP relates to specific period under the column. GDP on current basic price of 2015-16 as per PBS website has been converted to US$ at period average M2M
@ 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.
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 3.17% has been used from Jul-2020 to Sep- 2021, 5.02% from Oct-2021 to Dec-2021 and 7.02% for Jan-2022 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