Summary Balance of Payments as per BPM6 - Mar, 2015

(Million US$)

Description

Jul-Sep
FY15

Jul-Jun
FY14R
FY13

FebR
FY15

Oct-Dec
FY15

MarP
FY15

Jul-Mar

Jan-MarP
FY15

FY15

FY14

Current account balance

-3,130

-2,496

-1,647

-770

872

163

961

-1,456

-2,692

Current account balance without official transfers

-3,464

-2,898

-1,734

-908

854

122

902

-1,740

-2,901

25,078

24,802

5,960

6,227

1,868

2,053

5,935

18,122

18,746

Exports of goods FOB

Imports of goods FOB
Balance on trade in goods
Exports of services
Imports of services
Balance on trade in services
Balance on trade in goods and services
Primary income credit
Primary income debit
Balance on primary income
Balance on goods, services and primary income
Secondary income credit
General government

41,668

40,157

11,982

10,032

2,776

3,136

8,861

30,875

31,226

-16,590

-15,355

-6,022

-3,805

-908

-1,083

-2,926

-12,753

-12,480

5,327

6,724

1,709

1,156

1,027

416

1,782

4,647

3,823

7,984

8,288

2,214

1,955

566

661

1,859

6,028

5,952

-2,657

-1,564

-505

-799

461

-245

-77

-1,381

-2,129

-19,247

-16,919

-6,527

-4,604

-447

-1,328

-3,003

-14,134

-14,609

526

488

100

167

77

69

181

448

399

4,474

4,157

912

1,647

326

312

1,010

3,569

3,264

-3,948

-3,669

-812

-1,480

-249

-243

-829

-3,121

-2,865

-23,195

-20,588

-7,339

-6,084

-696

-1,571

-3,832

-17,255

-17,474

20,222

18,183

5,745

5,386

1,598

1,738

4,843

15,974

14,852

380

412

89

142

19

42

66

297

229

Current international cooperation

143

120

51

49

21

21

121

129

Other official current transfers

237

292

38

93

19

21

45

176

100

19,842

17,771

5,656

5,244

1,579

1,696

4,777

15,677

14,623

15,837

13,922

4,695

4,287

1,392

1,577

4,346

13,328

11,586

4,005

3,849

961

957

187

119

431

2,349

3,037

Financial corporations, NFC*, households and NPISHs

Workers' remittances
Other personal transfers
Other current transfers
Secondary income debit

157

91

53

72

30

50

175

70

20,065

18,092

5,692

5,314

1,568

1,734

4,793

15,799

14,782

1,857

264

60

209

10

66

84

353

1,766

Capital account credit

1,857

266

60

209

10

66

84

353

1,766

Capital account debit

Net lending (+) / net borrowing ()

-1,273

-2,232

-1,587

-561

882

229

1,045

-1,103

-926

Financial account

-5,522

-549

-1,216

-1,271

-85

387

373

-2,114

-1,289

-1,541

-1,258

-135

-339

-70

-95

-182

-656

-621

128

198

18

32

55

89

128

193

18

32

55

89

Balance on secondary income

Capital account balance

Direct investment
Direct investment abroad
Equity and investment fund shares**
Debt instruments
Direct investment in Pakistan
Equity and investment fund shares**
Debt instruments
Portfolio investment
Portfolio investment abroad
Equity and investment fund shares
Debt securities
Portfolio investment in Pakistan
Equity and investment fund shares
Debt securities
Financial derivatives and employee stock options

1,669

1,456

153

371

75

95

187

711

710

1,055

1,711

144

1,079

45

97

159

1,382

745

614

-255

-708

30

-2

28

-671

-35

-2,762

-26

-182

-1,005

-13

106

72

-1,115

-125

-23

99

-41

-14

-5

-60

-26

-1

139

-2

-1

-2

-22

-40

-39

-15

-5

-59

-24

2,739

125

141

991

13

-106

-77

1,055

99

735

120

179

-21

20

-95

-58

100

148

2,004

-38

1,012

-7

-11

-19

955

-49

Description

Other Investment
Net acquisition of financial assets
Central Bank
Deposit-taking corporations
General Government

Jul-Sep
FY15

Jul-Jun

FY14

FY13

FebR
FY15

Oct-Dec
FY15

MarP
FY15

Jul-Mar

Jan-MarP
FY15

FY15P

FY14

-1,221

735

-899

73

-2

376

483

-343

-545

-211

314

-442

200

142

-165

191

-51

-322

-8

126

-218

116

136

-189

130

28

-109

-5

-1

13

11

25

26

-2

Other Sector

-198

186

-223

82

-7

13

36

-105

-211

Net incurrence of liabilities

1,010

-421

457

127

144

-541

-292

292

223

146

710

-1

12

11

246

Central Bank
Deposit-taking corporations
General Government
Disbursements
Credit and loans with the IMF
Other Long-term
Short-term
Amortization
Credit and loans with the IMF
Other Long-term
Short-term
Other Liabilities (net)
Other Sector

-293

-1,117

173

198

226

-296

18

389

312

1,610

248

346

-31

47

-209

-148

167

4,349

2,530

1,161

790

160

97

370

2,321

2,011

3,617

2,274

711

396

146

97

298

1,405

1,418

732

256

450

394

14

72

916

593

2,734

2,282

815

821

113

306

518

2,154

2,006

900

361

237

140

42

51

93

470

659

1,834

1,530

445

371

71

255

425

1,241

1,347

391

133

310

443

-5

-453

-262

-62

-39

-129

-36

-174

-275

-340

Disbursements

498

409

69

110

21

77

127

306

430

Amortization

975

618

193

173

155

81

286

652

821

Other Liabilities (net)

24

-53

62

24

-32

-15

71

51

-391

-309

36

110

-29

75

56

202

-611

-3,858

1,992

335

-820

-938

83

-728

-1,213

248

Reserves and Related Items

3,858

-1,992

-335

820

938

-83

728

1,213

-248

Reserve Assets

3,285

-4,530

-62

1,678

844

415

1,132

2,748

-450

-573

-2,538

273

858

-94

498

404

1,535

-202

Net Errors and Omissions

Overall Balance

Use of Fund Credit and Loans

Exceptional Financing
SBP Gross Reserves incl CFC less RBI unsettled claims#

10,509

7,198

10,362

11,943

12,596

12,991

12,991

12,991

6,753

CRR/SCRR

1,337

1,151

1,345

1,352

1,320

1,309

1,309

1,309

1,279

SBP Reserves (Excluding CRR/ SCRR)

9,172

6,047

9,017

10,591

11,276

11,682

11,682

11,682

5,474

SBP Reserves excluding CRR/ SCRR, CFC holding

9,097

6,008

8,943

10,513

11,207

11,615

11,615

11,615

5,366

DMB's Reserves - Net of CRR/ SCRR

DMB's Reserves - Net of CRR/ SCRR & placements
other than FE25

1,197

1,163

1,142

1,113

1,492

1,375

1,375

1,375

1,017

1,081

1,118

1,060

1,041

1,446

1,316

1,316

1,316

921

Exports of goods and services

30,405

31,526

7,669

7,383

2,895

2,469

7,717

22,769

22,569

Exports of non-factor services

5,327

6,724

1,709

1,156

1,027

416

1,782

4,647

3,823

Export Growth

1.1

0.3

-4.7

-61.5

-9.2

-1.9

-5.5

-3.3

2.2

Imports Growth

3.8

-0.5

12.6

-62.2

-12.1

-6.5

-12.3

-1.1

4.3

Memorandum Items:

Current account % of GDP

GDP*/

-1.3

-1.1

-2.3

-1.1

3.7

0.7

1.3

-0.7

-1.5

246,917

232,314

72,276

71,444

23,864

23,787

71,618

215,338

185,189

*non-financial corporations, **including reinvested earnings

# Includes foreign Currency Cash holding and excludes unsettled claim on RBI
GDP relates to spacefic period under the column. Target GDP as per Annual Plan has been been used for FY15 converted to USD at period average M2M exchange rate.
R: Revised; P: Provisional

See press release 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
Contact Person:Mr. Muhammad Atif Hamza , Senior Joint Director
PH. No.
021-32453668