Karachi, February 19, 2014 (PPI-OT):
EXPORTS AND IMPORTS OF GOODS and SERVICES (Million US $) Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Jun Jul-Sep FY13 FY13 FY13 FY13 FY13 FY12 FY14 (Million US $) Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Jun Jul-Sep FY13 FY13 FY13 FY13 FY13 FY12 FY14 Goods and services balance -3517 -4436 -4414 -4552 -16919 -18957 -5133 Goods - Export (fob) 6151 6003 6192 6456 24802 24718 6275 Exports of Services 2173 2058 1201 1292 6724 5013 992 1. Manufacturing services on physical inputs owned by others 0 0 0 0 0 0 0 2 Maintenance and repair services n.i.e. 1 3 1 1 6 5 1 3 Transport 319 350 316 284 1269 1503 306 4 Travel 75 77 80 66 298 369 67 5 Construction 3 16 2 8 29 25 5 6 Insurance and pension services 7 11 15 9 42 89 18 7 Financial services 11 10 20 16 57 54 20 8 Charges for the use of intellectual property n.i.e. 2 1 1 1 5 7 1 9 Telecommunications, computer, and information services 129 222 245 207 803 460 178 10 Other business services 198 189 169 225 781 786 184 11 Personal, cultural, and recreational services 1 2 1 2 6 4 3 12 Government goods and services n.i.e. 1427 1177 351 473 3428 1711 209 Of which: Logistic Support 1118 688 0 0 1806 0 0 EXPORTS OF GOODS and SERVICES 8324 8061 7393 7748 31526 29731 7267 Goods - Import (fob) 9776 10284 9871 10226 40157 40370 10518 Imports of Services 2065 2213 1936 2074 8288 8318 1882 1. Manufacturing services on physical inputs owned by others 0 0 0 0 0 0 0 2 Maintenance and repair services n.i.e. 33 12 15 9 69 91 22 3 Transport 832 825 807 833 3297 3516 946 4 Travel 353 331 294 255 1233 1367 290 5 Construction 2 0 4 4 10 62 0 6 Insurance and pension services 58 77 66 59 260 279 64 7 Financial services 40 27 33 36 136 107 30 8 Charges for the use of intellectual property n.i.e. 37 37 32 36 142 151 34 9 Telecommunications, computer, and information services 79 116 95 113 403 337 83 10 Other business services 438 502 402 446 1788 1555 310 11 Personal, cultural, and recreational services 0 2 0 2 4 3 2 12 Government goods and services n.i.e. 193 284 188 281 946 850 101 IMPORTS OF GOODS and SERVICES 11841 12497 11807 12300 48445 48688 12400 Summary Balance of Payments as per BPM6 - January 2014 (Million US $) Jul-Jun Jul-Sep Dec Oct-Dec Jan Jul-Jan FY13 FY12 FY14 FY14 FY14 FY14 FY14 FY13 Current account balance -2496 -4658 -1206 283 -385 -464 -2055 -441 Current account balance without off. transfers -2898 -5243 -1283 174 -512 -473 -2268 -684 Exports of goods FOB 24802 24718 6275 2359 6273 2164 14712 14239 Imports of goods FOB 40157 40370 10518 3542 10320 3595 24433 23462 Balance on trade in goods -15355 -15652 -4243 -1183 -4047 -1431 -9721 -9223 Exports of services 6724 5013 992 407 1384 329 2705 4610 Imports of services 8288 8318 1882 613 1946 637 4465 4898 Balance on trade in services -1564 -3305 -890 -206 -562 -308 -1760 -288 Balance on trade in goods and services -16919 -18957 -5133 -1389 -4609 -1739 -11481 -9511 Primary income credit 488 826 147 59 154 59 360 275 Primary income debit 4157 4071 956 347 1310 210 2476 2189 Balance on primary income -3669 -3245 -809 -288 -1156 -151 -2116 -1914 Balance on goods, services and primary income -20588 -22202 -5942 -1677 -5765 -1890 -13597 -11425 Secondary income credit 18183 17686 4756 1969 5396 1436 11588 11039 General government 412 658 81 110 130 10 221 248 Current international cooperation 120 230 46 93 101 3 150 70 Other official current transfers 292 428 35 17 29 7 71 178 Financial corporations, non-financial corporations, households and NPISHs 17771 17028 4675 1859 5266 1426 11367 10791 Workers' remittances 13922 13186 3927 1385 3863 1243 9033 8207 Other personal transfers 0 0 0 0 0 0 0 0 Other current transfers 3849 3842 748 474 1403 183 2334 2584 Secondary income debit 91 142 20 9 16 10 46 55 Balance on secondary income 18092 17544 4736 1960 5380 1426 11542 10984 Capital account balance 264 183 46 71 93 38 177 126 Capital account credit 266 186 46 71 93 38 177 126 Capital account debit 2 3 0 0 0 0 0 0 Net lending (+) / net borrowing () (balance from current and capital accounts) -2232 -4475 -1160 354 -292 -426 -1878 -315 Financial account -549 -1280 -382 317 385 -254 -251 384 Direct investment -1258 -744 -172 -79 -157 -106 -435 -476 Direct investment abroad 198 77 59 6 28 1 88 52 Equity and investment fund shares (including reinvested earnings) 193 77 59 6 28 1 88 47 Debt instruments 5 0 0 0 0 0 0 5 Direct investment in Pakistan 1456 821 231 85 185 107 523 528 Equity and investment fund shares (including reinvested earnings) 1711 1053 231 103 235 96 562 619 Debt instruments -255 -232 0 -18 -50 11 -39 -91 Portfolio investment -26 144 -107 -17 48 -28 -87 -88 Portfolio investment abroad 99 32 1 0 26 3 30 48 Equity and investment fund shares 139 57 1 0 0 6 7 71 Debt securities -40 -25 0 0 26 -3 23 -23 Portfolio investment in Pakistan 125 -112 108 17 -22 31 117 136 Equity and investment fund shares 120 -60 39 17 90 31 160 140 Debt securities 5 -52 69 0 -112 0 -43 -4 Financial derivatives (other than reserves) and employee stock options 0 0 0 1 2 0 2 0 Other Investment 735 -680 -103 412 492 -120 269 948 Net acquisition of financial assets 314 -9 -195 235 167 -253 -281 811 Central Bank 0 0 0 0 0 0 0 0 Deposit-taking corporations 126 91 -190 233 298 -157 -49 490 General Government 2 -3 -2 0 2 0 0 -2 Other Sector 186 -97 -3 2 -133 -96 -232 323 Net incurrence of liabilities -421 671 -92 -177 -325 -133 -550 -137 Central Bank 710 -105 245 0 0 0 245 -2 Deposit-taking corporations -1117 220 -5 -110 -155 -50 -210 -370 General Government 248 998 -258 7 -113 2 -369 384 Disbursements 2530 2633 525 278 690 98 1313 1529 Credit and loans with the IMF (other than reserves) 0 0 0 0 0 0 0 0 Other Long-term 2274 2633 392 141 553 98 1043 1273 Short-term 256 0 133 137 137 0 270 256 Amortization 2282 1577 783 271 803 96 1682 1145 Credit and loans with the IMF (other than reserves) 361 0 180 57 193 0 373 90 Other Long-term 1530 1477 603 122 355 96 1054 794 Short-term 391 100 0 92 255 0 255 261 Other Liabilities (net) 0 -58 0 0 0 0 0 0 Other Sector -262 -442 -74 -74 -57 -85 -216 -149 Disbursements 409 558 91 37 109 7 207 334 Amortization 618 638 143 114 201 96 440 390 Other Liabilities (net) -53 -362 -22 3 35 4 17 -93 Net Errors and Omissions -309 -80 -415 174 8 -89 -496 -97 Overall Balance 1992 3275 1193 -211 669 261 2123 796 Reserves and Related Items -1992 -3275 -1193 211 -669 -261 -2123 -796 Reserve Assets -4530 -4430 -1321 508 -1059 -287 -2667 -1986 Use of Fund Credit and Loans -2538 -1155 -128 297 -390 -26 -544 -1190 Exceptional Financing 0 0 0 0 0 0 0 0 SBP Gross Reserves incl CFC less RBI unsettled claims# 7198 11905 5909 4862 4862 4563 4563 9873 CRR/SCRR 1151 1049 1168 1231 1231 1230 1230 1111 SBP Reserves( Excluding CRR /SCRR) 6047 10856 4741 3631 3631 3333 3333 8762 SBP Reserves excluding CRR/SCRR, Foreign Curency Cash holding 6008 10803 4693 3480 3480 3181 3181 8693 DMB's Reserves- Net of CRR/SCRR 1,163 1,278 1,109 1,347 1,347 1,223 1,223 1,660 DMB's Reserves- Net of CRR/SCRR and placements other than FE25 1,118 1,204 1,039 1,297 1,297 1,160 1,160 1,614 Memorandum Items : 0 0 0 0 0 0 0 0 Exports of goods and services 31526 29731 7267 2766 7657 2493 17417 18849 Exports of non-factor services 6724 5013 992 407 1384 329 2705 4610 Export Growth 0.3 -2.6 2.0 26.9 4.5 3.8 3.3 1.3 Imports Growth -0.5 11.3 7.6 13.6 0.0 5.7 4.1 0.2 Current account % of GDP -1.1 -2.1 -1.9 1.3 -0.6 -2.2 -1.4 -0.32 GDP*/ 236520 225108 63201 21067 63201 21067 147469 137970 # Includes foreign Currency Cash holding and excludes unsettled claim on RBI GDP relates to spacefic period under the column P Provisional
For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563
Email: syed.wasimuddin@sbp.org.pk