Sei sulla pagina 1di 137

Contents Page No.

Preface i
Acknowledgment ii
Notes, Symbols and Abbreviations iii
1. Selected Economic Indicators
1.1 Selected Economic Indictors 02-03
1.2 International Economic Indicators 04
2. Economic Growth, Savings and Investment
2.1 Gross National Income 08
2.2 Expenditure on Gross National Product 09
2.3 Gross Fixed Capital Formation 10
2.4 Investment and Savings at Current Prices 11
2.5 Area, Production and Yield of Important Crops 12
2.6 Production of Selected Manufactured Goods and Minerals 13
2.7 Agricultural Credit Disbursement, Recoveries and Outstanding (Net) 14
2.8 Holding-Wise Agricultural Credit Disbursement 15
2.9 Land Holding-Wise Farm Loan Disbursement 16
2.10 Financing for Fixed Industrial Investment to the Private Sector -Disbursement 17
2.11 Flow of Funds Accounts of Pakistan 18
3. Prices
3.1 Combined Consumer Price Index Number by Commodity Groups (All Urban) 20
3.2 Index Number of Wholesale Prices by Commodity Groups and Sensitive Price Indicator by Income 21
Groups
3.3 Average Retail Prices of Essential Items 22
3.4 GDP Deflator 23
4. Public Finance
4.1 Consolidated Fiscal Operations (Federal & Provincial) 26
4.2 Federal Government Revenue Receipts 27
4.3 Federal Government Expenditure and Lending 28
4.4 Consolidated Provincial Governments Fiscal Operation 29
4.5 Provincial Government Fiscal Operations 30-31
4.6 Federal Board of Revenue Tax Collection 32
4.7 Zakat Receipts 33
5. Money and Credit
5.1 Reserve Money 36-37
5.2 Currency in Circulation 38
5.3 Monetary Ratios 39
5.4 Monetary Aggregates 40-41
5.5 Liabilities and Assets of the State Bank of Pakistan-Issue Department 42-43
5.6 Liabilities of the State Bank of Pakistan-Banking Department 44-45
5.7 Assets of the State Bank of Pakistan-Banking Department 46-47
5.8 Secondary Market Transactions in Government Securities 48
5.9 Sale / Purchase of Treasury Bills under Open Market Operation by SBP with Banks 49
5.10 Use of SBP Overnight Repo/ Reverse Repo Facilities & Rates 49
5.11 Profile of Pakistan Investment Bonds 50-51
5.12 KIBOR 52
5.13 Scheduled Banks Call Money Borrowing 53
5.14 Scheduled Banks Repo Money Borrowing-Yield 53
5.15 Inter-Bank Average Repo and Call Rates 54
5.16 State Bank of Pakistan Rates for Banks 55
6. Banking System
6.1 Scheduled Banks Liabilities and Assets 58
6.2 Classification of Scheduled Banks' Advances by Borrowers 59
6.3 Classification of Scheduled Banks' Advances by Securities Pledged 60
6.4 Classification of Scheduled Banks' Advances by Size of Account 61
6.5 Scheduled Banks' Deposits Distributed by Category of Deposit Holders & Type of Accounts 62
6.6 Scheduled Banks' Deposits Distributed by Type of Account 63
6.7 Province/Region wise Deposits by Categories 64-65
6.8 Province/Region wise Advances by Borrowers 66-67
6.9 Province/Region wise Disbursement & Utilization of Advances 68
6.10 Province/Region wise Advances by place of Disbursement & Utilization 69
6.11 Province/Region wise Advances by place of Utilization & Disbursement 70
6.12 Scheduled Banks' Deposits Distributed by Size of Account 71
6.13 Weighted Average Lending and Deposit Rates 72-73
6.14 Non Performing Loans 74
6.15 Electronic Banking Statistics 75-76
6.16 Islamic Banking Statistics 77
6.17 Scheduled Banks Operating in Pakistan 78
7. Capital Market
7.1 KSE 100 & All Shares Index 80
7.2 Market Capitalisation of PSX all Shares 81
7.3 Pakistan Stock Exchange Indicators 82
7.4 Turnover of Shares at Pakistan Stock Exchange 83
8. Domestic and External Debt
8.1 Pakistans Debt and Liabilities-Summary 86
8.2 Pakistans Debt and Liabilities-Profile 87
8.3 Outstanding Domestic Debt of Public Sector Enterprises (PSEs) 88
8.4 Government Domestic Debt and Liabilities 89
8.5 National Saving Schemes (Outstanding Amount) 90-91
8.6 Rates of Profit on National Saving Schemes 92
8.7 Grant Assistance Agreement Signed 93
8.8 Commitments & Disbursements of Loans and Grants by Type 94
8.9 Total Loans and Credits Contracted 95
8.10 Pakistans External Debt and Liabilities 96
8.11 Outstanding Position of External Debt by Country 97
8.12 Disbursement of External Loans by Country 98
8.13 Disbursement of Foreign Economic Assistance by Type 99
8.14 Disbursement of Foreign Private Debt by Economic Group 100
8.15 Outstanding Position of Foreign Private Debt by Economic Group 100
8.16 Debt Servicing by Country 101
8.17 Pakistan's External Debt Servicing -Principal 102
8.18 Pakistan's External Debt Servicing -Interest 103
9. External Sector
9.1 Exchange Rates - Authorised Dealers 106-107
9.2 Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) 108
of Pak Rupee
9.3 Monthly Average Exchange Rate - Kerb Market 109
9.4 Pakistan's Balance of Payments 110-111
9.5 Medium and Long Term Capital Flows 112
9.6 Foreign Currency Deposits 113
9.7 Workers Remittances 114
9.8 Gold and Foreign Exchange Reserves 115
9.9 Foreign Investment (net) in Pakistan by Country 116
9.10 Foreign Direct Investment (net) in Pakistan by Economic Groups 117
9.11 International Investment Position of Pakistan 118
9.12 Balance of Trade 119-120
9.13 Reconciliation of Exports Compiled by PBS and SBP 121
9.14 Reconciliation of Imports Compiled by PBS and SBP 121
9.15 Terms of Trade and Indices of by Groups 122
9.16 Exports and Imports by Commodity Groups/ Principal Commodity 123-126
9.17 Exports and Imports by Selected Countries/Territories 127-130
10. Social Sector Developments
10.1 Education Sector Indicators 132
10.2 Health Sector Indicators 133
10.3 Labour Force and Employment 133
10.4 Pro-poor Budgetary Expenditure 134
Glossary 136-148
Preface
The Statistical Supplement provides detailed and comprehensive data on almost all sectors of the economy
covered in the State Banks Annual Report, The State of Pakistans Economy, 2016-17. The data in the
supplement is aimed to substantiate the analysis carried out in the report and to facilitate readers in undertaking
detailed analysis of the economy. The publication will help users to attain a snapshot of the Pakistan economy
through the latest available information.

The Statistical Supplement contains data covering economic growth, savings, investment, prices, public
finance, money and credit, banking system, capital market, domestic and external debt, balance of payments,
foreign trade and social sector development. Efforts have been made to include accurate and up-to-date data
relating to the different sectors of the economy. The statistics presented in the supplement follow standard
definitions and classifications that are in line with international recommendations and guidelines. Suitable
graphs and charts have been added to facilitate the users in understanding and interpreting the data contained in
the tables. It is hoped that the supplement will serve as a useful source of information and will cater the needs
of researchers and policy makers.

Data for the supplement has been collected from a variety of sources including government organizations and
various departments of the State Bank of Pakistan. I would like to record my sincere appreciation and gratitude
to all these organisations/departments as without their cooperation it would not have been possible for us to
compile this publication. Efforts of the team are also acknowledged with appreciation for timely preparation of
the publication.

The publication is available both in printed as well as in electronic format on State Banks website
www.sbp.org.pk. Comments and suggestions for further improving the publication are welcome.

Dr. Azizullah Khattak


Director
Statistics & DWH Department

i
Acknowledgement
The team is highly indebted to Dr. Azizullah Khattak, Director for his guidance in the preparation of this
publication. We are grateful to Finance Department, Off-Site Supervision & Enforcement Department, SBP-
SBP BSC (Bank), Infrastructure, Housing & SME Finance Department, Agricultural Credit and Microfinance
Department, Payment System Department, Domestic Markets & Monetary Management Department of the
State Bank of Pakistan, Pakistan Bureau of Statistics, Pakistan Stock Exchange, Ministry of Finance, Federal
Board of Revenue, Exchange Companies Association of Pakistan, Central Directorate of National Savings for
their valuable contribution in providing data for the publication. We are also thankful to all units and divisions
of Statistics & DWH Department for their continuous support and input in the form of tables for this
publication.

The Team
Notes, Symbols and Abbreviations
The term Scheduled Banks wherever appearing in the Statistical Supplement means, all commercial banks and specialized
bank ( IDBL, PPCB,ZTBL,SME Bank ) which are included in the list of scheduled banks maintained under sub-section (1) of
section 37 of the State Bank of Pakistan Act, 1956.

P Provisional

E Estimated

R Revised

- NIL

.. Negligible

... Not available

n.i.e. Not included elsewhere

SDR Special Drawing Rights

RBI Reserve Bank of India

CY Calendar Year viz. 2016 refers to the period from 1st January 2016 to 31st December, 2016

FY Fiscal Year viz. FY 17 refers to the period from 1st July, 2016 to 30th June, 2017

CAA Civil Aviation Authority


IMF International Monetary Fund
KIBOR Karachi Interbank Offered Rate
MFB Microfinance Bank
NHA National Highway Authority
NFC National Fertilizer Corporation (Pvt) Ltd.
OGDCL Oil and Gas Development Company Ltd.
Pakistan Bureau of Statistics (Federal Bureau of Statistics, Agriculture Census Organization, Population Census
PBS
Organization and the Technical Wing of Statistics Division have been merged in Pakistan Bureau of Statistics)
PLS Profit and Loss Sharing
PSX Pakistan Stock Exchange
PTCL Pakistan Telecommunication Company Ltd.
SBP State Bank of Pakistan
SBP(BSC) SBP Banking Services Corporation (Bank)
WAPDA Water and Power Development Authority
ZTBL Zarai Taraqiati Bank Ltd.(Formally ADBP)

iii
The Team

Naseer Ahmad naseer.ahmed@sbp.org.pk


Additional Director

Saghir Pervaiz Ghauri saghir.pervaiz@sbp.org.pk


Joint Director

Muhammad Sajjad Kiani Sajjad.Kiani@sbp.org.pk


Assistant Director
SBP Annual Report-Statistical Supplement FY 17

1.1 Selected Economic Indicators

Indicators FY13 FY14 FY15 FY16 FY17


Economic Growth
1. GDP at Current Basic Prices (Billion Rs.) 22,386.0 25,169.0 27,443.0 29,102.6 31,862.2
2. GDP at Constant Basic Prices of 2005-06 (Billion Rs.) 10,162.0 10,637.0 11,140.1 11,749.7 12,416.9
3. Agricultural Sector Real Growth Rate 2.7 2.5 2.1 0.3 3.5
4. Manufacturing Sector Real Growth Rate 4.8 5.6 3.9 3.7 5.3
5. Services Sector Real Growth Rate 5.1 4.5 4.4 5.5 6.0
Monetary Sector
6. Currency/Deposits ratio 0.28 0.28 0.29 0.35 0.37
7. RFCDs /Deposits 0.07 0.08 0.07 0.06 0.06
8. M2/GDP1 0.40 0.40 0.41 0.43 0.46
9. Private Sector Credit/GDP1 (%) 15.00 15.02 14.56 15.08 16.31
10. Private Sector Credit/Deposits 0.49 0.49 0.46 0.47 0.49
11. M2 Growth Rate 15.91 12.53 13.20 13.67 13.69
12. Reserve Money Growth Rate 15.82 12.86 9.86 26.47 22.50
13. Money Multiplier 3.49 3.48 3.59 3.23 3.00

Banking Sector
14. Capital Adequacy Ratio 15.5 15.1 17.2 16.1 15.6
15. Advances/ Deposits Ratio 48.1 47.7 45.7 47.0 48.7
16. Return on Assets (After Tax) 1.1 1.4 1.6 1.3 1.1
17. NPLs/Advances (gross) 14.8 12.8 12.4 11.1 9.3
18. NPLs/Advances (net) 4.4 2.9 2.7 2.2 1.6
19. Provision/NPL 73.2 79.5 80.8 82.4 83.7

Interest Rates (%)


20. SBP Reverse Repo Rate (End Period) 9.00 10.00 7.00 6.25 6.25
21. Inter Bank Average Call Rates (Overnight) 9.45 8.85 8.50 6.05 5.82
22. Six Month Treasury Bill Weighted Average Rate (End Period) 8.90 10.00 6.90 5.89 6.01
23. Six Months KIBOR (End Period) 8.97 10.05 6.92 5.99 6.03
24. Weighted Average Rates of Return on Deposits (End Period) 4.38 4.29 3.41 2.75 2.53
25. Weighted Average Rates of Return on Advances (End Period) 11.59 11.00 9.20 8.40 7.49
26. Yield on Five Year PIBs Weighted Average (End Period) 10.05 12.55 8.88 6.88 6.90
27. SBP Export Finance Scheme Rate (End Period) 8.40 8.40 5.00 3.50 2.00
Inflation2
28. Consumer Price Inflation (Average) 7.40 8.60 4.50 2.86 4.15
29. Core Inflation 3 9.60 8.30 6.54 4.17 5.17
30. Wholesale Price Inflation 7.30 8.20 (0.30) (1.06) 4.04

Fiscal Balance (Billion Rs.)


31. Federal Government Revenue Receipts 2,775.3 3,412.0 3,662.5 4,080.1 4,549.0
32. Federal Government Expenditure & Lending 3,441.0 3,759.1 3,761.7 3,921.1 4,361.8
33. Federal Government Development Outlays 430.3 711.5 627.7 717.7 849.1

External Sector
Foreign Trade 4
34. Exports-fob (Million US $) 24,461 25,110 23,668 20,786 20,428
35. Imports-cif (Million US $) 44,951 45,072 45,825 44,685 52,932
36. Terms of Trade (1990-91 = 100) 53.81 54.27 54.05 56.33 57.17
37. Export Price Index (199091 = 100) 715.45 752.86 759.21 705.03 701.43
38. Import Price Index (199091 = 100) 1,329.56 1,387.15 1,404.72 1,251.53 1,226.92
1. GDP at Basic Price
2. Base year 2007-08=100
3. Excluding Food, Electricity, Gas, Kerosene Oil, and Motor Fuel
4. Based on trade data of PBS

2
Selected Economic Indicators

1.1 Selected Economic Indicators

Indicators FY13 FY14 FY15 FY 16 FY17


Balance of Payments
39. Current Account Balance (Million US $) (2,496) (3,130) (2,795) (4,867) (12,120)
40. Current Account Balance (% of GDP)1 (1.1) (1.3) (1.0) (1.7) (4.0)
41. Financial Account Balance (Million US $) (549) (5,553) (5,074) (6,790) (9,586)
42. Foreign Direct Investment in Pakistan (net) (Million US $) 1,456 1,700 988 2,305 2,411
43. Portfolio Investment in Pakistan (net) (Million US $) 125 27,39 1,844 (329) (254)

Foreign Exchange Reserves


44. SBP Liquid Reserves5(Million US $) 6,046 9,173 13,538 18,192 16,242
45. Gold and Foreign Exchange Reserves (Million US $) 10,831 14,407 18,683 23,539 21,860
46. Official Reserves in weeks of next year imports on cif basis 14.3 17.7 23.5 32.3 23.0
47. Ratio of Official Reserves to Broad Money (%) 6.8 9.1 12.2 14.9 11.7

Exchange Rates
48. Exchange Rate (Yearly Average, Rs. per US Dollar) 96.7272 102.8591 101.2947 104.2351 104.6971
49. Exchange Rate (End Period, Rs. per US Dollar)6 98.9093 98.6524 101.7259 104.6490 104.7907
50. Real Effective Exchange Rate (Base 2010=100) 103.1498 104.1219 115.6041 120.9241 125.1462
51. Nominal Effective Exchange Rate (Base 2010=100) 87.3543 82.8628 89.2771 91.9345 93.0132

External and Domestic Debt


52. Short-term External Debt (Million US $) 264.0 731.3 1,012.0 1,687.7 882.1
as % of Official Reserves 4.4 8.0 7.5 9.3 5.4
53. External Debt (Million US $) 57,793.3 61,987.1 61,461.0 70,344.6 79,416.3
as % of GDP1 25.0 25.3 22.7 25.2 26.1
as % of Exports of Goods, Services & Income 180.5 200.4 200.8 250.9 284.6
54. External Debt & Liability (Million US $) 60,899.3 65,268.5 65,170.3 73,944.6 82,980.7
as % of GDP1 26.3 26.7 24.1 26.5 27.3
55. External Debt Servicing (Million US $) 5,978.3 6,567.3 4,672.5 4,421.0 6,073.1
as % of Exports of Goods, Services & Income 18.7 21.2 15.3 15.8 21.8
56. Government Domestic Debt (Billion Rs.) 9,520.4 10,906.5 12,192.5 13,625.9 14,849.2
as % of GDP1 42.5 43.3 44.4 46.8 46.6
57. Total Debt (Billion Rs.) 15,560.7 17,407.1 18,907.4 21,563.4 24,001.7
as % of GDP1 69.5 69.4 68.9 74.1 75.3

Capital Market7
58. KSE 100 Index (1991 = 1,000) 21,006 29,653 34,399 37,784 46,565
59. Market Capitalisation of Ordinary Shares (Billion Rs.) 5,155 7,023 7,421 7,588 9,522

Per Capita Indicators


60. GNI (bp) at Current Prices (Rupees) 129,005 142,849 153,357 159,572 161,879
61. GNI (bp) at Constant Prices (Rupees) 57,881 59,675 61,563 64,094 62,958
62. Exports (US Dollars) 136 135 127 114 104
63. Imports (US Dollars) 220 224 218 213 234
64. Reserves (US Dollars) 59 77 98 122 105
65. External Debt (US Dollars) 317 333 324 363 382
66. Debt Servicing (US Dollars) 33 35 25 23 29

Social Sector8
67. Population (Million) 182.53 186.19 189.87 193.56 207.77
68. Unemployment Rate (%) 6.24 6.00 5.90
69. Education Expenditures as % of GNP 2.10 2.10 2.20 2.30
70. Literacy Rate (%) 60.00 58.00 60.00 58.00
71. Health Expenditures as % of GDP 0.56 0.69 0.72 0.76 0.46
72. Infant Mortality Rate per 1,000 persons 67.50 66.10 64.60 66.00 62.00
5. SBP Liquid Reserves Exclude CRR
6. Mid-point of spot buying and selling
7. 30th June
8. Pakistan Economic Survey 2014-15

3
SBP Annual Report-Statistical Supplement FY 17

1.2 International Economic Indicators


2017
Country or Region Indicators 2013 2014 2015 2016
Projection

Real GDP (Annual % change)


World 3.4 3.5 3.4 3.1 3.5
United States 1.7 2.4 2.6 1.6 2.3
Euro Area (0.3) 1.2 2.0 1.7 1.7
Japan 2.0 0.3 1.2 1.0 1.2
China 7.8 7.3 6.9 6.7 6.6
India 6.5 7.2 7.9 6.8 7.2
Indonesia 5.6 5.0 4.9 5.0 5.1
Thailand 2.7 0.9 2.9 3.2 3.0
Pakistan* 3.7 4.1 4.1 4.5 5.3
Per Capita GDP Current Prices (US Dollar)
United States 52,741.7 54,559.9 56,174.9 57,436.4 59,609.1
Japan 40,490.2 38,143.1 34,513.4 38,917.3 38,281.6
China 7,080.8 7,701.7 8,166.8 8,113.3 8,480.7
India 1,475.2 1,594.3 1,615.8 1,723.3 1,850.2
Indonesia 3,684.0 3,533.6 3,370.9 3,604.3 3,895.3
Thailand 6,157.4 5,921.1 5,799.4 5,899.4 6,265.3
Pakistan* 1,267.9 1,314.2 1,426.9 1,442.5 1,464.7
Inflation % (Consumer Prices)
World 3.3 2.9 2.9 3.1 3.5
United States 1.3 0.5 0.7 2.2 2.3
Euro Area 0.8 (0.2) 0.2 1.1 1.5
Japan 1.5 2.5 0.2 0.3 0.8
China 2.5 1.5 1.6 2.1 2.5
India 8.2 5.3 5.3 4.9 4.9
Indonesia 8.1 8.4 3.4 3.0 4.5
Thailand 1.7 0.6 (0.9) 1.1 1.6
Pakistan* 7.4 8.6 4.5 2.9 4.2
Current Account Balance (Billion US Dollars)
World 408.3 388.3 225.4 285.8 250.0
United States (366.4) (392.1) (463.0) (481.2) (522.8)
Euro Area 286.9 320.6 351.4 399.8 347.2
Japan 45.9 36.5 135.6 191.0 202.5
China 148.2 236.0 304.2 196.4 149.3
India (32.3) (26.8) (22.1) (20.9) (36.5)
Indonesia (29.1) (27.5) (17.5) (16.3) (19.4)
Thailand (4.8) 15.1 32.1 46.4 42.0
Pakistan* (2.5) (3.1) (2.8) (4.9) (12.1)

Source : IMF World Economic Outlook


Note: Data pertains to calendar year. * PBS & SBP
* pertains to fiscal year

4
Jun-17
Jun-17
May-17
Deposite Rate
Selected Economic Indicators

May-17
Apr-17
KIBOR(6 Months)

Apr-17 Mar-17
Mar-17 Feb-17
Weighted Average Lending and Deposite Rates

Feb-17 Jan-17
Jan-17 Dec-16
Dec-16 Nov-16
Nov-16 Oct-16
Lending Rate

Oct-16 Sep-16
Sep-16 Aug-16
Tbill Rate(6 Months)

Aug-16 Jul-16
Interest Rates

Jul-16 Jun-16
Jun-16 May-16
May-16 Apr-16
Apr-16
Mar-16
Spread

Feb-16
Mar-16
Jan-16
Feb-16
Dec-15
Jan-16
Nov-15
Dec-15
Discount Rate

Oct-15
Nov-15
Sep-15
Oct-15
Aug-15
Sep-15
Jul-15
Aug-15
Jul-15

-
10
7.5

7.0

6.5

6.0

5.5

5.0

Percent
Percent

5
Jun-17 Jun-17
May-17 May-17
Apr-17 Apr-17
Mar-17 Mar-17
Feb-17 Feb-17
Food

Jan-17 Jan-17
Dec-16 Dec-16
Nov-16 Nov-16

Indices of NEER and REER


Oct-16

REER
Oct-16
Sep-16
Sep-16
Non-Food

Aug-16

Base 2010=100
Aug-16
Inflation Rates

Jul-16
(Base 2007-08=100)

Jul-16
Jun-16
Jun-16
May-16
May-16
Apr-16

NEER
Apr-16
Mar-16
Feb-16 Mar-16
General

Jan-16 Feb-16
Dec-15 Jan-16
Nov-15 Dec-15
Oct-15 Nov-15
Sep-15 Oct-15
Aug-15 Sep-15
Jul-15 Aug-15
Jul-15

270

250

230

210

190

170

150

90.00
80.00
70.00
60.00
50.00
140.00
130.00
120.00
110.00
100.00
Index No.
SBP Annual Report-Statistical Supplement FY 17

2.1 Gross National Income


(Billion Rupees)
Current Basic Prices Constant Basic Prices of 2005-06
Sector Amount Growth (%) Amount Growth (%)
FY15 FY16R FY 17P FY15 FY16 R FY 17P FY15 FY16 R FY 17P FY15 FY16 R FY 17P
A. Agriculture Sector 6,536.12 6,759.21 7,369.93 9.37 3.41 9.04 2,202.04 2,208.09 2,284.56 2.13 0.27 3.46
1- Crops (i+ii+iii) 2,690.10 2,629.62 2,869.30 2.95 (2.25) 9.11 868.49 825.35 850.27 0.16 (4.97) 3.02
i. Important Crops 1,735.89 1,725.49 1,847.98 (1.39) (0.60) 7.10 553.57 523.31 544.88 (1.62) (5.47) 4.12
ii. Other Crops 769.87 741.45 837.11 10.75 (3.69) 12.90 250.01 251.48 252.01 2.51 0.59 0.21
iii. Cotton Ginning 184.35 162.68 184.21 17.07 (11.75) 13.23 64.92 50.56 53.38 7.24 (22.12) 5.59
2- Livestock 3,612.24 3,846.66 4,160.66 15.42 6.49 8.16 1,246.51 1,288.37 1,332.58 3.99 3.36 3.43
3- Forestry 142.90 170.71 201.21 (7.04) 19.46 17.87 40.76 46.59 53.34 (12.45) 14.31 14.49
4- Fishing 90.87 112.22 138.76 13.76 23.49 23.65 46.28 47.78 48.37 5.75 3.25 1.23

B. Industrial Sector 5,239.15 5,311.05 5,700.11 3.95 1.37 7.33 2,198.03 2,325.44 2,442.20 5.18 5.80 5.02
1- Mining & Quarrying 707.24 656.71 653.51 (4.56) (7.14) (0.49) 313.71 335.24 339.75 4.97 6.86 1.34
2- Manufacturing 3,510.54 3,511.57 3,803.63 2.99 0.03 8.32 1,441.46 1,494.17 1,572.95 3.88 3.66 5.27
i. Large-Scale 2,853.22 2,800.18 3,014.55 1.02 (1.86) 7.66 1,159.05 1,193.14 1,251.98 3.28 2.94 4.93
ii. Small-Scale 373.60 406.65 456.67 14.24 8.85 12.30 183.61 198.65 214.91 8.21 8.20 8.18
iii. Slaughtering 283.72 304.74 332.41 10.41 7.41 9.08 98.80 102.37 106.07 3.34 3.61 3.61
3. Electricity and Gas Distribution 480.52 536.85 560.14 18.30 11.72 4.34 186.17 201.87 208.73 13.48 8.43 3.40
4- Construction 540.86 605.92 682.83 11.65 12.03 12.69 256.69 294.15 320.77 7.26 14.60 9.05

Commodity Producing Sector (A+B) 11,775.27 12,070.26 13,070.03 6.89 2.51 8.28 4,400.07 4,533.52 4,726.76 3.63 3.03 4.26

C. Services Sector 14,314.42 15,359.04 16,825.93 10.00 7.30 9.55 6,231.58 6,577.14 6,970.20 4.36 5.55 5.98
1- Wholesale and Retail Trade 5,045.26 5,098.41 5,584.20 2.45 1.05 9.53 1,943.61 2,026.31 2,164.40 2.60 4.25 6.82
2- Transport, Storage and
3,107.79 3,542.86 3,797.27 25.58 14.00 7.18 1,424.26 1,492.88 1,551.71 5.07 4.82 3.94
Communication
3- Finance and Insurance 595.96 541.81 584.93 2.04 (9.09) 7.96 335.45 355.97 394.32 6.35 6.12 10.77
4- Housing Services (OD) 1,371.44 1,506.40 1,667.47 11.58 9.84 10.69 718.67 747.35 777.16 3.99 3.99 3.99
5- General Government Services 1,818.48 2,050.56 2,282.51 9.52 12.76 11.31 758.75 832.51 890.05 4.82 9.72 6.91
6- Other Private Services 2,375.50 2,619.00 2,909.55 11.02 10.25 11.09 1,050.84 1,122.14 1,192.56 6.06 6.78 6.28
GDP (Total of GVA at bp) (A+B+C) 26,089.69 27,429.29 29,895.96 8.58 5.13 8.99 10,631.65 11,110.66 11,696.96 4.06 4.51 5.28
Taxes 1,633.88 1,901.74 2,194.27 10.39 16.39 15.38 616.35 725.00 804.38 10.72 17.63 10.95
Subsidies 280.55 228.41 228.07 (17.53) (18.59) (0.15) 107.86 85.98 84.42 (21.18) (20.29) (1.81)
GDP at mp (GVA+T-S) 27,443.02 29,102.63 31,862.17 9.04 6.05 9.48 11,140.14 11,749.69 12,416.92 4.73 5.47 5.68
Net Factor Income from Abroad 1,674.81 1,784.12 1,772.24 17.27 6.53 (0.67) 548.90 656.29 664.11 15.80 19.56 1.19
Gross National Income 29,117.83 30,886.75 33,634.41 9.48 6.08 8.90 11,689.04 12,405.97 13,081.03 5.20 6.13 5.44
Population (Millions) 189.87 193.56 197.26 1.98 1.94 1.91 189.87 193.56 197.26 1.98 1.94 1.91
Per capita income (Rupees) 153,357 159,572 170,508 7.36 4.05 6.85 61,563 64,094 66,314 3.16 4.11 3.46

P: Provisional R:Revised Source: Pakistan Bureau of Statistics


Note: Total may differ due to rounding off and growths (%) are arrived at from original value.
FC: Factor Cost, MP: Market Price P: Provisional, R: Revised OD: Ownership of Dwellings

Real GDP Growth


Agriculture Manufacturing Services Real GDP
7.00
6.00
5.00
4.00
percent

3.00
2.00
1.00
-
FY12 FY13 FY14 FY15 FY16 FY17
(1.00)

8
Economic Growth, Savings and Investment

2.2 Expenditure on Gross National Product


(Billion Rupees)
Current Basic Prices Constant Basic Prices of 2005-06
Expenditure
FY 13 FY 14 R FY 15 R FY 16 R FY 17 P FY 13 FY 14 R FY 15 R FY 16 R FY 17 P

GDP by Expenditure 22,385.66 25,168.81 27,443.02 29,102.63 31,862.17 10,161.85 10,636.89 11,140.14 11,749.69 12,416.92

Household Final Consumption Expenditure 18,091.83 20,391.21 21,890.28 23,285.75 26,075.28 1,112.40 1,129.12 1,220.93 1,321.40 1,462.58

General Government Final Consumption


2,463.12 2,708.92 3,011.20 3,287.93 3,786.76 1,332.65 1,366.26 1,581.76 1,687.44 1,827.12
Expenditure

Gross Fixed Capital Formation 2,990.13 3,280.82 3,871.40 4,061.10 4,517.04 162.59 170.19 178.24 188.00 198.67

Changes in Inventories 358.17 402.70 439.09 465.64 509.80 1,243.43 1,225.03 1,147.32 1,128.92 1,126.40

Export of Goods and Non-factor Services 2,972.18 3,081.31 2,910.17 2,659.18 2,641.62 1,554.63 1,558.58 1,533.53 1,713.07 2,124.08

Less Import of goods and non-factor services 4,489.77 4,696.16 4,679.11 4,656.97 5,668.33 7,865.41 8,304.88 8,545.42 9,137.00 9,926.24

Growth (%)

GDP by Expenditure 11.70 12.43 9.04 6.05 9.48 4.40 4.67 4.73 5.47 5.68

Household Final Consumption Expenditure 9.50 12.71 7.35 6.37 11.98 2.10 1.50 8.13 8.23 10.68

General Government Final Consumption


Expenditure
17.10 9.98 11.16 9.19 15.17 10.10 2.52 15.77 6.68 8.28

Gross Fixed Capital Formation 10.70 9.72 18.00 4.90 11.23 2.60 4.67 4.73 5.47 5.68

Changes in Inventories 11.70 12.43 9.04 6.05 9.48 4.40 (1.48) (6.34) (1.60) (0.22)

Export of Goods and Non-factor Services 19.60 3.67 (5.55) (8.62) (0.66) 13.60 0.25 (1.61) 11.71 23.99

Less Import of goods and non-factor services 9.70 4.60 (0.36) (0.47) 21.72 1.80 5.59 2.90 6.92 8.64

P: Provisional R:Revised Source: Pakistan Bureau of Statistics

1. The series may not be comparable with similar series given in earlier reports due to revisions by the Pakistan Bureau of Statistics.
2. The figures of exports and imports used in this table are based on trade statistics which are compiled on the basis of actual entry of imports and actual exit of exports from the
country. The deficit on the current account of the balance of payment computed from these data does not equal the estimates of external resource inflow provided by Planning
Division (Table -2.4) as the latter is based on Balance of Payment data compiled on the basis of Payments for imports and receipts from exports
3. The figure of net factor income from abroad given in the table includes the imputed value of accompanied personal baggage whereas Planning Division's estimates of this
variable (Difference of national and domestic savings given in Table-2.4) exclude personal baggage. Hence the two figures are not comparable.

9
SBP Annual Report-Statistical Supplement FY 17

2.3 Gross Fixed Capital Formation


(Billion Rupees)
At Current Market Prices At Constant Market Prices of 2005-06
Sectors FY 13 FY 14 R FY 15 R FY 16 R FY 17 P FY 13 FY 14 R FY 15 R FY 16 R FY 17 P

TOTAL (I+II) 3,275.22 3,487.83 4,156.31 4,302.73 4,839.03 1,332.65 1,366.26 1,581.76 1,687.44 1,827.12

I- Private Sector 2,487.40 2,690.83 3,128.07 3,199.51 3,475.94 1,005.53 1,062.26 1,190.71 1,264.55 1,316.79
Agriculture 698.90 725.39 820.39 849.93 919.93 300.99 296.80 315.46 315.51 329.52
Mining and Quarrying 44.42 70.14 74.36 93.43 98.88 12.27 17.79 15.41 23.44 17.15
Manufacturing 372.58 381.42 429.48 470.47 504.93 150.24 142.49 162.36 179.32 179.17
(i) Large Scale 351.72 357.56 403.09 441.19 471.60 140.72 132.28 151.39 167.54 166.53
(ii) Small Scale (including Slaughtering) 20.87 23.87 26.40 29.27 33.32 9.51 10.22 10.97 11.77 12.64
Electricity Generation & Distribution and Gas Distribution 162.76 104.93 218.45 167.94 184.60 4.03 7.70 19.95 3.51 4.65
Construction 30.22 49.04 39.70 49.01 89.77 7.59 14.41 14.34 21.37 40.78
Wholesale and Retail Trade 64.42 73.00 74.71 77.12 85.69 26.21 27.46 28.18 29.40 31.41
Transport, Storage and Communication 351.98 436.68 538.93 511.12 518.67 116.43 151.47 209.65 243.51 244.65
Finance & Insurance 47.46 40.77 49.56 57.90 70.62 15.00 13.48 16.61 19.44 19.97
Housing Services ( Ownership of Dwellings) 468.46 525.82 568.52 577.28 619.51 250.19 260.20 270.61 281.43 292.69
Other Private Services 246.20 283.65 313.97 345.32 383.35 122.58 130.47 138.14 147.62 156.79

II- Public Sector and General Government (A+B) 787.82 797.01 1,028.24 1,103.23 1,363.09 327.12 304.00 391.05 422.90 510.33
(A) Public Sector (Autonomous and Semi-Autonomous Bodies) 285.09 207.01 284.91 241.63 321.99 122.62 82.09 110.65 94.43 128.68
Agriculture 0.09 0.10 0.13 0.15 0.21 0.05 0.05 0.07 0.08 0.11
Mining and Quarrying 15.20 21.93 31.70 28.42 52.13 6.39 8.09 11.46 10.25 19.12
Manufacturing 5.78 5.85 1.76 1.71 17.33 2.35 2.20 0.66 0.65 6.35
Construction 153.17 84.07 163.23 158.21 171.93 64.33 31.02 58.98 57.03 63.06
Electricity Genration & Distribution and Gas Distribution 16.00 19.92 9.57 5.18 3.45 8.55 9.86 4.56 2.52 1.63
Transport, Storage and Communication 84.28 70.21 72.99 41.05 60.82 36.65 29.02 32.84 21.26 32.50
(i) Railways 24.48 8.77 6.20 5.83 11.24 10.65 3.62 2.79 3.02 6.00
(ii) Post Office and PTCL 12.60 18.14 18.23 13.64 11.37 5.48 7.50 8.20 7.07 6.08
(iii) Others 47.20 43.31 48.56 21.58 38.21 20.53 17.90 21.85 11.18 20.42
Finance & Insurance 10.58 4.93 5.54 6.92 16.13 4.30 1.85 2.09 2.64 5.91

(B) General Government 502.73 589.99 743.33 861.60 1,041.10 204.50 221.90 280.40 328.47 381.65
(i) Federal 147.75 164.74 208.95 229.13 299.10 60.10 61.96 78.82 87.35 109.64
(ii) Provincial 288.46 358.79 442.65 527.46 638.09 117.34 134.95 166.98 201.08 233.91
(iii) Local Bodies 66.51 66.47 91.72 105.01 103.91 27.06 25.00 34.60 40.03 38.09

Growth (%)

TOTAL (I+II) 10.69 6.49 19.17 3.52 12.46 2.58 2.52 15.77 6.68 8.28

I- Private Sector 12.92 8.18 16.25 2.28 8.64 4.29 5.64 12.09 6.20 4.13
Agriculture 11.91 3.79 13.10 3.60 8.24 4.00 (1.39) 6.29 0.02 4.44
Mining and Quarrying (14.57) 57.91 6.02 25.65 5.84 (25.47) 44.96 (13.35) 52.06 (26.83)
Manufacturing 30.73 2.37 12.60 9.54 7.32 21.03 (5.15) 13.94 10.44 (0.08)
(i) Large Scale 31.81 1.66 12.73 9.45 6.89 22.08 (6.00) 14.45 10.67 (0.61)
(ii) Small Scale (including Slaughtering) 14.87 14.37 10.61 10.90 13.84 7.35 7.37 7.35 7.36 7.36
Electricity Genration & Distribution and Gas Distribution 22.59 (35.53) 108.19 (23.12) 9.92 (86.48) 91.04 159.29 (82.42) 32.50
Construction 23.58 62.28 (19.05) 23.45 83.17 (1.36) 89.77 (0.49) 49.00 90.86
Wholesale and Retail Trade 11.16 13.32 2.35 3.22 11.12 3.55 4.77 2.65 4.31 6.85
Transport, Storage and Communication 31.25 24.06 23.41 (5.16) 1.48 14.49 30.09 38.41 16.15 0.47
Finance & Insurance 31.49 (14.10) 21.56 16.84 21.96 18.13 (10.16) 23.20 17.04 2.76
Housing Services ( Ownership of Dwellings) 14.66 12.24 8.12 1.54 7.32 4.00 4.00 4.00 4.00 4.00
Other Private Services 13.64 15.21 10.69 9.99 11.01 5.34 6.44 5.88 6.87 6.21

II- Public Sector and General Government (A+B) 4.89 1.17 29.01 7.29 23.55 (2.34) (7.07) 28.64 8.14 20.68
(A) Public Sector (Autonomous and Semi-Autonomous Bodies) 82.97 (27.39) 37.63 (15.19) 33.26 63.51 (33.05) 34.78 (14.66) 36.27
Agriculture (1.06) 3.23 31.25 15.08 42.07 (3.70) (3.85) 30.00 15.38 40.00
Mining and Quarrying (15.88) 44.27 44.54 (10.36) 83.42 (27.20) 26.73 41.54 (10.56) 86.62
Manufacturing 100.42 1.32 (69.94) (2.61) 911.20 86.66 (6.30) (69.85) (1.66) 873.05
Construction 114.60 (45.11) 94.15 (3.07) 8.67 85.70 (51.78) 90.12 (3.30) 10.57
Electricity Generation & Distribution and Gas Distribution 40.64 24.49 (51.95) (45.90) (33.41) 27.57 15.34 (53.78) (44.60) (35.46)
Transport, Storage and Communication 87.27 (16.69) 3.96 (43.77) 48.18 78.74 (20.83) 13.18 (35.25) 52.84
(i) Railways 473.93 (64.18) (29.33) (5.99) 92.88 447.92 (65.97) (23.05) 8.25 98.94
(ii) Post Office and PTCL (10.93) 43.94 0.52 (25.16) (16.66) (14.99) 36.79 9.43 (13.84) (14.04)
(iii) Others 77.50 (8.25) 12.14 (55.57) 77.11 69.41 (12.81) 22.08 (48.85) 82.69
Finance & Insurance 50.88 (53.40) 12.29 25.00 133.17 40.57 (56.91) 12.62 26.34 124.18

(B) General Government (15.55) 17.36 25.99 15.91 20.83 (21.33) 8.51 26.36 17.14 16.19
(i) Federal 2.03 11.50 26.84 9.66 30.54 (4.95) 3.09 27.22 10.82 25.52
(ii) Provincial (22.61) 24.38 23.37 19.16 20.97 (27.90) 15.00 23.74 20.42 16.33
(iii) Local Bodies (14.48) (0.07) 38.00 14.49 (1.04) (20.33) (7.60) 38.41 15.70 (4.84)

P: Provisional R:Revised Source: Pakistan Bureau of Statistics

10
Economic Growth, Savings and Investment

2.4 Investment and Savings at Current Prices

(Billion Rupees)

Amount As % of GDP
Item
Average
FY13 FY14 FY15 R FY16 R FY 17P FY13 FY14 FY15 R FY16 R FY 17P
FY 1317

Total Investment 4,179.2 3,348.3 3,683.5 4,310.5 4,526.7 5,026.8 15.0 14.6 15.7 15.6 15.8
Gross Fixed Investment 3,744.1 2,990.1 3,280.8 3,871.4 4,061.1 4,517.0 13.4 13.0 14.1 14.0 14.2
Public Sector (Gen. Govt+Public) 1,015.9 787.8 797.0 1,028.2 1,103.2 1,363.1 3.5 3.2 3.7 3.8 4.3
Private Sector 2,728.2 2,202.3 2,483.8 2,843.2 2,957.9 3,153.9 9.8 9.9 10.4 10.2 9.9
Changes in Stocks 435.1 358.2 402.7 439.1 465.6 509.8 1.6 1.6 1.6 1.6 1.6
Net External Resource Inflow 276.3 241.4 322.0 274.4 258.5 285.0 1.1 1.3 1.0 0.9 0.9
Gross National Savings 3,768.0 3,106.9 3,361.5 4,036.1 4,161.7 4,173.9 13.9 13.4 14.7 14.3 13.1
Net Factor Income from abroad 1,564.2 1,161.6 1,428.2 1,674.8 1,784.1 1,772.2 5.2 5.7 6.1 6.1 5.6
Domestic Savings 2,203.8 1,945.3 1,933.3 2,361.3 2,377.6 2,401.7 8.7 7.7 8.6 8.2 7.5
Government (556.3) (1,138.8) (523.3) (414.2) (154.0) (551.2) (5.1) (2.1) (1.5) (0.5) (1.7)
Non-Government (including PSEs) 2,781.4 3,084.0 2,456.6 2,775.5 2,638.1 2,952.9 13.8 9.8 10.1 9.1 9.3

GDP (Market Prices) 27,192.5 22,385.7 25,169.0 27,443.0 29,102.6 31,862.2


GNI (Market Prices) 28,756.7 23,547.3 26,597.0 29,117.8 30,886.7 33,634.4

P: Provisional, R:Revised Source: Ministry of Planning, Development and Reform.

Investment and Savings at Current Prices


Gross Fixed Investment National Savings GFI as % of GDP(RHS) National Savings as % of GDP(RHS)

5,000 15.0
4,500
4,000 14.5
Billion Rupees

3,500 14.0
Percent

3,000
2,500 13.5
2,000
1,500 13.0
1,000 12.5
500
0 12.0
FY13 FY14 FY15 FY16 FY17

11
SBP Annual Report-Statistical Supplement FY 17

2.5 Area, Production and Yield of Important Crops


Area : 000Hectares
Production : 000Tonnes

Yield : Kilogram per Hectares

FY14 FY15 FY16R FY 17P


Crop
Area Production Yield Area Production Yield Area Production Yield Area Production Yield

Food Crops

Wheat 9,199 25,979 2,824 9,204 25,086 2,726 9,224 25,633 2,779 9,052 25,750 2,845

Rice 2,789 6,798 2,437 2,891 7,003 2,422 2,739 6,801 2,483 2,724 6,849 2,514

Maize 1,168 4,944 4,233 1,142 4,937 4,323 1,191 5,271 4,426 1,334 6,130 4,595

Fibre Crop

Cotton * 2,806 12,769 4,551 2,961 13,960 4,715 2,902 9,917 3,417 2,489 10,671 4,287

Other Crop

Sugarcane 1,173 67,460 57,511 1,141 62,826 55,062 1,131 65,482 57,897 1,217 73,607 60,482

Growth (%)

Food Crops

Wheat 6.20 7.30 1.00 0.05 (3.44) (3.49) 0.22 2.18 1.96 (1.86) 0.46 2.37

Rice 20.80 22.80 1.60 3.66 3.02 (0.62) (5.26) (2.88) 2.50 (0.55) 0.71 1.26

Maize 10.20 17.20 6.30 (2.23) (0.14) 2.13 4.29 6.77 2.37 12.01 16.30 3.83

Fibre Crop

Cotton * (2.50) (2.00) 0.50 5.52 9.33 3.60 (1.99) (28.96) (27.52) (14.23) 7.60 25.46

Other Crop

Sugarcane 3.90 5.80 1.90 (2.73) (6.87) (4.26) (0.88) 4.23 5.15 7.60 12.41 4.46

P: Provisional Source: Pakistan Bureau of Statistics

* Production in '000' bales (1 bale = 375 lbs or 170.09711 Kilogram)

12
Economic Growth, Savings and Investment

2.6 Production of Selected Manufactured Goods and Minerals


Average FY 1316 Production Growth (%)
Manufactured Goods/Minerals
Production Growth% FY13 FY14 FY15 FY16R FY 17P FY13 FY14 FY15 FY16 R FY 17P

Manufactured Goods
Cotton Yarn (Thousand Tons) 3,221 3.0 3,060 3,324 3,360 3,406 3,428 3.6 8.63 1.08 1.37 0.65
Cotton Cloth (Million Meters) 1,033 0.4 1,029 1,036 1,037 1,039 1,043 0.6 0.68 0.10 0.19 0.42
Jute Goods (Thousand Tons) 90 -7.8 103 102 94 55 60 9.3 (0.97) (7.84) (41.49) 8.89
Vegetable Ghee (Thousand Tons) 1,170 2.6 1,139 1,185 1,185 1,238 1,312 3.3 4.04 - 4.47 5.97
Cooking Oil (Thousand Tons) 363 4.4 363 375 366 386 392 12.5 3.31 (2.40) 5.46 1.54
Sugar (Thousand Tons) 5,111 4.4 5,074 5,582 5,150 5,115 7,049 9.5 10.01 (7.74) (0.68) 37.80
Cigarettes (Billion Numbers) 62 -3.5 67 64 63 54 34 8.8 (4.48) (1.56) (14.29) (36.40)
Cement (Thousand Tons) 31,931 4.3 31,055 31,418 32,185 35,442 37,021 5.1 1.17 2.44 10.12 4.46
Pig Iron (Thousand Tons) 161 -4.0 201 89 265 2 0 (19.1) (55.72) 197.75 (99.25) (100.00)
Coke (Thousand Tons) 152 113.9 203 32 276 57 0 5.4 (84.24) 762.50 (79.35) (100.00)
Fertilizers (Thousand Tons) 6,656 6.4 5,717 6,677 6,963 7,946 8,031 (4.4) 16.79 4.28 14.12 1.07
Urea 4,907 5.5 4,215 4,930 5,073 5,847 5,913 (5.7) 16.96 2.90 15.26 1.12
Ammonium Nitrate 514 20.6 401 519 569 647 665 (7.2) 29.43 9.63 13.71 2.73
Nitro-Phosphate 435 20.9 292 447 502 595 630 (13.5) 53.08 12.30 18.53 5.91
Super-Phosphate 83 -14.4 79 88 64 69 82 (30.9) 11.39 (27.27) 7.81 18.33
Dia Ammonium Phosphate 718 3.8 730 693 755 788 741.5 17.2 (5.07) 8.95 4.37 (5.90)
Chemicals (Thousand Tons) 698 3.0 654 677 709 785 777 (1.8) 3.52 4.73 10.72 (1.00)
Soda Ash 410 4.5 366 409 437 469 480 (1.2) 11.75 6.85 7.32 2.29
Caustic Soda 188 6.0 183 167 184 225 224 2.1 (8.74) 10.18 22.28 (0.49)
Chlorine Gas 16 2.3 15 15 17 17 16 (1.7) - 13.33 - (4.12)
Sulphuric Acid 84 -7.8 89 85 70 75 56 (10.9) (4.49) (17.65) 7.14 (25.33)
Paper & Board (Thousand Tons) 612 7.6 614 685 620 610 407 16.0 11.56 (9.49) (1.61) (33.29)
Cycle Tyres & Tubes (Thousand) 11,619 4.5 11,175 12,099 13,028 11,515 11,509 8.7 8.27 7.68 (11.61) (0.05)
Motor Tyres & Tubes (Thousand) 30,046 4.0 28,133 29,627 30,866 34,253 34,357 2.9 5.31 4.18 10.97 0.30
Tractors (Numbers) 43,469 -9.1 50,871 34,524 48,883 34,914 53,975 5.6 (32.13) 41.59 (28.58) 54.59
Trucks / Buses (Numbers) 4,039 18.8 2,445 3,233 4,614 6,736 8,830 (22.7) 32.23 42.72 45.99 31.09
Motorcycle (Thousand Numbers) 1,780 5.0 1,675 1,728 1,777 2,071 2,501 1.5 3.16 2.84 16.54 20.75
Bicycle (Thousand Numbers) 222 -10.0 233 204 211 199 200 (11.1) (12.45) 3.43 (5.69) 0.61
Electric Transformers (Thousand
24 26 12 25 32 37 11.5 (53.85) 108.33 28.00 15.63
Numbers) 31.7
Minerals
Natural Gas (Billion Cubic Feet) 1,501 0.2 1,506 1,494 1,466 1,482 1,472 (3.4) (0.80) (1.87) 1.06 (0.65)
Crude Oil (Million U.S. Barrels) 30 6.2 28 32 34 32 32 13.3 14.29 7.78 (8.23) -
Coal (Thousand Tons) 3,239 1.6 2,813 3,311 3,407 3,749 3,747 (11.5) 17.70 2.90 10.04 (0.06)
Rock Salt (Thousand Tons) 2,287 7.9 2,160 2,220 2,136 3,553 3,531 1.1 2.78 (3.78) 66.34 (0.63)
Gypsum (Thousand Tons) 1,402 15.7 1,250 1,322 1,417 1,872 1,998 (0.8) 5.76 7.19 32.11 6.71
Limestone (Thousand Tons) 39,691 8.9 38,932 36,463 40,470 48,287 45,563 11.2 (0.37) 4.34 19.32 (5.64)
China Clay (Thousand Tons) 21 9.9 23 16 19 22 30 6.3 (30.43) 18.75 15.79 35.56
Chromites (Thousand Tons) 117 -6.7 136 83 102 69 104 (23.9) (38.97) 22.89 (32.35) 50.65
Silica Sand (Thousand Tons) 303 5.6 356 268 269 396 371 32.0 (24.72) 0.37 47.21 (6.38)
Dolomite (Thousand Tons) 379 42.3 336 593 222 717 453 69.3 76.49 (62.50) 222.25 (36.82)
Magnesite (Tons) 10,139 113.4 6,705 3,770 4,611 35,228 18,000 23.2 (43.77) 22.31 664.00 (48.91)
Sulphur (Thousand Tons) 24 -4.7 21 36 20 15 27 (17.8) 71.43 (44.44) (25.66) 79.71
Baryte (Thousand Tons) 112 43.5 118 132 205 158 54 144.2 13.56 52.99 (22.93) (66.09)
P: Provisional Sources: Pakistan Bureau of Statistics

Growth in Production of Selected Manufactured Goods Growth in Production of Selected Minerals

Cotton Yarn Sugar Cement Fertlizers Chemicals Natural Gas Coal Rock Salt Limestone
50 80
70
40
60
30 50
% Growth

40
% Growth

20
30
10 20
0 10
0
-10
-10
-20 -20
FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17

13
SBP Annual Report-Statistical Supplement FY 17

2.7 Agriculture Credit Disbursement, Recoveries and Outstanding (Net)


(Million Rupees)

Period DPBs MFBs ZTBL PPCBL 5 CBs IBs MFIs Total

FY 13 16(Average)
Disbursement 121,745 49,364 89,294 10,127 270,142 6,846 4,983 552,501
Disbursement
Farm Sector 49,292 30,664 70,274 8,173 126,088 2,038 1,939 288,468
DPBs MFBs ZTBL PPCBL 5 CBs IBs MFIs
Production Loans 38,233 30,664 63,709 8,089 98,393 1,530 1,939 242,557
Development Loans 7,098 - 6,565 83 2,918 454 - 17,119 400,000

Corporate Farming Loans 3,961 - - - 24,777 54 - 28,792 350,000

Non Farm Sector 72,453 18,700 19,020 1,955 144,054 4,808 3,043 264,033 300,000

Million Rupees
250,000
Recoveries 90,838 34,187 87,923 9,939 269,836 6,012 3,769 502,505
200,000
Outstanding 46,505 42,156 130,204 10,572 102,594 3,304 3,448 338,783
150,000

100,000
FY 14
50,000
Disbursement 84,813 22,796 77,920 8,809 195,488 1,527 - 391,353
0
Farm Sector 37,549 16,316 67,389 7,055 87,776 1,501 - 217,586 FY 13 FY 14 FY 15 FY 16 FY 17
Production Loans 29,405 16,316 58,002 7,045 84,972 1,498 - 197,238
Development Loans 3,932 - 9,387 10 2,804 3 - 16,136
Corporate Farming Loans 4,212 - - - - - - 4,212
Non Farm Sector 47,264 6,480 10,531 1,754 107,712 26 - 173,767
Recoveries 74,730 19,543 77,703 10,216 187,951 294 - 370,437
Outstanding 41,689 20,749 113,671 10,816 102,100 1,323 - 290,348 Recoveries to Disbursement
DPBs MFBs ZTBL PPCBL 5 CBs IBs MFIs
FY 15 1.4
Disbursement 108,708 32,951 95,827 10,486 262,912 4,991 - 515,875
1.2
Farm Sector 40,648 24,140 75,178 8,403 123,649 2,299 - 274,317
1.0
Production Loans 28,945 24,140 66,074 8,384 117,937 1,702 - 247,182
0.8
Ratio
Development Loans 3,881 - 9,104 19 3,279 547 - 16,830
Corporate Farming Loans 7,822 - - - 2,433 50 - 10,305 0.6
Non Farm Sector 68,060 8,811 20,649 2,083 139,263 2,692 - 241,558 0.4
Recoveries 81,527 25,174 82,716 9,234 252,488 3,510 - 454,649 0.2
Outstanding (Principal only) 46,201 27,136 126,788 9,988 101,084 2,157 - 313,354 0.0
FY 13 FY 14 FY 15 FY 16 FY 17
FY 16
Disbursement 154,398 53,938 90,977 10,335 280,100 8,540 - 598,288
Farm Sector 72,405 32,558 71,318 8,447 118,564 2,849 - 306,141
Production Loans 62,003 32,558 66,869 8,395 74,197 2,171 - 246,193
Development Loans 9,268 - 4,449 52 2,756 627 - 17,152
Corporate Farming Loans 1,134 - - - 41,611 51 - 42,796 Outstanding to Disbursement
Non Farm Sector 81,993 21,380 19,659 1,888 161,536 5,691 - 292,147 DPBs MFBs ZTBL PPCBL 5 CBs IBs MFIs
Recoveries 99,393 37,937 90,563 9,735 304,346 6,442 - 548,416 1.8
Outstanding (Principal only) 45,604 45,810 136,702 10,587 102,722 4,201 - 345,626 1.6
1.4
1.2
FY 17
1.0
Ratio

Disbursement 139,061 87,772 92,451 10,880 342,068 12,326 19,930 704,488 0.8
Farm Sector 46,568 49,644 67,210 8,786 174,362 1,503 7,757 355,829 0.6
Production Loans 32,578 49,644 63,890 8,534 116,465 749 7,757 279,617 0.4
0.2
Development Loans 11,313 - 3,319 252 2,833 640 - 18,357
0.0
Corporate Farming Loans 2,677 - - - 55,064 114 - 57,854 FY 13 FY 14 FY 15 FY 16 FY 17
Non Farm Sector 92,493 38,128 25,241 2,094 167,707 10,823 12,173 348,660
Recoveries 107,704 54,092 100,711 10,570 334,559 13,803 15,078 636,517
Outstanding (Principal only) 52,527 74,927 143,655 10,897 104,472 5,534 13,791 405,803

5 CBs: 5 Major Commercial Banks Source: Agricultural Credit & Microfinance


DPBs: Domestic Private Bank-5CBs
5 MFBs (Micro Finance Banks) included since July-2011 & 2 MFBs since July 2013)
3 Islamic Banks included since July 2013.

14
Economic Growth, Savings and Investment

2.8 Holding-wise Agricultural Credit Disbursement


(Million Rupees)

2016-17
Holding 2013-14 2014-15 2015-16
Jul-Sep Jul-Dec Jul-Mar Jul-Jun

Farm Sector 217,585.55 274,317.39 306,140.44 44,680.59 143,206.43 231,913.36 355,828.57

Subsistence Holding 124,409.89 145,135.01 152,890.07 21,294.35 64,037.96 102,564.52 158,413.04

Economic Holding 54,051.14 62,362.03 62,349.86 10,265.47 26,918.10 46,095.81 67,897.45

Above Economic Holding 39,124.53 66,820.35 90,900.51 13,120.77 52,250.37 83,253.03 129,518.08

Non Farm Sector 173,767.43 241,557.40 292,146.40 59,179.15 158,524.48 241,172.92 348,659.64

Livestock Dairy & Meat 72,611.59 113,407.37 139,329.15 28,994.16 83,658.30 123,596.41 176,679.57

Small Farm 58,019.45 67,748.74 84,577.43 16,750.34 52,349.58 79,320.99 109,672.03

Large Farm 14,592.15 45,658.63 54,751.73 12,243.82 31,308.72 44,275.42 67,007.54

Poultry 85,828.91 69,803.43 82,397.98 15,843.87 37,666.58 61,458.80 86,212.45

Small Farm 83,349.58 4,873.33 5,677.22 1,020.65 2,259.86 3,577.45 5,150.66

Large Farm 2,479.33 64,930.10 76,720.76 14,823.22 35,406.71 57,881.35 81,061.79

Fisheries 2,407.53 2,327.18 1,719.57 301.70 560.66 978.26 1,383.44

Small Farm 2399.574 284.544 236.482 58.90 115.09 179.03 229.39

Large Farm 7.96 2,042.64 1,483.08 242.80 445.57 799.23 1,154.05

Forestry 174.15 131.062 117.037 27.11 55.91 88.10 108.42

Small Farm 173.65 131.06 117.04 27.11 55.91 88.10 108.42

Large Farm 0.49 - - - - -

Others 12,745.25 55,888.35 68,582.66 14,012.31 36,583.04 55,051.37 84,275.76

Small Farm 12431.474 9,144.12 9,867.76 456.55 1,401.54 2,383.19 4,798.22

Large Farm 313.771 46,744.23 58,714.90 13,555.76 35,181.51 52,668.18 79,477.54

Grand total 391,352.98 515,874.78 598,286.84 103,859.74 301,730.91 473,086.28 704,488.20


Source: Agricultural Credit & Microfinance Department, SBP
Subsistence Holding: upto 12.5 acres in Punjab & Khyber Pakhtunkhwa, upto16 acres in Sindh, upto 32 acres in Balochistan.
Economic Holding: 12.5 to 50 acres in Punjab & Khyber Pakhtunkhwa, 16 to 64 acres in Sindh, 32 to 64 in Balochistan.
Above Economic Holding: above 50 acres in Punjab & Khyber Pakhtunkhwa, above 64 acres in Sindh, & Balochistan.
Small Farm: Upto 150 goats & sheeps, upto 20 animals for cows & buffaloes upto 50 animals for meat cattle, 5000 birds (broilers), 1000 birds (layers),
2 acres pounds for inland fisheries and one boat exceeding five gross ton capacity for marine fisheries.
Large Farm: Animals in number more than those for Small Farm.

15
SBP Annual Report-Statistical Supplement FY 17

2.9 Land Holding-wise Farm Loan Disbursement


(Amount in Million Rupees)
Size of Farm in Acres
Period
Upto 5 5.1 - 12.5 12.6 - 25 25.1 - 50 50.1 - 100 Above 100 Total

FY15

Q1
No. of Borrowers 106,509 40,517 12,938 7,855 5,049 2,456 175,324
Amount Disbursed 10,658.57 10,862.03 6,302.52 6,087.23 5,614.00 5,193.89 44,718.24
Q2
No. of Borrowers 305,655 92,789 20,578 7,788 3,497 727 431,034
Amount Disbursed 21,266.07 15,395.75 9,160.40 6,614.48 6,919.90 6,114.82 65,471.43
Q3
No. of Borrowers 210,595 79,334 24,910 8,846 4,811 780 329,276
Amount Disbursed 14,561.48 17,866.87 11,358.73 5,935.86 5,874.17 4,185.65 59,782.77
Q4
No. of Borrowers 318,870 129,670 33,124 10,887 6,067 1,240 499,858
Amount Disbursed 23,854.92 25,561.79 15,166.79 8,241.65 11,045.91 20,473.90 104,344.95

FY16

Q1
No. of Borrowers 106,424 42,068 16,359 6,296 4,514 1,027 176,688
Amount Disbursed 10,453.28 9,212.17 6,798.52 3,804.10 6,799.33 2,729.81 39,797.20
Q2
No. of Borrowers 362,179 83,231 19,140 8,800 5,229 1,134 479,713
Amount Disbursed 24,972.48 15,954.72 9,783.99 6,329.94 8,132.55 17,201.67 82,375.34
Q3
No. of Borrowers 204,316 63,925 25,022 9,994 5,388 874 309,519
Amount Disbursed 15,777.56 19,594.98 12,039.78 7,061.39 7,228.39 4,231.52 65,933.61
Q4
No. of Borrowers 379,888 70,287 16,055 7,212 3,959 785 478,186
Amount Disbursed 44,351.15 15,053.38 9,793.74 7,367.22 8,901.25 32,567.54 118,034.29

FY17

Q1
No. of Borrowers 125,914 48,063 17,737 7,023 3,934 1310 203,981
Amount Disbursed 11,551.69 9,433.52 6,776.28 4,173.05 4,626.40 8,119.13 44,680.07
Q2
No. of Borrowers 440,523 98,645 22,334 7,363 3,760 763 573,388
Amount Disbursed 26,824.31 15,888.48 10,705.72 6,520.96 7,747.60 30,839.87 98,526.93
Q3
No. of Borrowers 273,474 72,419 26,330 8,142 3,691 929 384,985
Amount Disbursed 19,524.24 19,049.85 12,926.29 6,961.76 6,657.59 23,586.68 88,706.41
Q4
No. of Borrowers 475,700 91,198 30,995 10,581 4,128 952 613,554
Amount Disbursed 34,868.49 21,501.55 15,520.50 7,794.28 8,518.58 35,711.76 123,915.16

Source: Agricultural Credit & Microfinance Department,, SBP


Note: Five Micro Finance Banks ( Khushhali, NRSP Microfinance Bank, First Microfinance, PakOman, Tameer ) included in FY 12 under category of Upto 5 acres.
Two Microfinance Banks ( Waseela & U Microfinance) and Three Islamic Banks ( Meezan, Bankislami &Burj) included in FY 2013-14.

16
Economic Growth, Savings and Investment

2.10 Financing for Fixed Industrial Investment


to Private Sector - Disbursement
(Million Rupees)
Financing
Industries
Apr-Jun 16 Jul-Sep 16 Oct-Dec 16 Jan-Mar 17 Apr-Jun 17 FY17
Manufacturing 12,479.89 12,943.34 20,162.84 11,051.73 19,210.14 63,368.04
1) Food Products and Beverages 1,190.70 3,727.96 2,215.26 1,906.74 4,453.22 12,303.18
i. Food Products 1,190.70 3,727.96 2,215.26 1,906.74 4,453.22 12,303.18
a. Sugar Industry 692.70 2,501.54 1,820.20 1,453.14 860.75 6,635.64
b. Other Food Industry 498.01 1,226.42 395.06 453.60 3,592.47 5,667.55
ii. Beverages - - - - - -
2) Tobacco 260.00 - - - 932.45 932.45
3) Textiles 4,779.91 2,747.75 7,811.01 5,855.15 7,453.32 23,867.23
i. Spinning Textiles 491.02 345.82 3,687.44 2,585.09 2,570.06 9,188.41
ii. Weaving Textiles 449.62 229.53 1,105.69 980.88 1,483.12 3,799.22
iii. Finishing 1,734.33 889.92 1,364.08 712.32 2,313.75 5,280.06
iv. Readymade Garments 475.63 224.73 107.75 162.74 217.03 712.26
v. Others 1,629.31 1,057.75 1,546.05 1,414.11 869.37 4,887.28
4) Tanning and Dressing of Leather - - 45.00 - - 45.00
5) Paper & Paperboard, Printing & Publishing 263.46 291.09 804.72 452.54 265.78 1,814.13
6) Coke & Refined Petroleum 1,289.77 359.44 2,372.76 0.15 130.00 2,862.34
7) Chemical & Chemical Products 2,048.39 5,164.30 4,986.69 286.23 3,098.33 13,535.55
i. Fertilizers and Nitrogen 2,000.00 5,000.00 3,520.60 - 2,000.00 10,520.60
ii. Medicinal & Pharmaceuticals 24.61 67.71 1,258.16 95.19 263.83 1,684.89
iii. Other Chemical And Chemical Products 23.77 96.59 207.94 191.04 834.50 1,330.07
8) Rubber & Plastic Products 467.79 98.42 209.50 522.81 523.94 1,354.67
9) Non-Metallic Mineral Products 273.27 72.40 378.59 911.81 284.83 1,647.63
i. Cement 273.27 65.72 378.59 911.81 284.83 1,640.95
ii. Other Non-Metallic Minerals - 6.69 - - - 6.69
10) Basic Metals 1,191.61 210.95 26.02 240.35 93.61 570.92
11) Fabricated Metal Products Except Machinery & Transport - - - - - -
12) Machinery & Equipment Except Electrical - - - 15.87 - 15.87
13) Electrical Machinery, Apparatus and Office Equipments 27.43 225.72 - - - 225.72
14) Electronics Industry 620.56 - 100.00 500.00 1,854.77 2,454.77
15) Transport Industry - - 172.35 60.78 72.94 306.07
i. Motor Vehicles, Trailers and Parts & Accessories - - - - 64.19 64.19
ii. Other Transport Equipment - - 172.35 60.78 8.75 241.88
16) Sports Goods - - - - - -
17) Other Manufactured Goods 67.00 45.30 1,040.95 299.30 46.94 1,432.49
Ship Breaking and Waste/Scrape (Junk) etc. 2,681.00 - - - - -
Electricity, Gas and Water Supply 6,547.49 3,005.53 10,537.74 13,603.87 18,656.88 45,804.02
Services & Miscellaneous Industries 9,410.33 6,746.53 6,200.56 8,896.50 14,855.66 36,699.26
Total 31,118.71 22,695.41 36,901.13 33,552.09 52,722.68 145,871.31
Source: Statistics & Data Warehouse Department, SBP

Financing for Fixed Industrial Investment to Private Sector-Disbursment

Textiles Food Products and Beverages


Cement Services and Miscellaneous Industries
Total (RHS)
18,000 60,000
15,000 50,000
Million Rupees

Million Rupees

12,000 40,000
9,000 30,000
6,000 20,000
3,000 10,000
0 0
Apr-Jun 16 Jul-Sep 16 Oct-Dec 16 Jan-Mar 17 Apr-Jun 17

17
SBP Annual Report-Statistical Supplement FY 17

2.11 Flow of Funds Accounts of Pakistan


Provisional
(Billion Rupees)
Overall Domestic Domestic Economy
1 Rest of the World
Transactions/ Sectors Sector General Government Private sector Banking
P P P P
FY16 FY17 FY16 FY17 FY16 FY17 FY16 FY17 FY16 FY17P
Gross national disposable income (GNDI) 30,593.1 33,619.9 3,041.8 3,286.1 27,551.3 30,333.9
Final consumption 26,573.7 29,862.0 3,287.9 3,786.8 23,285.7 26,075.3
Gross investment 4,061.1 4,517.0 1,103.2 1,363.1 2,957.9 3,153.9
Change in Inventories 465.6 509.8 465.6 509.8
Export of goods and non-factor services (2,857.2) (2,851.0)
Imports of goods and non-factor services 5,205.2 6,025.7
Net factor income 2,650.4 2,540.8
Private Transfers (4,430.2) (4,393.7)
Official transfers (60.9) (53.0)
3
Non-financial balances (S - I) = CAB (507.3) (1,268.9) (1,349.3) (1,863.8) 842.0 594.9 507.3 1,268.9
Foreign financing 459.8 1,242.6 370.5 541.4 284.1 296.0 (194.9) 405.2 (459.8) (1,242.6)
Non-monetary 654.6 837.4 370.5 541.4 284.1 296.0 (654.6) (837.4)
Foreign Direct investment (FDI) 240.3 252.4 240.3 252.4 (240.3) (252.4)
Net foreign borrowing 414.3 585.0 370.5 541.4 43.9 43.6 (414.3) (585.0)
Monetary (194.9) 405.2 (194.9) 405.2 194.9 (405.2)
Change in net foreign assets (NFA) (194.9) 405.2 (194.9) 405.2 194.9 (405.2)
Of which: Valuation changes (24.0) (1.0) 24.0 1.0
Domestic financing 983.1 1,363.7 (1,105.8) (875.9) 122.8 (487.8)
Monetary 791.3 1,087.1 (914.0) (599.3) 122.8 (487.8)
Domestic credit 791.3 1,087.1 628.7 1,157.0 (1,420.0) (2,244.0)
Broad money (1,542.7) (1,756.2) 1,542.7 1,756.2
Non-monetary 191.8 276.6 (191.8) (276.6)
Non-bank 191.8 276.6 (191.8) (276.6)
Net error and omissions/OIN 47.6 26.3 (4.2) (41.3) (20.3) (15.0) 72.1 82.6 (47.6) (26.3)
Source: Statistics & Data Warehouse Department, SBP
1 For the purpose of flow of funds accounts, banking sector is assumed not to have any nonfinancial transactions - that is, its saving-investment gap is identically equal to zero.
2 Budgetary support including accrued interest
3 CAB: Current Account Balance

18
SBP Annual Report-Statistical Supplement FY 17

3.1 Combined Consumer Price Index Numbers


by Commodity Groups (All Urban)
(200708=100)

Alcoholic Beverages

Restaurant & Hotels


Alcoholic Beverages

Elec., Gas & other

Household Equip.
Housing, Water,

Communication
Maintenance etc

Miscellaneous
Food & Non-

Recreation &
Furnishing &
Period

Clothing &
& Tobacco

Education
Transport
Footwear
General

Culture
Health

Core3
Fuels
Weights 100.00 34.83 1.41 7.57 29.41 4.21 2.19 7.20 3.22 2.02 3.94 1.23 2.76 53.52
Years
FY 14 189.58 211.75 223.38 198.01 164.60 195.85 167.15 195.15 129.76 183.77 172.57 228.61 210.15 172.19
FY 15 198.16 217.32 269.93 213.82 174.93 208.68 176.19 187.22 130.08 190.29 196.40 244.58 221.13 183.45
FY 16 203.83 219.42 329.25 224.18 183.95 217.38 182.69 174.26 130.56 194.20 213.02 256.79 228.22 191.10
FY 17 212.29 226.59 368.88 233.36 192.91 223.90 201.82 172.93 131.79 196.31 235.65 269.92 240.23 200.98

2016 Jul 210.08 228.36 364.79 229.72 188.88 221.70 187.84 169.78 130.89 195.67 224.09 264.37 235.82 196.27
Aug 209.46 225.91 365.41 230.14 188.91 222.31 189.42 170.10 130.90 195.77 225.17 265.77 237.38 196.67
Sep 209.88 226.30 364.13 230.47 188.90 222.27 192.00 170.31 130.88 196.15 230.54 266.11 236.99 197.21
Oct 211.57 228.30 364.39 231.18 191.56 222.66 193.78 170.40 131.26 196.21 232.15 266.35 237.26 199.03
Nov 212.01 228.74 365.33 232.18 191.64 223.21 195.28 170.65 131.52 196.40 233.40 267.68 238.33 199.50
Dec 210.57 223.58 373.34 233.48 191.70 223.65 195.93 172.01 131.53 196.50 233.40 268.22 237.77 199.75
2017 Jan 210.94 220.96 377.97 234.02 194.42 223.92 208.45 172.81 131.54 196.73 233.41 268.90 238.58 201.92
Feb 211.54 221.66 379.55 234.34 194.45 224.32 210.17 174.75 131.58 196.88 233.96 269.63 241.06 202.27
Mar 213.32 226.16 380.92 234.46 194.44 224.59 211.21 175.69 132.69 197.14 233.98 271.02 242.19 202.49
Apr 216.30 230.25 382.78 235.61 196.62 224.95 212.43 176.33 132.87 196.02 249.20 275.88 244.71 205.16
May 216.33 229.65 383.32 236.71 196.70 226.42 212.65 176.43 132.87 196.12 249.23 277.29 245.99 205.59
Jun 215.45 229.18 324.60 237.99 196.71 226.80 212.66 175.87 132.91 196.15 249.26 277.76 246.71 205.86
Inflation
Period Average1
FY 16 2.86 0.97 21.98 4.84 5.13 4.17 3.69 (6.93) 0.36 2.05 8.46 4.99 3.21 4.17
FY 17 4.15 3.27 12.04 4.09 4.90 3.00 10.47 (0.76) 0.94 1.09 10.62 5.11 5.26 5.17
Year on Year2
FY 16 3.19 1.24 18.37 4.93 5.29 4.67 5.11 (5.18) 0.42 1.41 7.38 5.69 4.50 4.56
FY 17 3.93 3.05 (10.02) 3.77 5.10 2.40 13.31 3.86 1.57 0.23 10.98 5.45 5.69 5.51
YOY
2016 Jul 4.12 3.91 17.74 4.58 5.07 3.83 4.99 (4.95) 0.41 1.38 7.13 5.88 5.69 4.53
Aug 3.56 2.45 17.91 4.48 4.77 3.78 5.82 (4.45) 0.41 1.42 7.62 6.20 6.03 4.62
Sep 3.88 3.14 17.47 4.44 4.31 3.44 6.96 (3.01) 0.40 1.42 10.19 5.90 5.50 4.79
Oct 4.21 3.58 17.56 4.19 4.90 3.33 7.85 (3.07) 0.69 1.37 10.94 5.15 5.08 5.13
Nov 3.81 2.50 17.00 4.23 4.92 3.44 8.13 (3.64) 0.87 1.41 11.54 5.24 5.92 5.27
Dec 3.70 2.43 11.56 4.40 4.93 3.17 8.35 (3.20) 0.74 1.47 11.51 4.87 5.08 5.20
2017 Jan 3.66 1.96 12.11 4.31 4.89 3.08 14.88 (2.89) 0.71 1.51 11.49 4.59 4.95 5.38
Feb 4.22 3.10 12.44 4.16 4.83 2.51 14.11 0.40 0.77 1.29 11.33 3.95 4.74 5.31
Mar 4.94 4.64 12.44 3.56 4.83 2.32 13.75 4.42 1.49 1.25 10.90 3.52 4.15 5.25
Apr 4.78 3.91 11.24 3.40 5.10 2.21 13.42 4.13 1.61 0.17 12.52 5.34 5.04 5.49
May 5.02 4.55 10.76 3.68 5.12 2.59 13.46 4.21 1.61 0.17 11.17 5.37 5.34 5.51
Jun 3.93 3.05 (10.02) 3.77 5.10 2.40 13.31 3.86 1.57 0.23 10.98 5.45 5.69 5.51

1: Average July to June basis Source: Pakistan Bureau of Statistics


2: June to June basis
3: Excluding Food, Electricity, Gas, Kerosene Oil, and Motor Fuel

20
Prices

3.2 Index Number of Wholesale Price by Commodity Groups


and Sensitive Price Indicator (SPI) by Income Groups
(200708=100)
Wholesale Price Index (WPI) Sensitive Price Indicator (SPI)

Other Transportable Goods


Food Products, Beverages
Income Groups

Metal Product Machinery


Electricity Gas & Water
Agriculture Forestry &

except Metal Products,


and Tobacco, Textiles,
Apparel and Leather
Ores & Minerals,
Fishery Products
I II III IV V

Machinery and

& Equipment
Equipments
Period

Products
General

Rs. 8001 Rs. 12,001 Rs. 18,001 Combined


Up to Rs. above Rs
to to to
8000 35,000
Rs. 12,000 Rs. 18,000 Rs. 35,000

Weights 100.00 25.77 12.04 31.11 22.37 8.71


Index
Years
FY 14 210.48 219.00 240.37 200.70 214.59 168.31 201.15 206.95 208.94 210.70 209.74 208.66
FY 15 209.85 220.56 245.47 206.76 197.12 172.72 204.66 210.75 213.79 215.40 212.95 212.61
FY 16 207.64 226.43 245.95 213.58 171.21 171.45 207.35 214.44 215.96 219.96 216.93 216.23
FY 17 216.02 248.00 242.08 225.59 168.07 174.40 210.59 218.47 219.31 224.08 221.11 220.10

2016 Jul. 215.81 253.54 241.43 223.61 164.40 172.94 209.59 216.91 218.20 222.74 219.55 218.81
Aug. 215.75 251.53 241.26 225.84 163.50 172.82 210.07 219.49 218.24 222.64 219.11 218.66
Sep. 214.61 246.87 241.64 225.26 164.47 172.51 210.31 219.35 218.33 222.70 219.03 218.67
Oct. 214.53 247.04 242.01 224.34 165.08 172.38 211.71 218.95 219.81 224.20 220.42 220.11
Nov. 214.07 242.47 242.44 225.93 165.19 174.10 212.40 219.58 220.41 224.77 220.95 220.68
Dec. 213.76 240.83 242.61 224.74 167.14 174.28 210.74 218.08 219.12 223.75 220.49 219.73
2017 Jan. 214.84 240.28 242.43 226.31 170.47 174.43 209.06 216.45 217.53 222.27 219.39 218.35
Feb. 215.86 243.57 242.78 226.40 170.89 174.49 209.50 217.04 218.21 223.13 220.57 219.25
Mar. 217.29 247.41 242.56 227.09 171.65 175.44 213.26 221.11 222.53 227.66 225.07 223.62
Apr. 219.22 254.52 242.28 227.31 171.61 176.25 211.31 219.28 220.76 226.03 223.82 222.07
May 218.78 252.57 241.85 227.51 171.76 176.43 209.42 217.49 219.03 224.41 222.49 220.51
Jun. 217.77 255.41 241.61 222.73 170.67 176.73 209.71 217.96 219.50 224.70 222.37 220.68
Inflation
Period Average1
FY 16 (1.06) 2.66 0.18 3.30 (13.14) (0.73) 1.31 1.75 1.01 2.12 1.87 1.71
FY 17 4.04 9.53 (1.56) 5.62 (1.84) 1.72 1.57 1.88 1.55 1.87 1.92 1.79
Year on Year2
FY 16 0.24 5.13 (0.42) 4.21 (12.16) (0.13) 0.74 1.22 0.15 1.42 1.31 1.07
FY 17 3.27 6.81 (1.09) 1.84 3.78 2.46 1.38 1.66 1.74 1.92 2.18 1.89
YOY
2016 Jul. 3.00 12.72 (1.43) 6.26 (11.55) 0.22 1.72 2.05 0.93 2.08 1.76 1.71
Aug. 3.52 11.35 (1.15) 7.28 (9.30) 0.31 2.15 3.58 1.27 2.42 2.04 2.03
Sep. 3.38 10.25 (3.00) 6.94 (6.75) 0.74 1.81 2.86 1.34 1.69 1.50 1.60
Oct. 2.80 8.18 (1.98) 6.30 (6.60) 0.62 1.29 1.36 1.43 1.48 1.43 1.42
Nov. 2.56 7.26 (1.84) 6.08 (6.60) 1.76 0.61 0.65 0.66 0.65 0.52 0.60
Dec. 3.08 8.64 (1.92) 5.17 (4.32) 1.85 0.53 0.56 0.58 0.57 0.45 0.52
2017 Jan. 4.15 8.28 (2.04) 5.49 1.21 2.19 0.41 0.43 0.46 0.47 0.39 0.40
Feb. 5.27 10.10 (1.26) 5.29 4.18 2.38 1.15 1.31 1.46 1.65 1.92 1.63
Mar. 6.40 11.94 (1.08) 5.79 6.34 2.93 3.12 3.34 3.62 3.94 4.46 3.95
Apr. 5.97 10.77 (0.94) 5.77 5.34 2.94 2.30 2.41 2.59 2.84 3.29 2.87
May 5.18 8.28 (0.93) 5.43 5.70 2.24 2.37 2.44 2.62 2.86 3.24 2.87
Jun. 3.27 6.81 (1.09) 1.84 3.78 2.46 1.38 1.66 1.74 1.92 2.18 1.89

1: Average July to June basis Source: Pakistan Bureau of Statistics


2: June to June basis

21
SBP Annual Report-Statistical Supplement FY 17

3.3 Average Retail Prices of Essential Items


(Rupees)
Prices % Changes
Item Unit
FY14 FY15 FY16 FY 17 FY15 FY16 FY 17

Wheat 10 Kg 370.33 345.65 339.25 337.74 (6.67) (1.85) (0.43)


Wheat Flour Bag 10 Kg 409.99 392.73 385.81 379.91 (4.21) (1.76) (1.51)
Rice Basmati Broken (Average Quality) Kg 74.08 72.41 63.00 63.90 (2.26) (12.99) 1.42
Rice Irri-6/9 (Sindh/Punjab) Kg 54.05 52.01 47.16 48.71 (3.77) (9.32) 3.29
Bread Plain Medium Size Each 39.15 40.78 40.82 41.11 4.16 0.09 0.70
Beef With Bone (Average Qlty.) Kg 283.91 301.43 316.35 327.52 6.17 4.95 3.52
Mutton (Average Qlty.) Kg 559.31 592.37 627.80 662.65 5.91 5.98 5.53
Chicken Farm Broiler (Live) Kg 161.73 153.58 152.19 145.88 (5.04) (0.90) (4.00)
Milk Fresh (Un-Boiled) Ltr. 69.83 76.19 78.24 80.59 9.11 2.69 3.00
Curd Kg 81.84 89.46 92.10 94.66 9.32 2.95 2.78
Powder Milk NIDO Pouch 400 Grams 310.19 351.63 372.72 378.43 13.36 6.00 1.54
Egg Hen (Farm) Dozen 97.36 98.69 89.68 101.86 1.37 (9.13) 13.37
Mustard Oil (Average Quality) Kg 184.45 183.11 179.68 181.15 (0.73) (1.87) 0.82
Cooking Oil Tin (Specy Name) 2.5 Ltr. 538.70 513.84 457.63 460.79 (4.61) (10.94) 0.69
Vegetable Ghee Tin (Specy Name) 2.5Kg 511.77 495.20 448.94 452.68 (3.24) (9.34) 0.84
Vegetable Ghee (Loose) Kg 160.55 151.99 138.36 143.34 (5.33) (8.96) 3.61
Bananas Dozen 70.29 76.94 76.17 78.87 9.46 (1.00) 4.16
Pulse Masoor (Washed) Kg 120.32 135.20 146.35 140.36 12.36 8.25 (4.10)
Pulse Moong (Washed) Kg 137.36 161.88 160.34 139.93 17.85 (0.95) (12.71)
Pulse Mash (Washed) Kg 134.03 163.53 238.50 223.70 22.01 45.84 (6.24)
Pulse Gram Kg 74.72 79.11 123.45 149.85 5.88 56.04 21.31
Potatoes Kg 42.61 42.76 25.92 34.09 0.36 (39.39) 32.39
Onions Kg 41.79 35.87 44.26 30.08 (14.18) 23.39 (32.08)
Tomatoes Kg 58.25 55.03 49.29 51.82 (5.53) (10.42) 5.38
Sugar Refined Kg 53.79 57.09 62.57 64.94 6.13 9.60 3.74
Gur (Average Quality) Kg 82.88 83.90 89.32 88.20 1.23 6.46 (1.21)
Salt-Powdered Kg 9.36 9.98 10.42 10.64 6.57 4.46 2.03
Chilies Powder Loose Kg 221.07 261.28 273.98 272.60 18.19 4.86 (0.52)
Garlic Kg 129.76 138.78 200.10 273.46 6.95 44.19 36.52
Tea Packet 200 Grams 154.88 133.65 172.43 177.24 (13.71) 29.02 2.61
Cooked Beef Plate (Average Hotel) Each 77.80 82.85 87.17 92.56 6.50 5.22 6.16
Cooked Dal Plate (Average Hotel) Each 45.44 48.40 52.61 56.70 6.51 8.69 7.75
Tea Prepared Ordinary Cup 16.96 18.69 19.36 20.28 10.21 3.58 4.73
Cigarettes K-2 20'S 38.41 45.80 57.77 64.85 19.23 26.13 12.29
Long Cloth (Gul / Alkaram) Mtr. 176.43 200.20 203.28 206.13 13.47 1.54 1.40
Shirting (Average Quality) Mtr. 144.83 157.69 162.31 164.85 8.88 2.93 1.56
Lawn Printed (Gul / Al-Karam) Mtr. 197.80 239.56 244.89 251.98 21.11 2.22 2.89
Georgette Mtr. 112.32 122.90 123.28 124.12 9.41 0.32 0.67
Gents Sandal Bata Pair 672.08 699.00 699.00 699.00 4.01 - -
Chappal Spoungh Bata (Gents) Pair 179.00 179.00 179.02 179.09 - 0.01 0.04
Ladies Sandal Bata Pair 499.00 499.00 500.59 502.39 - 0.32 0.35
Electric Charges (1-50) Unit 2.00 2.00 2.00 2.00 - - -
Gas Charges MMBTU 124.18 124.18 127.78 128.69 - 2.90 0.70
Kerosene Oil Ltr. 123.49 101.16 80.71 77.48 (18.08) (20.21) (3.90)
Firewood Whole 40Kg 537.86 566.74 593.31 604.81 5.37 4.69 1.92
Energy Saver 14 Watts Each 162.66 165.48 166.94 167.79 1.73 0.88 0.51
Washing Soap Nylon (200-250) Grams Cake 23.33 24.32 24.74 25.74 4.26 1.71 4.04
Match Box (Small) Each 1.41 1.74 1.99 2.14 22.87 14.67 7.57
Petrol Ltr. 111.01 88.85 72.25 69.09 (19.96) (18.68) (4.45)
Hi-speed Diesel Ltr. 115.02 95.56 80.03 77.87 (16.92) (16.25) (2.67)
L.P.G.( 11 Kg Cylinder) Each 1,456.56 1,343.23 1,034.96 1,062.60 (7.78) (22.95) 2.67
Telephone Charges Local Call Each 3.94 3.94 3.94 3.94 - - -
Toilet Soap Lifebuoy (Standard) Cake 35.86 36.06 36.17 38.06 0.55 0.32 5.26
Source: Pakistan Bureau of Statistics

22
Prices

3.4 GDP Deflator


(annual % change)
Description FY11 FY12 FY13 FY14 FY15 FY16 FY 17 P

A. Agriculture Sector 30.14 (0.13) 9.32 9.29 7.09 3.13 5.39


1- Crops (i+ii+iii) 42.50 (17.50) 9.81 16.11 2.79 2.86 5.92
i. Important Crops 42.69 (25.22) 13.95 16.33 0.24 5.15 2.86
ii. Other Crops 27.45 14.82 3.18 15.36 8.04 (4.25) 12.66
iii. Cotton Ginning 99.78 (43.76) 1.98 12.32 9.16 13.31 7.24
2- Livestock 20.04 17.77 8.63 4.11 10.99 3.03 4.57
3- Forestry 17.82 24.31 13.24 10.54 6.18 4.51 2.95
4- Fishing 10.21 (2.52) 14.48 9.05 7.57 19.61 22.14
B. Industrial Sector 22.30 11.12 5.21 6.54 (1.17) (4.18) 2.19
1- Mining & Quarrying 8.89 23.43 4.48 4.85 (9.08) (13.11) (1.81)
2- Manufacturing 26.86 8.89 3.11 6.22 (0.86) (3.50) 2.89
i. Large-Scale 28.33 8.91 2.07 6.32 (2.19) (4.66) 2.60
ii. Small-Scale 14.86 7.04 8.07 6.67 5.57 0.60 3.81
iii. Slaughtering 26.98 13.84 10.53 5.70 6.84 3.66 5.28
3. Electricity and Gas Distribution 18.07 6.74 13.71 11.19 4.24 3.03 0.91
4- Construction 15.10 15.20 10.77 7.98 4.09 (2.24) 3.34
Commodity Producing Sector (A+B) 26.40 4.95 7.43 7.95 3.14 (0.51) 3.86
C. Services Sector 14.00 6.40 7.11 6.99 5.41 1.66 3.37
1- Wholesale and Retail Trade 23.73 10.46 5.33 7.57 (0.14) (3.07) 2.54
2- Transport, Storage and Communication 2.38 (5.29) 16.61 3.03 19.52 8.76 3.12
3- Finance and Insurance 17.96 4.66 (15.48) 7.20 (4.05) (14.33) (2.54)
4- Housing Services (OD) 7.97 6.77 6.77 8.16 7.30 5.63 6.45
5- General Government Services 13.76 11.03 7.25 8.63 4.48 2.77 4.12
6- Other Private Services 12.38 10.47 8.63 8.28 4.68 3.25 4.53
By Expenditure 17.54 4.43 9.33 6.48 5.97 (0.82) 0.78
Household Final Consumption Expenditure 25.12 3.81 (0.55) 11.04 (0.72) (1.71) 1.17
General Government Final Consumption Expenditure 25.71 15.36 14.19 7.27 (3.99) 2.35 6.37
Gross Fixed Capital Formation 5.46 14.05 6.02 4.82 12.67 (0.54) 5.25
Changes in Inventories 20.08 29.04 (1.68) 14.12 16.42 7.78 9.73
Export of goods and non-factor services 27.18 0.47 17.47 3.41 (4.01) (18.20) (19.88)
Less Import of goods and non-factor services 17.30 13.99 5.12 (0.07) (4.86) (5.64) 15.18

Source: Pakistan Bureau of Statistics

GDP Deflator by Sector GDP Defltor by Expenditure


Consumption GFCF Export Import
Agriculture Industry Services 30
35
30 20
25 10
% Growth

20
% Growth

15 -
10
5 (10)
-
(20)
(5)
(10) (30)
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY11 FY12 FY13 FY14 FY15 FY16 FY17

23
SBP Annual Report-Statistical Supplement FY 17

4.1 Consolidated Fiscal Operations (Federal & Provincial)


(Billion Rupees)
1
Amount % GDP
FY13 FY14 FY15 FY16 FY17P FY13 FY14 FY15 FY16 FY17P
A. Total Revenue (1+2) 2,982.4 3,637.3 3,931.0 4,447.0 4,936.7 13.3 14.5 14.3 15.3 15.5

(1) Tax 2,199.2 2,564.5 3,017.6 3,660.4 3,969.2 9.8 10.2 11.0 12.6 12.5

(i) Federal 2,048.5 2,374.5 2,811.8 3,377.1 3,647.5 9.2 9.4 10.2 11.6 11.4

Of which: FBR Revenue 1,946.4 2,254.5 2,590.0 3,112.0 3,361.0 8.7 9.0 9.4 10.7 10.5

(ii) Provinces 150.7 190.0 205.8 283.3 321.8 0.7 0.8 0.7 1.0 1.0

(2) Non-tax 783.2 1,072.8 913.4 786.6 967.5 3.5 4.3 3.3 2.7 3.0

(i) Federal (exc. Interest from Provinces) 711.9 1,023.4 837.8 693.2 888.0 3.2 4.1 3.0 2.4 2.8

(ii) Provinces 71.3 49.4 75.6 93.3 79.5 0.3 0.2 0.3 0.3 0.2

B. Total Expenditure (1+2) 4,816.3 5,026.0 5,387.8 5,796.3 6,800.5 21.5 20.0 19.6 19.9 21.3

(1) Expenditure Booked (a+b) 4,800.3 5,241.1 5,565.4 6,008.4 6,878.5 21.4 20.8 20.2 20.6 21.6

a. Current (i+ii) 3,660.4 4,004.6 4,424.7 4,694.3 5,197.9 16.4 15.9 16.1 16.1 16.3

(i) Federal 2,565.2 2,831.2 3,037.6 3,144.3 3,472.2 11.5 11.2 11.0 10.8 10.9

Of which: Mark-up Payments 991.0 1,147.8 1,303.8 1,263.4 1,348.4 4.4 4.6 4.7 4.3 4.2

Defence 540.6 623.1 697.8 757.7 888.1 2.4 2.5 2.5 2.6 2.8

Subsidies 367.5 305.7 243.2 196.5 - 1.6 1.2 0.9 0.7 -

(ii) Provinces 1,095.2 1,173.3 1,387.2 1,550.0 1,725.7 4.9 4.7 5.0 5.3 5.4

b. Development & net Lending 1,139.9 1,236.5 1,140.6 1,314.1 1,680.7 5.1 4.9 4.1 4.5 5.3

(i) Federal 768.3 806.0 641.797 721.7 725.6 3.4 3.2 2.3 2.5 2.3

(ii) Provincial 371.5 430.5 498.8 592.4 852.2 1.7 1.7 1.8 2.0 2.7

(2) Statistical Discrepancy 16.0 (215.1) (177.6) (212.1) (78.0) 0.1 (0.9) (0.6) (0.7) (0.2)

Budget Deficit (A-B) (1,833.9) (1,388.7) (1,456.7) (1,349.3) (1,863.8) (8.2) (5.5) (5.3) (4.6) (5.8)

Financing 1,833.9 1,388.7 1,456.7 1,349.3 1,863.8 8.2 5.5 5.3 4.6 5.8

External (1.7) 511.7 181.0 370.5 541.4 (..) 2.0 0.7 1.3 1.7

Domestic 1,835.5 877.0 1,275.7 978.9 1,322.4 8.2 3.5 4.6 3.4 4.2

Bank 1,457.5 323.7 892.1 787.0 1,045.8 6.5 1.3 3.2 2.7 3.3

Non-Bank 378.0 553.3 366.1 191.8 276.6 1.7 2.2 1.3 0.7 0.9

Privatization Proceeds - - 17.5 - - - - 0.1 - -

1: GDP (MP), P: Provisional Source: MOF Govt. Pakistan (Fiscal Operation)


FBR: Federal Board of Revenue

26
Public Finance

4.2 Federal Government Revenue Receipts


(Billion Rupees)
Amount % GDP1
FY13 FY14 FY15 FY16 FY17P FY13 FY14 FY15 FY16 FY17P
1. Tax Revenue(a+b+c) 2,048.5 2,374.5 2,811.8 3,377.1 3,647.5 9.2 9.4 10.2 11.6 11.4

(a) Direct Taxes 735.8 884.1 1,029.2 1,217.5 1,343.2 3.3 3.5 3.7 4.2 4.2

(b) Indirect Taxes 1,200.4 1,382.2 1,558.9 1,895.0 2,017.8 5.9 5.9 6.5 6.5 6.3

Custom Duty 239.6 241.0 306.1 404.6 496.0 1.1 1.0 1.1 1.4 1.6

Sales Tax 841.3 1,002.1 1,088.8 1,302.4 1,323.3 3.8 4.0 4.0 4.5 4.2

Federal Excise Duty 119.5 139.1 164.0 188.1 198.6 0.5 0.6 0.6 0.6 0.6

(b) Other Taxes 112.4 108.2 223.6 265.1 286.4 0.5 0.6 0.6 0.9 0.9

Other Taxes(including ICT) 2.7 4.6 92.2 115.8 119.7 .. .. 0.3 0.4 0.4

Airport Tax .. 0.1 .. 0.0 .. .. .. .. .. ..

Petroleum (PDL) 109.7 103.5 131.4 149.3 166.7 0.5 0.4 0.5 0.5 0.5

2. Non-Tax Revenue 726.8 1,037.5 850.8 703.0 901.6 3.2 4.1 3.1 2.4 2.8

Post office Dept/PTA - 94.8 3.7 34.3 33.6 - 0.4 .. 0.1 0.1

Mark-up (Provinces) 14.8 14.1 12.9 9.8 13.6 0.1 0.1 .. .. 0.0

Mark-up (Other) 11.6 65.8 14.2 57.7 99.7 0.1 0.3 0.1 0.2 0.3

Dividend 63.5 65.9 74.1 88.5 69.7 0.3 0.3 0.3 0.3 0.2

SBP Profit 220.0 326.2 399.0 227.9 227.8 1.0 1.3 1.5 0.8 0.7

Defence 180.4 117.2 157.1 107.0 67.8 0.8 0.5 0.6 0.4 0.2
Citizenship, Naturalization & Passport
16.2 19.0 18.7 20.8 20.1 0.1 0.1 0.1 0.1 0.1
Fee
Development Surcharge on Gas 32.2 38.5 - - - 0.1 0.2 - - -

Discount Retained on Crude Price 15.5 40.7 9.7 9.1 9.1 0.1 0.2 .. .. ..

Royalties on Oil & Gas 65.2 76.4 74.1 57.7 53.0 0.3 0.3 0.3 0.2 0.2

Windfall levy against Crude Oil 23.8 14.6 12.2 1.6 1.6 0.1 0.1 .. .. ..

Gas Infrastructure Development Cess 33.6 31.8 - - - 0.2 0.1 - - -

Receipt from UNO 21.9 - - - - 0.1 - -

Petroleum Levy on LPG .. - - - - .. - - - -

Others 50.1 52.4 53.2 88.4 305.7 0.2 0.2 0.2 0.3 1.0

Others (Profit) 67.7 - - - 0.3 - - -

Foreign Grants 12.3 - - - - .. - - -

3. Gross Federal Receipts (1+2) 2,775.3 3,412.0 3,662.5 4,080.1 4,549.0 12.4 13.6 13.3 14.0 14.3

4. Transfer to Provinces 1,215.0 1,406.3 1,538.7 1,862.2 1,965.8 5.4 5.6 5.6 6.4 6.2

5. Net Federal Revenue Receipts (3-4) 1,560.3 2,005.8 2,123.9 2,218.0 2,583.2 7.0 8.0 7.7 7.6 8.1

1: GDP (MP), P: Provisional Source: MOF Govt. Pakistan (Fiscal Operation)

27
SBP Annual Report-Statistical Supplement FY 17

4.3 Federal Government Expenditure and Lending


(Billion Rupees)
Amount % GDP1
FY13 FY14 FY15 FY16 FY17P FY13 FY14 FY15 FY16 FY17P
Total Expenditure and net Lending (a+b) 3,441.0 3,759.1 3,761.7 3,921.1 4,361.8 15.4 14.9 13.7 13.5 13.7
(a)Current Expenditures 2,625.0 2,884.7 3,070.3 3,178.4 3,494.3 11.7 11.5 11.2 10.9 11.0
General Public Service 1,883.7 2,044.8 2,138.2 2,137.2 2,284.1 8.4 8.1 7.8 7.3 7.2
Interest payments ( Debt Servicing) 991.0 1,147.8 1,303.8 1,263.4 1,348.4 4.4 4.6 4.7 4.3 4.2
Domestic 920.4 1,072.8 1,208.1 1,150.8 1,220.3 4.1 4.3 4.4 4.0 3.8
Foreign 70.6 75.0 95.7 112.6 128.2 0.3 0.3 0.3 0.4 0.4
Superannuation Allowances & Pension 172.6 180.2 185.2 222.5 303.8 0.8 0.7 0.7 0.8 1.0
Grants 292.5 336.7 320.9 396.1 374.2 1.3 1.3 1.2 1.4 1.2
Provinces 59.8 53.5 32.7 34.2 22.2 0.3 0.2 0.1 0.1 0.1
Other 232.7 283.2 288.1 361.9 352.1 1.0 1.1 1.0 1.2 1.1
Other General Public Service 427.6 380.1 328.3 255.2 257.7 1.9 1.5 1.2 0.9 0.8
Defence Affairs and Service 540.6 623.1 697.8 757.7 888.1 2.4 2.5 2.5 2.6 2.8
Public Orders and Safety Affairs 80.4 86.2 83.3 96.3 127.8 0.4 0.3 0.3 0.3 0.4
Economic Affairs 41.1 43.4 53.0 76.9 69.0 0.2 0.2 0.2 0.3 0.2
Environmental Protection 0.8 0.9 1.0 1.0 1.4 .. .. .. .. ..
Housing and Community Amenities 1.7 1.0 2.2 2.2 1.6 .. .. .. .. ..
Health 9.5 10.1 10.9 12.2 15.0 .. .. .. .. ..
Recreation Culture and Religion 6.8 7.8 7.7 9.5 12.1 .. .. .. .. ..
Education Affairs and Services 56.9 65.4 73.2 82.6 90.7 0.3 0.3 0.3 0.3 0.3
Social Protection 3.6 2.0 3.1 2.9 4.4 .. .. .. .. ..
General Administration - - - - - - - - - -
Subsides - - - - - - - - - -
Other - - - - - - - - - -
(b)Development Expenditure and net Lending 816.0 874.3 691.3 742.6 867.5 3.6 3.5 2.5 2.6 2.7
Total Development Expenditure 430.3 711.5 627.7 717.7 849.1 1.9 2.8 2.3 2.5 2.7
Public Sector Development Program 348.3 441.0 502.2 602.1 733.3 1.6 1.8 1.8 2.1 2.3
Of which: Development Grant to
24.7 6.1 13.3 8.7 7.8 0.1 .. .. .. ..
Provinces
Others 82.0 270.5 125.5 115.7 115.7 0.4 1.1 0.5 0.4 0.4
Net lending 385.7 162.9 63.7 24.9 18.4 1.7 0.6 0.2 0.1 0.1
Provinces 22.9 62.3 36.3 12.3 31.2 0.1 0.2 0.1 .. 0.1
Other 362.8 100.6 27.4 12.6 (12.8) 1.6 0.4 0.1 .. (..)
Overall Balance (1,880.7) (1,753.3) (1,637.8) (1,703.1) (1,778.5) (8.4) (7.0) (6.0) (5.9) (5.6)
Financing 1,886.6 1,585.7 1,543.4 1,556.7 1,847.9 8.4 6.3 5.6 5.3 5.8
External (1.7) 511.7 181.0 370.5 541.4 (..) 2.0 0.7 1.3 1.7
Domestic. 1,888.3 1,073.9 1,362.4 1,186.3 1,306.5 8.4 4.3 5.0 4.1 4.1
Bank 1,508.5 518.1 974.1 992.3 1,030.2 6.7 2.1 3.5 3.4 3.2
Non-Bank 379.8 555.7 370.8 193.9 276.3 1.7 2.2 1.3 0.7 0.9
Privatization Proceeds - - 17.5 - - - - 0.1 - -
FBR Taxes 1946.4 2254.5 2,590.0 3,112.0 3,361.0 8.7 9.0 9.4 10.7 10.5

1: GDP (MP) P: Provisional Source: MOF Govt. Pakistan (Fiscal Operation)

28
Public Finance

4.4 Consolidated Provincial Governments Fiscal Operation

(Billion Rupees)
Amount % GDP1

FY13 FY14 FY15 FY16 FY17P FY13 FY14 FY15 FY16 FY17P

Total Revenue 1,544.5 1,767.6 1,902.4 2,293.9 2,428.2 6.9 7.0 6.9 7.8 7.6

Provincial share in Federal Revenue 1,214.9 1,406.3 1,538.7 1,862.2 1,965.8 5.4 5.6 5.6 6.3 6.2

Provincial Taxes 150.7 190.1 205.8 283.3 321.8 0.7 0.8 0.7 1.0 1.0

Property Taxes 6.8 9.3 10.8 3.9 7.0 .. .. .. .. ..

Sales Tax on Services GST - - - 129.8 170.8 - - - 0.4 0.5

Excise Duties 4.9 5.4 6.0 6.9 6.6 .. .. .. .. ..

Stamp Duties 18.3 21.7 29.5 35.5 38.2 0.1 0.1 0.1 0.1 0.1

Motor Vehicles Tax 13.9 15.5 15.9 19.1 21.3 0.1 0.1 0.1 0.1 0.1

Other 106.9 137.9 143.6 88.2 77.9 0.5 0.5 0.5 0.3 0.2

Provincial nontax 71.3 49.4 75.6 93.3 79.5 0.3 0.2 0.3 0.3 0.2

Interest 0.7 1.2 1.6 0.3 0.3 .. .. .. .. ..

Profits from Hydro Electricity - - - 36.4 23.5 - - - 0.1 0.1

Irrigation (Irrigation receipts only) 2.5 2.7 2.1 2.2 2.1 .. .. .. .. ..

Others 68.2 45.5 71.9 54.3 53.6 0.3 0.2 0.3 0.2 0.2

Federal Loans and transfers/Grants 107.5 121.7 82.3 55.1 61.2 0.5 0.5 0.3 0.2 0.2

Loans(net) 22.9 62.3 36.3 12.3 31.2 0.1 0.2 0.1 .. 0.1

Grants 59.8 53.8 32.7 34.2 22.2 0.3 0.2 0.1 0.1 0.1

Federal Grants for Development Expenditure 24.6 5.6 13.3 8.7 7.8 0.1 .. .. .. ..

Total Expenditure 1,481.7 1,617.9 1,898.9 2,152.2 2,591.5 6.6 6.4 6.9 7.3 8.1

Current Expenditure 1,110.0 1,187.4 1,400.1 1,559.8 1,739.3 5.0 4.7 5.1 5.3 5.5

of which: interest to Fed. Govt. 14.7 14.0 12.9 9.8 13.6 0.1 0.1 .. .. ..

other (including Irrigation Exp.) 1,095.2 1,173.4 1,387.2 1,550.0 1,725.7 4.9 4.7 5.0 5.2 5.4

Development Expenditure 371.5 430.5 498.8 592.4 852.2 1.7 1.7 1.8 2.0 2.7

Overall Balance 62.9 149.5 3.5 141.7 (163.2) 0.3 0.6 .. 0.5 (0.5)

Financing (52.8) (197.0) (87.3) (207.4) 15.9 (0.2) (0.8) (0.3) (0.7) ..

External - - - - - - - - - -

Domestic (52.8) (197.0) (87.3) (207.4) 15.9 (0.2) (0.8) (0.3) (0.7) ..

Bank (50.9) (194.6) (82.6) (205.3) 15.6 (0.2) (0.8) (0.3) (0.7) ..

Non-Bank (1.7) (2.5) (4.7) (2.1) 0.3 .. .. .. .. ..

1: GDP (MP) P: Provisional Source: MOF Govt. Pakistan (Fiscal Operation)

29
SBP Annual Report-Statistical Supplement FY 17

4.5 Provincial Government Fiscal Operations


(Billion Rupees)
Punjab Sindh

FY13 FY14 FY15 FY16 FY17P FY13 FY14 FY15 FY16 FY17P

Total Revenue 701.8 803.6 892.1 1,091.5 1,149.5 445.7 490.6 533.7 641.2 692.6

Provincial Share in Federal Revenue 569.3 646.3 726.9 901.5 928.8 320.7 383.7 406.2 488.7 516.9

Provincial Taxes 77.4 96.5 98.1 142.9 155.4 68.1 79.1 93.8 123.0 144.5

Property Taxes 4.5 6.6 7.8 2.1 4.7 1.9 2.3 2.6 1.3 2.0

Sales Tax on Services GST - - - 58.7 77.7 - - - 61.5 78.6

Excise Duties 1.5 1.6 1.8 2.7 2.7 3.0 3.4 3.8 3.8 3.5

Stamp Duties 12.5 14.9 21.8 27.2 28.8 5.0 5.9 6.6 7.2 8.0

Motor Vehicles Tax 9.3 10.4 10.1 11.8 12.9 3.3 3.7 4.2 5.3 6.2

Other 49.6 63.0 56.5 40.5 28.6 54.9 63.7 76.6 43.9 46.1

Provincial Non-Tax 28.1 23.0 45.3 31.3 32.3 24.7 5.4 8.4 9.2 8.6

Interest 0.5 0.4 0.2 0.2 0.3 0.1 .. 0.7 0.0 1.0

Profits from Hydro Electricity - - - - - - - - - -

Irrigation (Irrigation Receipts only) 1.8 1.6 1.4 1.4 1.4 0.2 0.2 0.2 0.2 0.3

Others 25.9 21.0 43.8 29.7 30.6 24.3 5.2 7.4 9.0 8.3

Federal Loans and Transfers 27.0 37.8 21.9 15.8 33.0 32.1 22.4 25.3 20.4 22.7

Loans(net) 11.3 37.5 18.4 13.2 29.3 12.4 12.9 11.5 6.7 9.5

Grants 5.1 0.4 2.6 1.7 0.3 12.2 8.1 9.3 12.6 11.8

Federal Grants for Development Expenditure 10.5 - 0.8 1.0 3.4 7.5 1.3 4.5 1.1 1.5

Total expenditure 690.9 748.0 872.9 990.3 1,154.5 404.3 449.1 516.5 590.7 754.1

Current expenditure 536.3 551.7 662.9 705.5 716.1 301.9 328.2 383.4 456.3 550.9

of which: interest to federal govt. 8.6 7.8 7.4 4.1 8.6 3.4 3.7 3.4 4.3 4.8

other (incl. Irrigation Exp.) 527.6 543.9 655.5 701.4 707.5 298.5 324.5 380.0 452.0 546.1

Development Expenditure 154.6 196.3 210.0 284.8 438.4 102.3 120.9 133.0 134.4 203.2

Overall Balance 10.9 55.6 19.3 101.2 (5.0) 41.4 41.4 17.2 50.6 (61.5)

Financing (14.1) (98.5) (43.0) (76.1) (15.7) (5.0) (37.7) (27.5) (84.0) 39.0

External - - - - - - - - - -

Domestic (14.1) (98.5) (43.0) (76.1) (15.7) (5.0) (37.7) (27.5) (84.0) 39.0

Bank (20.3) (98.2) (39.9) (71.3) (13.2) (4.4) (38.0) (27.3) (84.3) 39.8

Non-Bank 6.2 (0.4) (3.1) (4.9) (2.5) (0.5) 0.3 (0.2) 0.3 (0.8)

Budget Deficit as % of GDP1 0.05 0.22 0.07 0.34 (0.02) (0.14) 0.18 0.17 0.17 (0.19)
1: GDP (MP) P: Provisional
Source: MOF Govt. Pakistan (Fiscal Operation)

30
Public Finance

4.5 Provincial Government Fiscal Operations


(Billion Rupees)
Khyber Pakhtunkhwa Balochistan

FY13 FY14 FY15 FY16 FY17P FY13 FY14 FY15 FY16 FY17P

Total Revenue 243.9 302.8 288.7 364.3 361.8 153.1 170.6 187.9 196.8 224.3

Provincial Share in Federal Revenue 199.6 234.4 250.7 302.1 315.2 125.3 141.9 154.9 170.0 204.9

Provincial Taxes 4.1 11.7 11.4 13.1 15.7 1.1 2.8 2.6 4.3 6.3

Property Taxes 0.3 0.3 0.3 0.4 0.3 0.1 0.1 0.1 0.1 0.1

Sales Tax on Services GST - - - 7.3 10.3 - - - 2.4 4.1

Excise Duties .. .. .. 0.0 .. 0.4 0.4 0.4 0.4 0.4

Stamp Duties 0.6 0.7 0.8 0.8 1.0 0.2 0.2 0.3 0.3 0.4

Motor Vehicles Tax 0.9 1.0 1.0 1.3 1.5 0.4 0.4 0.5 0.6 0.7

Other 2.3 9.6 9.2 3.3 2.6 0.1 1.6 1.4 0.5 0.5

Provincial Non-Tax 10.1 16.8 18.4 45.8 34.0 8.4 4.2 3.5 7.0 4.6

Interest 0.1 0.3 0.3 0.1 .. - 0.5 0.4 .. -

Profits from Hydro Electricity - - - 36.4 23.5 - - - - -

Irrigation (Irrigation Receipts only) 0.4 0.8 0.5 0.5 0.3 0.1 0.1 0.1 0.1 0.1

Others 9.7 15.7 17.6 8.8 10.2 8.3 3.6 3.0 6.9 4.5

Federal Loans and Transfers 30.1 39.8 8.2 3.4 (3.1) 18.3 21.7 26.9 15.6 8.6

Loans(net) 2.2 13.2 3.3 (4.7) (3.8) (3.0) (1.3) 3.0 (2.8) (3.7)

Grants 25.0 26.5 4.4 7.8 0.1 17.5 18.8 16.4 12.0 10.0

Federal Grants for Development Expenditure 2.8 0.1 0.4 0.3 0.7 3.8 4.2 7.5 6.4 2.3

Total expenditure 248.1 259.7 326.9 359.8 436.7 138.4 161.1 182.7 211.5 246.2

Current expenditure 173.8 187.1 221.8 246.9 299.0 98.0 120.4 131.9 151.0 173.3

of which: interest to federal govt. 2.2 2.1 1.6 0.8 (0.3) 0.5 0.4 0.5 0.5 0.5

other (incl. Irrigation Exp.) 171.6 185.0 220.2 246.1 299.3 97.5 120.0 131.5 150.5 172.8

Development Expenditure 74.3 72.6 105.1 112.8 137.7 40.3 40.7 50.7 60.4 73.0

Overall Balance (4.2) 43.0 (38.2) 4.6 (74.9) 14.8 9.5 5.3 (14.7) (21.9)

Financing (14.4) (40.4) 7.9 (74.1) (13.5) (19.3) (20.4) (24.7) 26.9 6.0

External - - - - - - - - - -

Domestic (14.4) (40.4) 7.9 (74.1) (13.5) (19.3) (20.4) (24.7) 26.9 6.0

Bank (9.9) (41.3) 9.4 (74.8) (14.8) (16.3) (17.1) (24.8) 25.0 3.7

Non-Bank (4.5) 0.9 (1.6) 0.6 1.3 (2.9) (3.3) 0.2 1.9 2.3

Budget Deficit as % of GDP1 (0.02) 0.17 (0.14) 0.02 (0.24) 0.07 0.04 0.02 (0.05) (0.07)
1: GDP (MP) P: Provisional Source: MOF Govt. Pakistan (Fiscal Operation)

31
SBP Annual Report-Statistical Supplement FY 17

4.6 Federal Board of Revenue Tax Collection

(Billion Rupees)
Direct Indirect Taxes Total Tax Growth %
Period Direct Indirect
Taxes Sales Excise Customs Total Collection Total
Taxes Taxes

FY 09 443.5 451.7 117.5 148.4 717.6 1,161.2 14.3 15.7 15.2


FY 10 526.0 516.3 124.8 160.3 801.4 1,327.4 18.6 11.7 14.3
FY 11 602.5 633.4 137.4 184.9 955.6 1,558.0 14.5 19.2 17.4
FY 12 738.4 804.9 122.5 216.9 1,144.3 1,882.7 22.6 19.8 20.8
FY 13 743.4 842.5 121.0 239.5 1,203.0 1,946.4 0.7 5.1 3.4
FY 14 877.3 996.4 138.1 242.8 1,377.3 2,254.5 18.0 14.5 15.8
FY 15 1,033.6 1,087.7 162.3 306.3 1,556.3 2,589.9 17.8 13.0 14.9
FY 16 1,217.5 1,302.4 188.1 404.6 1,895.0 3,112.5 17.8 21.8 20.2
FY 17 1,343.2 1,324.2 198.6 496.0 2,018.8 3,362.0 12.7 5.1 8.0

2016 Jul 50.7 73.1 6.1 28.6 107.7 158.4 (77.2) (57.5) (66.7)
Aug 69.1 90.7 9.5 37.8 137.9 207.0 36.3 28.0 30.7
Sep 113.9 97.7 15.5 34.6 147.8 261.7 64.9 7.1 26.4
Oct 88.6 103.0 15.4 34.2 152.6 241.2 (22.2) 3.3 (7.8)
Nov 81.1 81.0 16.7 37.4 135.2 216.3 (8.5) (11.4) (10.3)
Dec 188.0 131.9 22.3 45.5 199.7 387.7 131.8 47.7 79.3
2017 Jan 81.7 92.6 10.4 39.1 142.1 223.8 (56.5) (28.8) (42.3)
Feb 80.0 95.5 12.5 37.5 145.5 225.5 (2.1) 2.4 0.7
Mar 147.2 132.1 18.8 48.8 199.8 347.0 84.0 37.3 53.9
Apr 78.4 112.5 16.9 43.2 172.6 251.0 (46.7) (13.6) (27.7)
May 117.1 141.3 25.0 47.6 213.9 331.0 49.3 23.9 31.9
Jun 247.2 172.8 29.5 61.9 264.2 511.4 111.1 23.5 54.5
Source : Federal Board of Revenue

FBR Tax Collection Growth Rate Tax Collection


Direct Taxes Indirect Taxes Total Taxes
Direct Taxes Indirect Taxes Total Taxes
4,000
25
3,500

3,000 20
Billion Rupees

2,500
% Growth

15
2,000

1,500
10

1,000
5
500
0
0
FY12 FY13 FY14 FY15 FY16 FY17
FY12 FY13 FY14 FY15 FY16 FY17

32
Public Finance

4.7 Zakat Receipts

(Millions Rupees)
Receipts From FY11 FY12 FY13 FY14 FY15 FY16 FY17

1. Saving Bank Accounts &


Similar Accounts 2,290 2,087 2,542 3,076 3,542 5,600 5,856

2. Notice Deposit Receipts and


Accounts 16 24 31 42 29 28 37

3. Fixed Deposit Receipts and


Accounts Periodically 238 413 384 279 388 473 372

4. Fixed Deposit Receipts & Accounts


on maturity or encashment 431 450 359 250 234 264 334

5. NIT Units 69 418 30 31 31 33 36

6. ICP Mutual Funds Certificate - - 1 .. 1 - -

7. Government Securities 1 1 .. 3 3 4 -

8. Shares and Debentures of Companies 134 166 146 186 205 194 170

9. Annuities - - .. - - - -

10. Life Insurance Policies 97 98 121 131 200 269 310

11. Provident Fund Credit Balances 300 253 369 721 703 592 1,006

Total Deduction of Zakat at Source 3,576 3,911 3,983 4,720 5,336 7,457 8,121

Zakat Voluntarily Receipts 25 12 16 17 15 13 9

Other Receipts/Un-spent 314 15 54 89 398 6 12

Total Receipts 3,915 3,938 4,054 4,826 5,749 7,476 8,142


.. Negligible Source: Accounts Department SBP BSC (Bank)

33
SBP Annual Report-Statistical Supplement FY 17

5.1 Reserve Money


(Million Rupees)
As on 30th June 2016
Components
2015 2016 2017 P Jul Aug Sep Oct

A. Currency in Circulation 2,554,749 3,333,784 3,911,212 3,289,255 3,283,592 3,356,716 3,407,431

B. Cash in Tills 160,299 229,331 264,627 178,536 162,885 187,810 168,281

C. Other Deposits 13,747 18,756 22,692 19,181 18,979 18,844 18,812

D. Bank Deposits 413,234 391,760 669,339 640,208 617,948 647,773 606,536

Reserve Money (A+B+C+D) 3,142,030 3,973,631 4,867,869 4,127,180 4,083,403 4,211,143 4,201,060

Factor affecting Reserve Money (RM)

A. Net Foreign Assets 722,415 1,033,016 828,908 1,026,819 1,035,061 1,071,009 1,135,851

B. Net Domestic Assets (1+2+3) 2,419,615 2,940,615 4,038,961 3,100,361 3,048,343 3,140,134 3,065,208

1. Net Government Sector Borrowing (i+ii) 1,919,064 1,430,400 2,336,915 2,198,776 2,133,769 2,010,079 2,219,001

i. Borrowings for Budgetary Support 1 1,928,868 1,442,243 2,349,900 2,212,879 2,146,126 2,022,150 2,231,011

a) Federal Government 2,098,634 1,730,308 2,440,416 2,515,779 2,428,906 2,366,567 2,526,198

of which deposits with SBP (235,865) (329,211) (91,238) (326,042) (559,292) (617,030) (349,863)

b) Provincial Government (168,045) (278,291) (88,555) (293,233) (269,503) (333,004) (282,301)

Balochistan Government (42,170) (18,257) (1,460) (28,897) (29,819) (40,160) (35,602)

Khyber Pakhtunkhwa Government (27,663) (76,020) (30,245) (61,143) (59,956) (55,215) (51,797)

Punjab Government (74,384) (96,432) (38,146) (101,194) (83,017) (119,220) (80,377)

Sindh Government (23,829) (87,581) (18,704) (101,999) (96,711) (118,409) (114,524)

c) AJK Government 3,049 955 7,279 2,160 1,008 1,263 674

d) Gilgit-Baltistan (4,769) (10,730) (9,239) (11,827) (14,286) (12,675) (13,559)

ii. Others (9,803) (11,843) (12,985) (14,103) (12,357) (12,071) (12,010)

2. Credit to Non-Govt. Sector (i+ii+iii) 394,911 402,348 580,162 407,094 401,523 414,569 439,338

i. Claims on Scheduled Banks (a+b+c+d+e) 400,734 407,364 480,790 411,360 405,321 417,937 441,980

a. Agriculture Sector 52,026 51,758 51,384 51,646 51,605 51,564 51,526

b. Industrial Sector 39,405 42,321 80,279 44,685 47,995 49,056 50,615

c. Export Sector 193,124 204,617 238,383 206,361 197,052 184,011 206,532

d. Housing Sector - - - - - - -

e. Others 116,178 108,668 110,744 108,668 108,668 133,306 133,306

ii. Claims on NBFIs 18,252 19,228 23,467 19,978 20,446 20,877 21,602
iii) PSEs Special Account-Debt Repayment with
(24,075) (24,244) 75,905 (24,244) (24,244) (24,244) (24,244)
SBP/PSPC*
3. Other Items (Net) 105,639 1,107,867 1,121,883 494,491 513,051 715,485 406,869

Reserve Money(RM) (A+B) 3,142,030 3,973,631 4,867,869 4,127,180 4,083,403 4,211,143 4,201,060

36
Money and Credit

5.1 Reserve Money


(Million Rupees)
2016 2017

Components Nov Dec Jan Feb Mar Apr May Jun P

A. Currency in Circulation 3,468,910 3,402,279 3,474,997 3,501,067 3,484,918 3,507,568 3,683,822 3,911,212

B. Cash in Tills 172,037 183,844 171,887 177,172 196,256 232,619 202,584 264,627

C. Other Deposits 18,651 19,124 18,635 18,769 18,818 22,648 22,726 22,692

D. Bank Deposits 579,394 632,435 595,530 558,440 587,977 610,289 631,553 669,339

Reserve Money (A+B+C+D) 4,238,992 4,237,683 4,261,048 4,255,447 4,287,969 4,373,124 4,540,686 4,867,869

Factor affecting Reserve Money (RM)

A. Net Foreign Assets 1,090,422 1,067,573 997,537 918,173 877,860 833,071 924,383 828,908

B. Net Domestic Assets (1+2+3) 3,148,570 3,170,110 3,263,511 3,337,275 3,410,108 3,540,053 3,616,303 4,038,961

1. Net Government Sector Borrowing (i+ii) 2,448,727 2,345,875 2,336,743 2,383,846 2,234,585 2,297,402 2,355,781 2,336,915
1
i. Borrowings for Budgetary Support 2,460,813 2,357,448 2,346,456 2,393,528 2,243,832 2,306,762 2,364,991 2,349,900

a) Federal Government 2,765,228 2,662,882 2,654,158 2,711,773 2,644,550 2,718,381 2,734,608 2,440,416

of which deposits with SBP (340,691) (237,016) (271,718) (294,184) (159,460) (162,378) (201,560) (91,238)

b) Provincial Government (291,653) (288,831) (290,768) (303,108) (390,086) (399,121) (359,065) (88,555)

Balochistan Government (40,557) (44,108) (40,497) (40,429) (41,201) (47,598) (49,388) (1,460)

Khyber Pakhtunkhwa Government (55,656) (60,321) (54,674) (58,043) (71,242) (56,612) (58,834) (30,245)

Punjab Government (76,238) (73,012) (83,001) (99,471) (170,441) (187,323) (156,641) (38,146)

Sindh Government (119,203) (111,390) (112,595) (105,165) (107,201) (107,587) (94,202) (18,704)

c) AJK Government 1,551 (1,114) (781) 580 4,078 1,216 2,009 7,279

d) Gilgit-Baltistan (14,313) (15,489) (16,152) (15,717) (14,711) (13,714) (12,562) (9,239)

ii. Others (12,085) (11,572) (9,713) (9,682) (9,247) (9,360) (9,210) (12,985)

2. Credit to Non-Govt. Sector (i+ii+iii) 463,009 485,602 496,812 495,611 499,716 503,989 503,194 580,162

i. Claims on Scheduled Banks (a+b+c+d+e) 465,462 487,644 498,780 497,452 501,198 505,505 504,280 480,790

a. Agriculture Sector 51,577 51,560 51,470 51,484 51,463 51,429 51,458 51,384

b. Industrial Sector 53,608 57,640 62,228 66,472 70,950 73,600 76,953 80,279

c. Export Sector 226,970 242,342 248,981 243,396 242,984 244,675 240,068 238,383

d. Housing Sector - - - - - - - -

e. Others 133,306 136,101 136,101 136,101 135,801 135,801 135,801 110,744

ii. Claims on NBFIs 21,791 22,202 22,276 22,403 22,762 22,728 23,159 23,467

iii PSEs Special Account-Debt Repayment with


(24,244) (24,244) (24,244) (24,244) (24,244) (24,244) (24,244) 75,905
SBP/PSPC*

3. Other Items (Net) 236,834 338,632 429,956 457,817 675,808 738,662 757,328 1,121,883

Reserve Money(RM) (A+B) 4,238,992 4,237,683 4,261,048 4,255,447 4,287,969 4,373,124 4,540,686 4,867,869

1. Excluding IMF A/c Nos. 1 & 2, SAF loan account, counterpart funds, deposits of foreign central banks, foreign governments, international organizations and deposit money
banks.
Note:-
i - Data is based on weekly returns. The quarterly data covers the period up to the last working day of the month and others months data up to the last working day of last week.

ii- Data from 30-June 2013 onward is revised on account of reclassification of SBP accounts

*Includes investment of Rs. 100,149 million in Pakistan Security Printing Corporation (PSPC)

P: Provisional

37
SBP Annual Report-Statistical Supplement FY 17

5.2 Currency in Circulation

(Million Rupees)

Five Rupee One-Rupee Held by Banking Held by Issue Currency in tills Currency in
Subsidiary Total
Bills & Coins and Department of Department of of Scheduled Circulation
Year/ Month1 Coins ( 1+2+3 )
above above SBP SBP Banks (4-5-6-7)

1 2 3 4 5 6 7 8

Average 2013-17 2,955,961 8,606 333 2,964,833 131 612 180,923 2,783,168

2013 2,041,361 8,131 665 2,050,158 143 925 110,867 1,938,222

2014 2,309,127 8,099 666 2,317,891 111 418 139,490 2,177,873

2015 2,707,258 8,298 - 2,715,556 142 365 160,299 2,554,749

2016 3,554,922 8,827 - 3,563,749 146 488 229,331 3,333,784

2017 4,167,136 9,676 - 4,176,812 111 862 264,627 3,911,212

2016 Jul 3,459,545 8,850 - 3,468,395 170 435 178,536 3,289,255

Aug 3,438,168 8,865 - 3,447,033 184 373 162,885 3,283,592

Sep 3,536,230 8,815 - 3,545,045 134 385 187,810 3,356,716

Oct 3,567,357 8,829 - 3,576,187 149 327 168,281 3,407,431

Nov 3,632,523 8,794 - 3,641,317 113 257 172,037 3,468,910

Dec 3,577,617 8,876 - 3,586,493 196 174 183,844 3,402,279

2017 Jan 3,638,305 8,918 - 3,647,223 137 202 171,887 3,474,997

Feb 3,669,683 8,863 - 3,678,546 182 125 177,172 3,501,067

Mar 3,672,538 9,236 - 3,681,774 101 500 196,256 3,484,918

Apr 3,731,476 9,324 - 3,740,800 188 424 232,619 3,507,568

May 3,877,610 9,304 - 3,886,915 168 339 202,584 3,683,822

Jun 4,167,136 9,676 - 4,176,812 111 862 264,627 3,911,212

Source: Statistics & Data Warehouse Department, SBP


1: The quarterly data covers the period up to the last working day of the month and others months data up to the last working day of last week. Yearly
data relates to the 30th June.
Note: Totals may not tally due to separate rounding off

38
Money and Credit

5.3 Monetary Ratios


Ratio
RFCDs Money
Year/ Month1 Currency Currency to Multiplier NFA2 to M2 Private Sector
to to Total (Broad Money to Reserve to Credit as % of
Total Deposits M2 Deposits Reserve Money) Money GDP GDP

2013 0.28 0.22 0.07 3.50 0.05 0.40 15.05


2014 0.28 0.22 0.08 3.49 0.17 0.40 15.02
2015 0.29 0.23 0.07 3.59 0.23 0.41 14.59
2016 0.35 0.26 0.06 3.23 0.26 0.44 15.29
2017P 0.37 0.27 0.06 3.00 0.17 0.46 16.31

2016 Jul 0.35 0.26 0.06 3.06 0.25 0.40 13.45


Aug 0.36 0.26 0.06 3.07 0.25 0.39 13.27
Sep 0.35 0.26 0.06 3.05 0.25 0.40 13.58
Oct 0.36 0.26 0.06 3.06 0.27 0.40 13.82
Nov 0.37 0.27 0.06 3.06 0.26 0.41 14.05
Dec 0.34 0.25 0.06 3.18 0.25 0.42 15.10
2017 Jan 0.36 0.26 0.06 3.09 0.23 0.41 14.88
Feb 0.36 0.26 0.06 3.11 0.22 0.42 14.92
Mar 0.35 0.26 0.06 3.17 0.20 0.43 15.34
Apr 0.35 0.26 0.06 3.12 0.19 0.43 15.59
May 0.36 0.27 0.06 3.05 0.20 0.44 15.56
P
Jun 0.37 0.27 0.06 3.00 0.17 0.46 16.31

1: The quarterly data covers the period up to the last working day of the month and others months data up to the last working day of last
week. Yearly data relates to the 30th June.
2: NFA of SBP

Currency to Deposits Ratio NFA to RM Ratio


0.38 0.35

0.36 0.30

0.34 0.25

0.32 0.20

0.30 0.15

0.28 0.10

0.26 0.05

0.24 0.00
2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2017

39
SBP Annual Report-Statistical Supplement FY 17

5.4 Monetary Aggregates


(Million Rupees)
As on 30th June
Assets/Liabilities
2015 2016 2017 P Jul Aug Sep Oct
A. Components of M2
1 Currency in Circulation 2,554,749 3,333,784 3,911,212 3,289,255 3,283,592 3,356,716 3,407,431
2 Other Deposits with SBP1 13,747 18,756 22,692 19,181 18,979 18,844 18,812
3 Total Private & PSE Deposits 8,713,648 9,472,313 10,647,194 9,323,560 9,225,326 9,478,921 9,441,570
of which : RFCDs 597,760 587,258 650,233 597,015 594,624 609,473 604,496
Money Supply (1+2+3) 11,282,144 12,824,853 14,581,098 12,631,997 12,527,897 12,854,480 12,867,813
B. Factors Affecting Money Supply ( M2)
A. Net Foreign Assets of the Banking System 812,747 1,007,598 602,355 940,996 948,166 999,166 1,054,711
a. State Bank of Pakistan 722,415 1,033,016 828,908 1,026,819 1,035,061 1,071,009 1,135,851
b. Scheduled Banks 90,332 (25,418) (226,554) (85,823) (86,895) (71,843) (81,141)
B. Net Domestic Assets of Banking System (1+2+3) 10,469,398 11,817,255 13,978,744 11,691,000 11,579,731 11,855,314 11,813,102
a. State Bank of Pakistan 2,018,881 2,533,251 3,558,171 2,689,001 2,643,022 2,722,197 2,623,229
b. Scheduled Banks 8,450,516 9,284,004 10,420,573 9,001,999 8,936,709 9,133,117 9,189,874
1 Net Government Sector Borrowing(a+b+c) 6,958,215 7,819,545 8,955,388 8,001,596 7,987,699 8,108,304 8,053,879
a . Borrowings for Budgetary support1 6,403,559 7,194,814 8,281,865 7,380,092 7,388,398 7,514,508 7,482,134
(i) From SBP 1,928,868 1,442,243 2,349,900 2,212,879 2,146,126 2,022,150 2,231,011
a) Federal Government 2,098,634 1,730,308 2,440,416 2,515,779 2,428,906 2,366,567 2,526,198
of which deposits with SBP (235,865) (329,211) (91,238) (326,042) (559,292) (617,030) (349,863)
b) Provincial Government (168,045) (278,291) (88,555) (293,233) (269,503) (333,004) (282,301)
Balochistan Government (42,170) (18,257) (1,460) (28,897) (29,819) (40,160) (35,602)
Khyber Pakhtunkhwa Government (27,663) (76,020) (30,245) (61,143) (59,956) (55,215) (51,797)
Punjab Government (74,384) (96,432) (38,146) (101,194) (83,017) (119,220) (80,377)
Sindh Government (23,829) (87,581) (18,704) (101,999) (96,711) (118,409) (114,524)
c) AJK Government 3,049 955 7,279 2,160 1,008 1,263 674
d) Gilgit-Baltistan (4,769) (10,730) (9,239) (11,827) (14,286) (12,675) (13,559)
(ii) From Scheduled banks (a+b) 4,474,692 5,752,571 5,931,965 5,167,213 5,242,273 5,492,358 5,251,123
a) Federal Government 4,905,118 6,270,024 6,631,399 5,735,015 5,797,057 6,063,353 5,833,752
of which deposits with banks (553,989) (716,773) (883,796) (728,171) (727,487) (726,010) (757,133)
b) Provincial Government (430,426) (517,453) (699,434) (567,802) (554,785) (570,995) (582,629)
of which deposits with banks (431,450) (518,477) (700,458) (568,826) (555,809) (572,019) (583,653)
b. Commodity operations 564,459 636,574 686,508 635,607 611,658 605,867 583,755
c. Others (9,803) (11,843) (12,985) (14,103) (12,357) (12,071) (12,010)
2 Credit to Non-Government Sector (a+b+c+d)* 4,456,001 5,012,588 6,119,642 4,855,401 4,800,645 4,914,618 5,016,097
a. Credit to Private Sector 4,003,083 4,449,547 5,197,473 4,284,175 4,227,973 4,325,420 4,404,637
Conventional Banking Branches 3,437,763 3,729,733 4,241,174 3,586,674 3,527,976 3,611,078 3,654,997
Islamic Banks 372,041 488,967 628,335 471,234 470,463 476,947 496,733
Islamic Banking Branches of Conv. Banks 193,280 230,847 327,963 226,266 229,535 237,396 252,907
b. Credit to Public Sector Enterprises (PSEs) 458,740 568,057 822,797 575,492 576,469 592,565 614,103
c. PSEs Special Account-Debt Repayment with
(24,075) (24,244) 75,905 (24,244) (24,244) (24,244) (24,244)
SBP/PSPC**
d. Credit to NBFIs 18,252 19,228 23,467 19,978 20,446 20,877 21,602
3 Other Items (net)* (944,818) (1,014,878) (1,096,287) (1,165,997) (1,208,613) (1,167,608) (1,256,874)
Broad Money M2 (A+B) 11,282,144 12,824,853 14,581,098 12,631,997 12,527,897 12,854,480 12,867,813
C. Memorandum Items
Accrued Profit on SBP holdings of MRTBs/MTBs 42,192 30,482 50,463 33,984 47,260 42,659 46,223
Outstanding amount of MTBs (realized value in auction) 2,125,355 2,614,243 3,711,754 2,884,443 3,006,897 3,035,860 2,840,600
Net Govt. Budgetary Borrowing (Cash Basis) 6,329,926 7,117,041 8,162,820 7,297,288 7,297,464 7,416,659 7,381,781
From SBP 1,886,676 1,411,761 2,299,438 2,178,895 2,098,865 1,979,491 2,184,788
From Scheduled Banks 4,443,250 5,705,281 5,863,382 5,118,393 5,198,598 5,437,168 5,196,993

40
Money and Credit

5.4 Monetary Aggregates


(Million Rupees)
2016 2017
Assets/Liabilities
Nov Dec Jan Feb Mar Apr May Jun P
A. Components of M2
1 Currency in Circulation 3,468,910 3,402,279 3,474,997 3,501,067 3,484,918 3,507,568 3,683,822 3,911,212
2 Other Deposits with SBP1 18,651 19,124 18,635 18,769 18,818 22,648 22,726 22,692
3 Total Private & PSE Deposits 9,483,369 10,049,306 9,655,702 9,707,064 10,077,179 10,101,482 10,157,435 10,647,194
of which : RFCDs 600,350 599,358 592,884 597,567 602,089 604,272 600,676 650,233
Money Supply (1+2+3) 12,970,930 13,470,710 13,149,333 13,226,899 13,580,915 13,631,698 13,863,983 14,581,098
B. Factors Affecting Money Supply ( M2)
A. Net Foreign Assets of the Banking System 1,001,073 986,995 870,898 771,167 722,779 627,558 701,915 602,355
a. State Bank of Pakistan 1,090,422 1,067,573 997,537 918,173 877,860 833,071 924,383 828,908
b. Scheduled Banks (89,349) (80,579) (126,640) (147,006) (155,082) (205,513) (222,468) (226,554)
B. Net Domestic Assets of Banking System (1+2+3) 11,969,857 12,483,715 12,278,436 12,455,732 12,858,137 13,004,140 13,162,068 13,978,744
a. State Bank of Pakistan 2,683,109 2,682,466 2,764,731 2,839,823 2,908,910 3,034,548 3,112,023 3,558,171
b. Scheduled Banks 9,286,748 9,801,249 9,513,705 9,615,910 9,949,226 9,969,592 10,050,045 10,420,573
1 Net Government Sector Borrowing(a+b+c) 8,118,957 8,181,724 8,210,313 8,347,086 8,388,286 8,468,203 8,726,247 8,955,388
a . Borrowings for Budgetary support1 7,561,499 7,639,516 7,697,339 7,850,551 7,898,858 7,946,346 8,059,520 8,281,865
(i) From SBP 2,460,813 2,357,448 2,346,456 2,393,528 2,243,832 2,306,762 2,364,991 2,349,900
a) Federal Government 2,765,228 2,662,882 2,654,158 2,711,773 2,644,550 2,718,381 2,734,608 2,440,416
of which deposits with SBP (340,691) (237,016) (271,718) (294,184) (159,460) (162,378) (201,560) (91,238)
b) Provincial Government (291,653) (288,831) (290,768) (303,108) (390,086) (399,121) (359,065) (88,555)
Balochistan Government (40,557) (44,108) (40,497) (40,429) (41,201) (47,598) (49,388) (1,460)
Khyber Pakhtunkhwa Government (55,656) (60,321) (54,674) (58,043) (71,242) (56,612) (58,834) (30,245)
Punjab Government (76,238) (73,012) (83,001) (99,471) (170,441) (187,323) (156,641) (38,146)
Sindh Government (119,203) (111,390) (112,595) (105,165) (107,201) (107,587) (94,202) (18,704)
c) AJK Government 1,551 (1,114) (781) 580 4,078 1,216 2,009 7,279
d) Gilgit-Baltistan (14,313) (15,489) (16,152) (15,717) (14,711) (13,714) (12,562) (9,239)
(ii) From Scheduled banks (a+b) 5,100,686 5,282,068 5,350,883 5,457,022 5,655,026 5,639,584 5,694,530 5,931,965
a) Federal Government 5,686,320 5,873,189 5,971,397 6,065,942 6,286,432 6,284,872 6,349,761 6,631,399
of which deposits with banks (764,165) (751,967) (765,326) (774,355) (783,223) (865,866) (837,605) (883,796)
b) Provincial Government (585,634) (591,121) (620,514) (608,920) (631,406) (645,288) (655,231) (699,434)
of which deposits with banks (586,658) (592,145) (621,538) (609,944) (632,430) (646,313) (656,255) (700,458)
b. Commodity operations 569,544 553,781 522,687 506,217 498,674 531,217 675,937 686,508
c. Others (12,085) (11,572) (9,713) (9,682) (9,247) (9,360) (9,210) (12,985)
2 Credit to Non-Government Sector (a+b+c+d)* 5,101,729 5,459,237 5,387,679 5,415,898 5,651,659 5,742,002 5,783,037 6,119,642
a. Credit to Private Sector 4,476,469 4,810,247 4,741,751 4,753,682 4,888,102 4,966,764 4,957,081 5,197,473
Conventional Banking Branches 3,708,592 3,968,559 3,867,361 3,867,470 3,975,558 4,037,353 4,020,491 4,241,174
Islamic Banks 505,781 554,998 563,760 586,383 606,583 607,117 618,001 628,335
Islamic Banking Branches of Conv. Banks 262,096 286,691 310,630 299,829 305,962 322,295 318,589 327,963
b. Credit to Public Sector Enterprises (PSEs) 627,712 651,031 647,897 664,057 765,039 776,753 827,041 822,797
c. PSEs Special Account-Debt Repayment with
(24,244) (24,244) (24,244) (24,244) (24,244) (24,244) (24,244) 75,905
SBP/PSPC**
d. Credit to NBFIs 21,791 22,202 22,276 22,403 22,762 22,728 23,159 23,467
3 Other Items (net)* (1,250,829) (1,157,246) (1,319,557) (1,307,252) (1,181,808) (1,206,065) (1,347,216) (1,096,287)
Broad Money M2 (A+B) 12,970,930 13,470,710 13,149,333 13,226,899 13,580,915 13,631,698 13,863,983 14,581,098
C. Memorandum Items
Accrued Profit on SBP holdings of MRTBs/MTBs 42,089 53,041 35,218 43,999 39,898 46,747 38,776 50,463
Outstanding amount of MTBs (realized value in auction) 2,916,749 3,079,255 3,178,082 3,252,336 3,455,137 3,526,383 3,494,023 3,711,754
Net Govt. Budgetary Borrowing (Cash Basis) 7,465,562 7,524,138 7,602,970 7,759,430 7,811,714 7,842,862 7,961,049 8,162,820
From SBP 2,418,723 2,304,407 2,311,238 2,349,529 2,203,934 2,260,016 2,326,215 2,299,438
From Scheduled Banks 5,046,839 5,219,731 5,291,732 5,409,901 5,607,780 5,582,846 5,634,835 5,863,382
Source: Statistics & Data Warehouse Department S
1. Excluding IMF A/c Nos. 1 & 2, SAF loan account, counterpart funds, deposits of foreign central banks, foreign governments, international organizations and deposit money banks
Note:-i - Data is based on weekly returns. The quarterly data covers the period up to the last working day of the month and other months data up to the last working day of last week.
ii- Data from 30-June 2013 onward is revised on account of reclassification of SBP accounts
iii-Data for Credit to Private Sector & Credit to Public Sector Enterprises(PSEs) is revised from Jul-16 to Feb-17 .
**Includes investment of Rs. 100,149 million in Pakistan Security Printing Corporation (PSPC)
* Note: Islamic Financings, Advances (against Murabaha etc), Inventories and any other related item(s) pertaining to Islamic Financing previously reported under Other Assets has
been reclassified as credit to private sector. Details of reclassifications/revisions are available in revision study on SBP website at: http://www.sbp.org.pk/ecodata/RSMS.pdf
P: Provisional

41
SBP Annual Report-Statistical Supplement FY 17

5.5 State Bank of Pakistan - Issue Department


Liabilities and Assets

(Million Rupees)
As on 30th June 2016
Liabilities/Assets
2013 2014 2015 2016 2017 Jul Aug Sep

Liabilities

Notes held in the Banking


143.3 110.9 102.3 106.0 169.9 169.6 184.0 134.2
Department

Notes in Circulation 2,041,361.3 2,309,127.0 2,726,518.3 3,424,539.9 4,199,023.8 3,459,545.0 3,438,168.4 3,536,229.9

Total Liabilities / Assets 2,041,504.6 2,309,237.9 2,726,620.6 3,424,645.9 4,199,193.7 3,459,714.6 3,438,352.4 3,536,364.1

Assets

Gold and Foreign Assets 347,085.7 608,296.3 936,641.6 1,450,091.4 1,121,032.1 1,204,323.9 1,208,844.7 1,202,544.2

Gold Coins and Bullion 1 246,096.8 269,307.9 252,029.5 263,564.5 275,429.1 291,829.4 291,829.4 286,966.6

Approved Foreign Exchange 2 100,265.4 338,280.8 683,904.5 686.6 844,935.0 911,826.5 916,347.3 914,909.6

Indian Notes 3 723.4 707.6 707.6 686.6 668.0 668.0 668.0 668.0

Domestic Assets 1,689,905.7 1,695,782.3 1,785,101.5 1,969,524.3 3,073,008.6 2,249,971.1 2,224,088.2 2,328,479.0

Rupee Coins 925.0 417.9 285.4 410.7 254.4 435.1 373.0 384.6

Govt. of Pakistan Securities 1,688,902.2 1,695,364.5 1,784,816.1 1,969,113.6 3,072,754.3 2,249,536.0 2,223,715.2 2,328,094.4

Internal Bills of Exchange &


78.5 - - - - - - -
Other Commercial Papers

Held with Reserve Bank of


India pending transfer to 4,513.2 5,159.3 4,877.4 5,030.1 5,152.9 5,419.5 5,419.5 5,340.8
Pakistan

42
Money and Credit

5.5 State Bank of Pakistan - Issue Department


Liabilities and Assets

(Million Rupees)
2016 2017
Liabilities/Assets
Oct Nov Dec Jan Feb Mar Apr May Jun

Liabilities

Notes held in the Banking


148.5 112.9 149.5 136.8 182.2 100.9 188.0 168.4 169.9
Department

Notes in Circulation 3,567,357.5 3,632,523.4 3,598,564.3 3,638,305.0 3,669,682.6 3,672,538.2 3,731,475.8 3,877,610.4 4,199,023.8

Total Liabilities / Assets 3,567,506.0 3,632,636.4 3,598,713.8 3,638,441.8 3,669,864.8 3,672,639.1 3,731,663.8 3,877,778.8 4,199,193.7

Assets

Gold and Foreign Assets 1,203,526.4 1,189,836.4 1,098,931.9 1,156,102.1 1,313,810.2 1,189,460.6 1,096,230.0 1,126,368.9 1,121,032.1

Gold Coins and Bullion 1 286,966.6 276,600.7 251,514.1 251,514.1 263,785.6 270,759.7 275,354.5 275,354.5 275,429.1

Approved Foreign Exchange 2 915,891.8 912,567.7 846,749.8 903,920.0 1,049,356.5 918,032.9 820,207.5 850,346.4 844,935.0

Indian Notes 3 668.0 668.0 668.0 668.0 668.0 668.0 668.0 668.0 668.0

Domestic Assets 2,358,638.8 2,437,627.0 2,495,016.1 2,477,573.9 2,351,090.2 2,478,101.2 2,630,282.1 2,746,258.1 3,073,008.6

Rupee Coins 326.5 256.9 174.4 202.4 125.4 499.7 424.5 339.4 254.4

Govt. of Pakistan Securities 2,358,312.3 2,437,370.1 2,494,841.7 2,477,371.5 2,350,964.7 2,477,601.4 2,629,857.6 2,745,918.7 3,072,754.3

Internal Bills of Exchange & Other


- - - - - - - - -
Commercial Papers

Held with Reserve Bank of India


pending transfer to Pakistan 5,340.8 5,172.9 4,765.8 4,765.8 4,964.4 5,077.3 5,151.7 5,151.7 5,152.9

Source: Finance Department, SBP


1 Gold is valued at the end of financial year on the basis of closing London Bullion Market Rate.

2 Including SDR held with IMF.

3 Receivable from Reserve Bank of India.

Note: Monthly data relates to last Saturday of the month except quarter-end data that is of last working day of the month. Yearly data relates to the 30th June

43
SBP Annual Report-Statistical Supplement FY 17

5.6 State Bank of Pakistan - Banking Department


Liabilities

(Million Rupees)
As on 30th June 2016
Liabilities
2013 2014 2015 2016 2017 Jul Aug Sep Oct

Capital Paid-up 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Reserve Fund 164,644.2 164,644.2 164,644.2 164,644.2 166,735.7 164,644.2 164,644.2 164,644.2 164,644.2

Rural Credit Fund 2,600.0 2,600.0 2,600.0 2,600.0 2,600.0 2,600.0 2,600.0 2,600.0 2,600.0

Industrial Credit Fund 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0

Export Credit Fund 1,500.0 1,500.0 1,500.0 1,500.0 1,500.0 1,500.0 1,500.0 1,500.0 1,500.0

Loans Guarantee Fund 900.0 900.0 900.0 900.0 900.0 900.0 900.0 900.0 900.0

Housing Credit Fund 4,700.0 4,700.0 4,700.0 4,700.0 4,700.0 4,700.0 4,700.0 4,700.0 4,700.0

Deposits 1,172,940.2 1,582,024.4 1,683,910.8 2,139,515.0 2,167,894.6 2,332,202.0 2,519,699.8 2,668,858.2 2,321,635.4

Federal Govt. 75,614.6 364,978.1 281,387.4 216,499.2 393,368.3 305,698.1 539,108.7 596,922.5 329,708.9

Provincial Govts. 43,359.2 163,590.2 197,948.1 359,375.3 60,952.0 316,088.5 292,907.6 354,440.0 304,606.0

Banks 475,647.8 530,746.4 565,281.2 540,575.6 635,336.7 640,208.4 617,947.9 647,772.7 606,535.6

Other 578,318.6 522,709.7 639,294.1 1,023,064.9 1,078,237.6 1,070,207.0 1,069,735.5 1,069,723.0 1,080,784.9

Allocation of SDR 147,051.9 150,772.9 141,492.2 147,294.1 142,995.8 144,109.9 145,518.6 144,782.2 142,366.1

Bills Payable 603.9 642.1 628.3 536.3 1,524.2 514.5 1,385.6 589.5 631.2

Revaluation Account 390,197.7 469,605.0 310,862.6 320,064.4 392,821.2 382,308.0 382,308.0 402,082.8 402,082.8

Other Liabilities 254,812.8 303,949.6 981,564.4 656,529.6 794,451.2 416,001.1 435,234.0 494,026.5 484,921.0

Total Liabilities 2,120,251.9 2,141,650.8 2,683,038.1 3,439,983.6 3,677,822.8 3,451,179.7 3,660,190.2 3,886,383.4 3,527,680.7

44
Money and Credit

5.6 State Bank of Pakistan - Banking Department


Liabilities

(Million Rupees)
2016 2017
Liabilities
Nov Dec Jan Feb Mar Apr May Jun

Capital Paid-up 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Reserve Fund 166,735.7 166,735.7 166,735.7 166,735.7 166,735.7 166,735.7 166,735.7 166,735.7

Rural Credit Fund 2,600.0 2,600.0 2,600.0 2,600.0 2,600.0 2,600.0 2,600.0 2,600.0

Industrial Credit Fund 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0

Export Credit Fund 1,500.0 1,500.0 1,500.0 1,500.0 1,500.0 1,500.0 1,500.0 1,500.0

Loans Guarantee Fund 900.0 900.0 900.0 900.0 900.0 900.0 900.0 900.0

Housing Credit Fund 4,700.0 4,700.0 4,700.0 4,700.0 4,700.0 4,700.0 4,700.0 4,700.0

Deposits 2,281,908.4 2,379,098.1 2,208,488.6 2,214,968.3 2,193,945.6 2,239,622.8 2,258,983.7 2,167,894.6

Federal Govt. 320,597.8 291,709.1 251,916.0 274,629.4 139,944.4 143,089.6 182,399.2 393,368.3

Provincial Govts. 314,725.4 329,686.4 313,801.1 324,642.1 410,142.6 418,066.3 376,580.4 60,952.0

Banks 579,394.2 703,644.0 595,530.0 558,440.3 587,977.1 610,288.5 631,553.2 635,336.7

Other 1,067,191.0 1,054,058.5 1,047,241.6 1,057,256.5 1,055,881.6 1,068,178.5 1,068,450.9 1,078,237.6

Allocation of SDR 140,285.2 138,924.9 140,859.5 140,071.6 140,968.3 141,876.8 143,325.0 142,995.8

Bills Payable 458.7 870.7 1,243.4 519.2 641.9 542.7 866.8 1,524.2

Revaluation Account 391,716.9 366,570.4 369,258.2 381,529.7 388,182.1 392,746.6 392,746.6 392,821.2

Other Liabilities 508,338.1 549,394.3 567,321.9 569,420.6 602,271.7 616,005.2 778,583.3 794,451.2

Total Liabilities 3,500,843.0 3,612,994.1 3,465,307.3 3,484,645.2 3,504,145.2 3,568,929.8 3,752,641.1 3,677,822.8

Source: Finance Department, SBP

45
SBP Annual Report-Statistical Supplement FY 17

5.7 State Bank of Pakistan - Banking Department


Assets
(Million Rupees)
As on 30th June 2016
Assets
2013 2014 2015 2016 2017 Jul Aug Sep Oct

Notes and Coins 1 143.3 110.9 102.3 106.0 169.9 169.6 184.0 134.2 148.5
Bills Purchased and Discounted
(Internal) 37.0 37.0 37.0 37.0 37.0 37.0 37.0 37.0 37.0

Govt. Treasury Bills - - - - - - - - -

Balances held outside Pakistan 534,653.1 618,195.9 716,836.6 691,787.5 997,100.4 1,097,051.5 1,099,803.8 1,132,699.5 1,203,379.5

SDR held with IMF 77,808.8 74,431.2 65,369.8 16,953.8 12,501.3 16,426.1 14,780.3 19,945.1 19,612.3

Govt. Debtor Balance 10,049.4 802.1 3,779.1 994.3 8,581.1 2,159.8 1,008.4 1,263.1 674.4

Loans and Advances to Govts. - - - - - - - - -

Other Loans and Advances (a+b) 299,586.0 283,813.7 335,864.1 326,423.2 408,083.6 334,839.2 329,268.7 317,677.3 342,445.7

(a) Loans and Advances to


Scheduled Banks 285,023.3 269,191.2 321,428.4 311,341.2 388,617.9 318,835.6 312,796.6 300,774.9 324,818.0
Agricultural Sector 52,332.0 51,923.1 52,041.1 51,769.3 51,392.1 51,645.6 51,605.1 51,563.7 51,525.7
Industrial Sector 41,057.2 42,832.8 40,298.4 42,215.3 80,062.1 44,685.2 47,995.0 49,056.0 50,615.4
Export Sector 177,756.1 160,553.5 195,115.6 201,263.3 240,865.8 206,360.5 197,052.3 184,010.9 206,532.5
Housing Sector - - - - - - - - -
Others 13,878.0 13,881.8 33,973.4 16,093.3 16,297.8 16,144.2 16,144.3 16,144.3 16,144.4

(b) Loans and Advances to


Non- Bank Financial
14,562.6 14,622.5 14,435.7 15,082.0 19,465.7 16,003.5 16,472.1 16,902.4 17,627.7
Companies
Agricultural Sector 131.5 120.3 109.8 151.4 424.2 137.6 136.2 462.6 462.2
Industrial Sector 3,188.8 3,260.0 3,083.6 3,688.4 7,799.2 4,623.6 5,093.6 5,197.5 5,923.2
Housing Sector 11,242.3 11,242.3 11,242.3 11,242.3 11,242.3 11,242.3 11,242.3 11,242.3 11,242.3
Others - - - - - - - - -

Investments 801,771.3 1,476,812. 958,317.0 242,272.8 266,794.9 680,184.2 852,381.4 768,042.2 630,288.1
0
Scheduled Banks 163,192.5 230,812.5 80,920.2 82,648.0 119,460.5 92,487.1 92,487.1 117,124.7 117,124.7
Non Bank Financial
3,974.3 3,974.3 3,974.3 3,974.3 3,974.3 3,974.3 3,974.3 3,974.3 3,974.3
Companies
Govt. Securities 633,470.9 1,241,210. 872,722.3 155,007.0 42,554.0 583,076.3 755,278.4 646,295.5 508,539.0
4
Others 1,133.6 814.8 700.2 643.5 100,806.2 646.5 641.6 647.7 650.2

Other Assets 417,601.9 228,835.3 1,214,196.7 2,161,409.1 1,984,554.6 1,320,312.5 1,362,726.6 1,646,585.1 1,331,095.4

Total Assets 2,141,650.8 2,683,038.1 3,294,502.5 3,439,983.6 3,677,822.8 3,451,179.7 3,660,190.2 3,886,383.4 3,527,680.7

46
Money and Credit

5.7 State Bank of Pakistan - Banking Department


Assets
(Million Rupees)
2016 2017
Assets Nov Dec Jan Feb Mar Apr May Jun

Notes and Coins 1 112.9 149.5 136.8 182.2 100.9 188.0 168.4 169.9
Bills Purchased and Discounted
(Internal) 37.0 37.0 37.0 37.0 37.0 37.0 37.0 37.0

Govt. Treasury Bills - - - - - - -

Balances held outside Pakistan 1,152,678.8 1,180,208.1 1,055,218.3 835,201.5 926,507.4 981,661.9 1,045,845.0 997,100.4

SDR held with IMF 17,267.7 17,100.3 17,338.4 14,822.4 14,917.3 15,013.4 12,530.1 12,501.3

Govt. Debtor Balance 1,551.0 - - 580.0 4,078.1 1,215.5 2,008.7 8,581.1

Loans and Advances to Govts. - - - - - - -

Other Loans and Advances (a+b) 366,117.1 386,006.6 397,232.1 396,031.2 400,487.6 404,761.0 403,966.6 408,083.6

a) Loans and Advances to


Scheduled Banks 348,299.9 367,779.1 378,930.6 377,602.7 381,700.3 386,007.3 384,782.3 388,617.9
Agricultural Sector 51,577.5 51,563.0 51,470.0 51,484.0 51,463.5 51,429.3 51,458.0 51,392.1
Industrial Sector 53,608.5 57,635.4 62,228.3 66,471.5 70,949.7 73,600.0 76,952.6 80,062.1
Export Sector 226,969.5 242,331.0 248,980.6 243,395.5 242,984.0 244,674.7 240,068.3 240,865.8
Housing Sector - - - - - - - -
Others 16,144.4 16,249.7 16,251.6 16,251.7 16,303.2 16,303.3 16,303.3 16,297.8

(b) Loans and Advances to


Non-Bank Financial
17,817.2 18,227.5 18,301.5 18,428.5 18,787.3 18,753.8 19,184.3 19,465.7
Companies
Agricultural Sector 461.4 459.1 444.0 443.2 440.9 439.0 423.3 424.2
Industrial Sector 6,113.4 6,526.0 6,615.2 6,743.0 7,104.1 7,072.4 7,518.7 7,799.2
Housing Sector 11,242.3 11,242.3 11,242.3 11,242.3 11,242.3 11,242.3 11,242.3 11,242.3
Others - - - - - - - -

Investments 781,088.7 700,741.8 563,633.3 770,221.1 440,833.5 365,325.7 304,674.0 266,794.9


Scheduled Banks 117,124.7 117,124.7 119,812.4 119,812.4 119,460.5 119,460.5 119,460.5 119,460.5
Non Bank Financial
3,974.3 3,974.3 3,974.3 3,974.3 3,974.3 3,974.3 3,974.3 3,974.3
Companies
Govt. Securities 659,345.3 578,987.5 439,187.3 645,772.8 316,742.7 241,232.4 180,578.5 42,554.0
Others 644.4 655.3 659.2 661.6 656.1 658.6 660.7 100,806.2

Other Assets 1,181,989.8 1,328,750.9 1,431,711.5 1,467,569.8 1,717,183.4 1,800,727.1 1,983,411.4 1,984,554.6

Total Assets 3,500,843.0 3,612,994.1 3,465,307.3 3,484,645.2 3,504,145.2 3,568,929.8 3,752,641.1 3,677,822.8

1 Include one rupee and above coins, rupee notes and subsidiary coins.

47
SBP Annual Report-Statistical Supplement FY 17

5.8 Secondary Market Transactions in Government Securities


(Billion Rupees)
FY 17
Security/Transactions FY 16 FY 17
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

PIBs

Purchases 42,315.7 33,343.7 3,432.6 2,420.9 3,426.9 2,359.0 2,019.3 2,696.1 2,392.6 2,520.5 2,705.6 2,889.8 3,067.1 3,413.3

Repo 19.9 85.3 1.6 3.8 2.2 3.8 14.3 18.3 14.6 11.8 4.8 2.7 4.1 3.1
Non Banks
Outright 735.5 550.5 44.8 97.5 58.0 30.6 53.0 49.6 53.6 36.5 33.3 45.0 32.3 16.3

Repo 1,452.1 1,916.4 83.3 137.7 72.9 88.0 230.3 188.7 225.0 162.9 210.7 195.5 204.6 116.9
Banks/PDs
Outright 3,621.3 3,025.3 353.8 223.9 356.9 138.0 159.4 343.9 299.9 256.3 283.1 232.1 207.9 170.2

SBP Repo 36,487.7 27,766.2 2,949.1 1,958.0 2,936.9 2,098.7 1,562.3 2,095.6 1,799.5 2,053.1 2,173.7 2,414.5 2,618.2 3,106.7

Sales 42,315.7 33,343.7 3,432.6 2,420.9 3,426.9 2,359.0 2,019.3 2,696.1 2,392.6 2,520.5 2,705.6 2,889.8 3,067.1 3,413.3

Repo 1,069.1 889.9 60.3 110.8 35.7 55.3 100.2 72.0 78.0 59.3 92.3 90.4 101.9 33.8
Non Banks
Outright 597.3 499.2 25.4 25.2 67.5 25.1 45.2 52.9 22.7 28.5 88.7 21.9 60.5 35.6

Repo 36,890.4 28,878.0 2,973.7 1,988.7 2,976.3 2,135.1 1,706.7 2,230.7 1,961.1 2,168.5 2,297.0 2,522.4 2,725.0 3,192.9
Banks/PDs
Outright 3,759.0 3,076.7 373.2 296.2 347.4 143.5 167.2 340.5 330.8 264.2 227.7 255.1 179.7 150.9

SBP Repo - - - - - - - - - - - - - -

Net Position - - - - - - - - - - - - - -

Treasury Bills

Purchases 53,092.9 60,527.6 5,998.1 4,704.8 4,828.1 3,901.7 3,596.4 4,760.6 4,493.0 4,574.7 5,391.0 5,563.0 5,886.5 6,829.6

Repo 208.5 834.7 20.5 25.7 34.4 58.2 92.2 158.8 104.8 72.1 53.4 47.3 82.8 84.5
Non Banks
Outright 1,069.1 2,025.1 219.3 137.1 119.5 96.9 174.4 174.9 155.7 254.9 174.0 215.3 188.7 114.4

Repo 12,799.3 18,059.5 1,261.1 1,402.1 1,244.5 1,308.2 1,380.5 1,693.9 1,482.7 1,869.6 1,231.9 1,445.2 1,869.6 1,870.2
Banks/PDs
Outright 5,154.7 8,392.6 633.2 956.0 425.3 548.5 413.9 557.5 560.7 832.9 692.6 1,029.3 1,060.0 682.6

SBP Repo 33,861.4 31,215.7 3,863.9 2,183.9 3,004.4 1,889.9 1,535.4 2,175.6 2,189.1 1,545.2 3,239.2 2,825.9 2,685.5 4,077.9

Sales 53,092.9 60,527.6 5,998.1 4,704.8 4,828.1 3,901.7 3,596.4 4,760.6 4,493.0 4,574.7 5,391.0 5,563.0 5,886.5 6,829.6

Repo 958.3 1,436.2 94.3 124.0 146.3 155.7 91.2 93.7 88.1 103.1 130.6 188.1 153.0 68.0
Non Banks
Outright 591.6 1,072.2 32.5 50.3 75.4 46.4 60.5 189.8 45.9 79.9 145.3 74.7 118.6 153.0

Repo 44,821.6 45,648.3 5,044.5 3,373.4 4,137.0 1,137.4 2,891.2 3,772.9 3,688.5 2,946.1 4,371.0 4,068.5 4,311.8 5,906.0
Banks/PDs
Outright 5,632.2 11,207.2 820.1 1,042.9 469.4 2,460.8 527.8 542.6 670.5 1,008.0 721.3 1,169.9 1,130.1 644.0

SBP Repo 1,089.7 1,163.6 6.7 114.2 - 101.5 25.7 161.7 - 437.7 22.8 61.8 173.0 58.7

Net Position - - - - - - - - - - - - - -
Source: Domestic Markets & Monetary Management Department, SBP
PDs: Primary Dealers

48
Money and Credit

5.9 Sale / Purchase of Treasury Bills under Open


Market Operation by SBP with Banks
(Billion Rupees )
Sale (Absorption) Purchase (Injection)
Bid Amount Weighted Amount Weighted
Period Average Average
Percent Percent
Rate of Rate of
Offered Accepted Accepted Offered Injected Injected
Return Return
(%) (%)

FY 13 183.9 146.5 79.66 7.43 26,512.1 24,398.5 92.02 9.33


FY 14 3,170.9 2,689.2 84.81 8.57 6,201.7 4,925.8 79.43 9.86
FY 15 867.3 776.7 89.55 7.83 25,856.9 25,024.7 96.78 8.07
FY 16 754.0 546.4 72.24 6.05 71,128.5 67,599.7 95.04 6.09
FY 17 607.0 415.4 68.43 5.61 60,736.3 58,421.0 96.19 5.81
FY 17
Jul - - - - 6,965.6 6,655.1 95.54 5.81
Aug 138.0 109.0 78.99 5.71 3,951.0 3,873.5 98.04 5.79
Sep - - - - 6,206.9 5,870.9 94.59 5.80
Oct 179.7 95.5 53.13 5.62 4,024.4 3,960.4 98.41 5.80
Nov - - - - 3,242.3 3,096.9 95.52 5.80
Dec 178.7 150.0 83.94 5.55 4,551.0 4,234.6 93.05 5.83
Jan - - - - 4,099.7 3,878.5 94.60 5.84
Feb 59.0 20.9 35.42 5.45 4,127.9 3,953.7 95.78 5.82
Mar - - - - 5,537.5 5,373.8 97.04 5.82
Apr - - - - 5,270.7 5,195.4 98.57 5.81
May - - - - 5,374.6 5,278.7 98.21 5.80
Jun 51.6 40.0 77.52 5.59 7,385.0 7,049.8 95.46 5.77
Source: Domestic Markets & Monetary Management Department, SBP

5.10 Use of SBP Overnight Repo/ Reverse Repo


Cash Accommodation Facilities Rates*
(Billion Rupees) (Percent per annum)
FY 16 FY 17 FY 16 FY 17
Period SBP SBP
Overnight SBP Overnight SBP SBP SBP
Reverse Overnight Reverse Overnight Reverse Repo SBP Repo Reverse Repo SBP Repo
Repo Repo Repo Repo Rate2 Rate2
1 1
(Ceiling) (Floor) (Ceiling) (Floor) Rate (Ceiling) (Floor) Rate (Ceiling) (Floor)

Jul 244.9 6.4 165.0 6.7 7.00 5.00 6.25 4.25


Aug 137.3 1.0 269.0 5.2 7.00 5.00 6.25 4.25
Sep 540.0 81.9 70.5 - 6.50 4.50 6.25 4.25
Oct 204.1 7.7 28.1 6.0 6.50 4.50 6.25 4.25
Nov 76.6 2.0 0.8 25.7 6.50 4.50 6.25 4.25
Dec 298.1 61.7 36.7 11.7 6.50 4.50 6.25 4.25
Jan 121.6 - 110.1 - 6.50 4.50 6.25 4.25
Feb 96.2 18.4 11.6 33.9 6.50 4.50 6.25 4.25
Mar 288.6 92.4 39.1 22.8 6.50 4.50 6.25 4.25
Apr 77.9 - 45.0 61.8 6.50 4.50 6.25 4.25
May 44.0 4.0 25.0 173.0 6.25 4.25 6.25 4.25
Jun 625.5 255.0 134.9 18.7 6.25 4.25 6.25 4.25

Total 2,754.8 530.4 935.7 365.4

Average
per month 229.6 44.2 78.0 30.4
per day 7.7 1.5 2.6 1.0
* Reflects rates prevailing at the end of month. Source: Domestic Markets & Monetary Management Department, SBP

49
SBP Annual Report-Statistical Supplement FY 17

5.11 Profile of Pakistan Investment Bonds (PIBs)

Auction Amount Amount Price


Coupon Cut-off Yield Weighted Average
Settlement Tenure Offered Accepted Accepted
Rate (%) Accepted (%) Yield Accepted (%)
Date (Million Rs.) (Million Rs.) = Rs.100

FY17
14-07-2016 3-Years 7.00 152,622.10 88,822.10 101.98 6.2058 6.1444

5-Years 7.75 133,286.00 74,986.00 104.20 6.7029 6.6364

10-Years 8.75 97,990.40 62,565.40 106.39 7.8003 7.7222

20-Years 10.75 2,500.00 - - - -

25-08-2016 3-Years 7.00 319,121.60 202,566.60 101.92 6.2000 6.1839

5-Years 7.75 3,121.60 3,121.60 104.12 6.7017 6.6873

10-Years 8.75 3,950.00 3,950.00 106.34 7.8005 7.7592

20-Years 10.75 - - - - -

22-09-2016 3-Years 7.00 169,128.50 117,828.50 101.88 6.1970 6.1859

5-Years 7.75 89,825.50 79,275.50 104.07 6.7010 6.6926

10-Years 8.75 23,807.10 13,207.10 106.32 7.7995 7.7956

20-Years 10.75 - - - - -

21-10-2016 3-Years 7.00 62,590.00 - - - -

5-Years 7.75 10,140.00 - - - -

10-Years 8.75 2,234.20 - - - -

20-Years 10.75 - - - - -

17-11-2016 3-Years 7.00 61,133.50 - - - -

5-Years 7.75 40,959.50 - - - -

10-Years 8.75 12,595.50 - - - -

20-Years 10.75 - - - - -

29-12-2016 3-Years 7.00 33,940.00 - - - -

5-Years 7.75 7,050.00 - - - -

10-Years 8.75 6,000.00 - - - -

20-Years 10.75 - - - - -

Source: Domestic Markets & Monetary Management Department, SBP

50
Money and Credit

5.11 Profile of Pakistan Investment Bonds (PIBs)

Auction Amount Amount Price


Coupon Cut-off Yield Weighted Average
Settlement Tenure Offered Accepted Accepted
Rate (%) Accepted (%) Yield Accepted (%)
Date (Million Rs.) (Million Rs.) = Rs.100

FY17
26-01-2017 3-Years 7.00 82,375.00 29,875.00 101.55 6.4074 6.3304

5-Years 7.75 35,268.00 11,793.00 103.49 6.8998 6.8998

10-Years 8.75 22,535.00 2,377.50 105.47 7.9414 7.9414

20-Years 10.75 - - - - -

23-02-2017 3-Years 7.00 91,240.00 58,640.00 101.51 6.4066 6.3789

5-Years 7.75 17,446.00 296.00 103.44 6.8994 6.8994

10-Years 8.75 4,338.50 237.50 105.44 7.9406 7.9406

20-Years 10.75 89.70 - - - -

24-03-2017 3-Years 7.00 59,102.00 26,802.00 101.47 6.4062 6.4029

5-Years 7.75 8,799.50 1,179.50 103.39 6.8993 6.8895

10-Years 8.75 2,248.00 1,244.00 105.41 7.9402 7.9402

20-Years 10.75 152.80 - - - -

20-04-2017 3-Years 7.00 21,630.50 - - - -

5-Years 7.75 7,066.00 - - - -

10-Years 8.75 2,736.00 - - - -

20-Years 10.75 - - - - -

18-05-2017 3-Years 7.00 55,564.00 33,864.00 101.40 6.4060 6.3992

5-Years 7.75 17,988.50 5,238.50 103.31 6.8974 6.8902

10-Years 8.75 9,422.00 1,114.00 105.39 7.9358 7.9358

20-Years 10.75 - - - - -

15-06-2017 3-Years 7.00 74,422.90 68,322.90 101.37 6.4050 6.4043

5-Years 7.75 7,200.00 3,500.00 103.27 6.8974 6.8952

10-Years 8.75 8,910.00 3,210.00 105.37 7.9358 7.9356

20-Years 10.75 - - - - -

Source: Domestic Markets & Monetary Management Department, SBP

51
SBP Annual Report-Statistical Supplement FY 17

5.12 KIBOR
(Percent per annum)
1 Week 2 Week 1Month 3 Month 6 Month 9 Month 12 Month
Period
Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer

Year Average 9.39 9.89 9.45 9.95 9.51 10.01 9.69 9.94 9.74 9.99 9.78 10.28 9.82 10.32
FY 13
End-Year 9.54 10.04 9.63 10.13 9.73 10.23 9.92 10.17 9.92 10.17 9.92 10.42 9.94 10.44

Year Average 9.15 9.65 9.23 9.73 9.31 9.81 9.52 9.77 9.57 9.82 9.60 10.10 9.66 10.16
FY 14
End-Year 9.54 10.04 9.63 10.13 9.73 10.23 9.92 10.17 9.92 10.17 9.92 10.42 9.94 10.44

Year Average 8.50 9.00 8.56 9.06 8.61 9.11 8.74 8.99 8.74 8.99 8.75 9.25 8.77 9.27
FY 15
End-Year 6.53 7.03 6.48 6.98 6.50 7.00 6.76 7.01 6.79 7.04 6.81 7.31 6.88 7.38

Year Average 6.01 6.51 6.04 6.54 6.06 6.56 6.26 6.51 6.28 6.53 6.31 6.81 6.33 6.83
FY 16
End-Year 5.66 6.16 5.72 6.22 5.74 6.24 5.84 6.09 5.86 6.11 5.90 6.40 5.92 6.42

Year Average 5.71 6.21 5.73 6.23 5.75 6.25 5.82 6.07 5.85 6.10 5.87 6.37 5.90 6.40
FY 17
End-Year 5.73 6.23 5.75 6.25 5.76 6.26 5.89 6.14 5.90 6.15 5.94 6.44 5.96 6.46

FY 17
Month Average 5.68 6.18 5.70 6.20 5.72 6.22 5.73 5.98 5.73 5.98 5.74 6.24 5.76 6.26
Jul
End-Month 5.67 6.17 5.70 6.20 5.71 6.21 5.77 6.02 5.77 6.02 5.79 6.29 5.81 6.31
Month Average 5.68 6.18 5.70 6.20 5.73 6.23 5.76 6.01 5.77 6.02 5.79 6.29 5.83 6.33
Aug
End-Month 5.71 6.21 5.72 6.22 5.74 6.24 5.77 6.02 5.79 6.04 5.82 6.32 5.85 6.35
Month Average 5.71 6.21 5.73 6.23 5.74 6.24 5.78 6.03 5.80 6.05 5.82 6.32 5.85 6.35
Sep
End-Month 5.74 6.24 5.74 6.24 5.75 6.25 5.79 6.04 5.81 6.06 5.83 6.33 5.86 6.36
Month Average 5.66 6.16 5.69 6.19 5.73 6.23 5.78 6.03 5.80 6.05 5.84 6.34 5.87 6.37
Oct
End-Month 5.68 6.18 5.71 6.21 5.74 6.24 5.79 6.04 5.80 6.05 5.84 6.34 5.88 6.38
Month Average 5.69 6.19 5.71 6.21 5.75 6.25 5.82 6.07 5.84 6.09 5.87 6.37 5.90 6.40
Nov
End-Month 5.72 6.22 5.73 6.23 5.76 6.26 5.85 6.10 5.87 6.12 5.89 6.39 5.91 6.41
Month Average 5.72 6.22 5.74 6.24 5.75 6.25 5.85 6.10 5.89 6.14 5.90 6.40 5.93 6.43
Dec
End-Month 5.72 6.22 5.75 6.25 5.76 6.26 5.87 6.12 5.90 6.15 5.91 6.41 5.94 6.44
Month Average 5.73 6.23 5.75 6.25 5.75 6.25 5.84 6.09 5.87 6.12 5.88 6.38 5.91 6.41
Jan
End-Month 5.74 6.24 5.76 6.26 5.76 6.26 5.84 6.09 5.87 6.12 5.88 6.38 5.90 6.40
Month Average 5.73 6.23 5.75 6.25 5.76 6.26 5.84 6.09 5.88 6.13 5.89 6.39 5.91 6.41
Feb
End-Month 5.75 6.25 5.75 6.25 5.76 6.26 5.82 6.07 5.87 6.12 5.90 6.40 5.91 6.41
Month Average 5.73 6.23 5.75 6.25 5.76 6.26 5.83 6.08 5.88 6.13 5.90 6.40 5.91 6.41
Mar
End-Month 5.76 6.26 5.76 6.26 5.77 6.27 5.87 6.12 5.91 6.16 5.92 6.42 5.94 6.44
Month Average 5.75 6.25 5.76 6.26 5.77 6.27 5.89 6.14 5.91 6.16 5.94 6.44 5.97 6.47
Apr
End-Month 5.76 6.26 5.77 6.27 5.79 6.29 5.89 6.14 5.92 6.17 5.94 6.44 5.97 6.47
Month Average 5.73 6.23 5.75 6.25 5.77 6.27 5.88 6.13 5.90 6.15 5.93 6.43 5.95 6.45
May
End-Month 5.74 6.24 5.75 6.25 5.77 6.27 5.89 6.14 5.91 6.16 5.92 6.42 5.94 6.44
Month Average 5.73 6.23 5.75 6.25 5.77 6.27 5.89 6.14 5.90 6.15 5.94 6.44 5.96 6.46
Jun
End-Month 5.73 6.23 5.75 6.25 5.76 6.26 5.89 6.14 5.90 6.15 5.94 6.44 5.96 6.46

KIBOR: Karachi Interbank Offered Rate Source: Reuters

52
Money and Credit

5.13 Scheduled Banks Call Money Borrowings


(Billion Rupees, Percent per annum)
Overnight Call 1 Week Call 2 Week Call 1 Month Call 3 Month Call 6 Month Call 1 Year
Period
Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield

FY17
Jul 213.5 5.80 50.3 5.82 10.7 5.86 6.1 5.83 0.5 5.60 - - - -
Aug 236.1 5.90 43.2 5.74 17.6 5.80 18.8 5.87 9.0 5.93 - - 12.9 5.71
Sep 114.2 5.96 49.5 6.00 10.0 5.74 14.8 5.84 2.0 6.65 2.0 5.85 2.8 5.70
Oct 125.6 5.64 10.4 5.92 6.6 5.87 28.7 6.03 - - 4.0 5.69 5.7 5.71
Nov 308.3 5.71 57.2 5.71 18.7 5.75 18.9 5.69 12.1 5.70 13.6 5.73 9.9 5.78
Dec 171.5 5.67 103.9 5.77 31.0 5.46 7.2 5.35 14.2 5.84 4.3 5.66 21.9 5.81
Jan 186.8 5.84 33.8 5.80 10.2 5.88 6.8 5.58 2.1 5.55 3.6 5.65 20.0 5.75
Feb 218.0 5.73 32.9 5.89 30.2 6.13 20.9 5.96 1.0 5.75 - - 10.9 5.79
Mar 230.0 5.86 110.3 5.91 12.7 5.78 6.7 5.72 12.6 6.00 1.9 5.77 5.6 5.79
Apr 282.1 5.84 69.1 6.00 31.5 5.92 7.0 5.70 4.6 5.71 6.3 5.77 3.1 5.83
May 345.7 5.73 97.2 5.81 31.1 5.88 6.4 5.74 3.0 5.65 3.8 5.99 - -
Jun 205.5 5.75 97.6 5.78 13.9 5.81 9.5 5.70 1.0 5.70 - - - -

Source: Domestic Markets & Monetary Management Department, SBP

Note: the data represents new deals carried out during the respective months.

5.14 Scheduled Banks Repo Money Borrowings-Yield1


Period Overnight Call 1 Week Call 2 Week Call 1 Month Call 2 Month Call 3 Month Call 4 Month Call 6 Month Call

FY17
Jul 5.82 5.80 5.84 5.83 5.98 - - 5.50
Aug 5.84 5.80 5.78 5.81 5.83 5.80 - 5.60
Sep 5.93 5.82 5.82 5.89 6.14 - - 5.48
Oct 5.64 5.81 5.86 5.79 6.12 6.15 - 5.50
Nov 5.81 5.81 5.81 5.77 5.75 5.85 - 5.50
Dec 5.78 5.84 5.90 5.90 6.25 5.87 - 5.65
Jan 5.90 5.85 5.84 5.77 5.98 5.88 - 5.55
Feb 5.79 5.84 5.81 5.80 0.00 - - 5.60
Mar 5.90 5.83 5.84 5.78 6.10 5.94 - 5.55
Apr 5.92 5.83 5.81 5.78 6.03 - - 5.55
May 5.86 5.82 5.80 5.76 6.02 6.25 - 5.60
Jun 5.84 5.80 5.78 5.82 6.00 5.71 - 5.50

1: Weighted average Source: Domestic Markets & Monetary Management Department, SBP
Note: the data represents new deals carried out during the respective months.

53
SBP Annual Report-Statistical Supplement FY 17

5.15 Inter-Bank Average Repo and Call Rates


(Percent per annum)
Overnight 1 Week 1 Month 3 Month 6 Month 12 Month
Period
Repo Call Repo Call Repo Call Repo Call Repo Call Repo Call

FY 13 9.25 9.45 9.55 9.58 9.55 9.98 9.77 9.56 7.05 9.48 10.07 -

FY 14 8.87 8.85 8.95 9.30 9.59 9.75 9.40 9.58 8.79 9.26 - 9.00

FY 15 8.38 8.50 8.63 8.87 9.35 8.11 9.97 9.20 7.14 8.55 - 7.42

FY 16 6.05 6.05 6.13 6.08 6.37 6.09 6.40 6.15 5.77 6.14 - 5.83

FY 17 5.78 5.82 5.86 5.90 5.78 5.91 5.87 6.16 5.60 6.04 5.70 5.76

FY 17

Jul 5.76 5.85 5.91 5.86 5.83 5.85 - - 5.50 - - -

Aug 5.76 5.91 5.80 5.82 5.81 5.90 5.80 6.07 5.60 - 5.70 5.71

Sep 5.94 5.96 5.91 6.03 5.97 5.87 5.86 6.65 5.77 - - 5.70

Oct 5.62 5.75 5.79 5.83 5.79 6.01 6.15 - 5.50 5.68 - 5.71

Nov 5.79 5.77 5.79 5.83 4.80 5.70 5.85 5.77 5.50 6.35 - 5.78

Dec 5.72 5.69 5.82 5.87 5.91 5.80 5.87 6.34 5.65 5.79 - 5.79

Jan 5.88 5.85 5.83 5.90 5.77 5.85 5.88 - 5.55 5.65 - 5.75

Feb 5.75 5.74 5.83 5.92 5.80 6.03 - - 5.60 - - 5.78

Mar 5.87 5.90 5.84 5.99 5.79 5.79 5.94 6.60 5.55 5.77 - 5.79

Apr 5.86 5.87 5.84 6.09 5.78 5.96 - - 5.55 - - 5.83

May 5.71 5.78 5.83 5.85 5.76 5.92 6.25 - 5.60 6.35 - -

Jun 5.78 5.79 5.96 5.90 5.83 5.88 5.71 - 5.50 - - -

Source: Domestic Markets & Monetary Management Department, SBP


Note: the data represents new deals carried out during the respective months

54
Money and Credit

5.16 State Bank of Pakistan Rates for Banks


(Percent per annum)
Export Finance Export Finance Facility for Long Term Financing Facility (LTFF) for
Scheme Locally Manufactured Machinery Plant & Machinery Punjab Provincial
Effective
Cooperative Bank
From Up to 3 Over 3 Years and Up to 3 Over 3 Years Over 5 Ltd.
Corporate SME
Years up to 5 Years Years and up to 5 Years to 10
01-Jul-14 6.5 5.5 8.3 8.4 7.5 6.5 6.0 9.9685
01-Aug-14 6.5 5.5 8.3 8.4 7.5 6.5 6.0 9.9791
01-Sep-14 6.5 5.5 8.3 8.4 7.5 6.5 6.0 9.9791
01-Oct-14 6.5 5.5 8.3 8.4 7.5 6.5 6.0 9.9791
01-Nov-14 6.5 5.5 8.3 8.4 7.5 6.5 6.0 9.9541
01-Dec-14 6.5 5.5 8.3 8.4 7.5 6.5 6.0 9.4665
01-Jan-15 6.5 5.5 8.3 8.4 7.5 6.5 6.0 9.4734
02-Feb-15 5.0 4.0 8.3 8.4 6.0 5.0 4.5 8.9582
23-Feb-15 5.0 4.0 5.5 5.0 6.0 5.0 4.5 8.3377
01-Mar-15 5.0 4.0 5.5 5.0 6.0 5.0 4.5 8.3377
01-Apr-15 5.0 4.0 5.5 5.0 6.0 5.0 4.5 7.8919
01-May-15 5.0 4.0 5.5 5.0 6.0 5.0 4.5 7.2639
01-Jun-15 5.0 4.0 5.5 5.0 6.0 5.0 4.5 6.6350
01-Jul-15 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.9355
01-Aug-15 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.9452
01-Sep-15 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.9478
01-Oct-15 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.4800
01-Nov-15 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.3035
01-Dec-15 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.3837
01-Jan-16 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.3637
01-Feb-16 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.1662
01-Mar-16 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.2239
01-Apr-16 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.1812
01-May-16 3.5 2.5 4.0 3.5 4.5 3.5 3.0 6.1720
01-Jun-16 3.5 2.5 4.0 3.5 4.5 3.5 3.0 5.9992
01-Jul-16 2.0 1.0 4.0 3.5 4.5 3.5 3.0 5.8910
01-Aug-16 2.0 1.0 4.0 3.5 4.5 3.5 3.0 5.8214
01-Sep-16 2.0 1.0 4.0 3.5 4.5 3.5 3.0 5.8990
01-Oct-16 2.0 1.0 4.0 3.5 4.5 3.5 3.0 5.9046
01-Nov-16 2.0 1.0 4.0 3.5 4.5 3.5 3.0 5.9046
01-Dec-16 2.0 1.0 4.0 3.5 4.5 3.5 3.0 5.9440
01-Jan-17 2.0 1.0 4.0 3.5 4.5 3.5 3.0 5.9792
01-Feb-17 2.0 1.0 4.0 3.5 4.5 3.5 3.0 5.9033
01-Mar-17 2.0 1.0 4.0 3.5 4.5 3.5 3.0 5.9893
01-Apr-17 2.0 1.0 4.0 3.5 4.5 3.5 3.0 5.9934
01-May-17 2.0 1.0 4.0 3.5 4.5 3.5 3.0 6.0082
01-Jun-17 2.0 1.0 4.0 3.5 4.5 3.5 3.0 6.0109

Source: IH & SME Finance Department SBP


Note: LMM Scheme (Export Sales) has been replaced with the Export Finance Facility for Locally Manufactured Machinery (EFF-LMM) vide I.H. & SMEFD Circular
No. 04 dated Jan 03, 2013.

55
SBP Annual Report- Statistical Supplement FY17

6.1 Scheduled Banks' Liabilities and Assets


(End June: Billion Rupees)
Amount % of Total
Liabilities/Assets
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
Liabilities
Capital 494.5 505.7 501.1 548.6 657.6 3.1 3.1 2.6 2.5 2.7

Reserves 328.6 381.5 615.8 620.4 639.5 2.0 2.3 3.2 2.9 2.6

Demand Deposits 3,751.9 4,466.6 5,172.5 5,561.2 6,625.0 23.3 27.0 27.0 25.6 26.9
(a) Scheduled Banks 77.8 91.2 100.1 125.7 137.3 0.5 0.6 0.5 0.6 0.6
(b) Others 3,674.2 4,375.4 5,072.4 5,435.5 6,487.7 22.8 26.5 26.5 25.0 26.4

Time Deposits 3,472.4 3,686.8 4,095.9 4,735.7 5,116.4 21.6 22.3 21.4 21.8 20.8
(a) Scheduled Banks 12.2 10.6 15.3 13.6 12.0 0.1 0.1 0.1 0.1 ..
(b) Others 3,460.3 3,676.1 4,080.6 4,722.1 5,104.4 21.5 22.3 21.3 21.7 20.7

Borrowings from: 765.1 651.7 1,270.9 2,205.5 2,598.6 4.8 3.9 6.6 10.1 10.6
(a) State Bank of Pakistan 487.0 300.7 918.0 1,787.9 1,852.6 3.0 1.8 4.8 8.2 7.5
(b) Banks Abroad 43.0 53.5 107.4 172.6 318.2 0.3 0.3 0.6 0.8 1.3
(c) Other Scheduled Banks 235.1 297.5 245.5 245.0 427.7 1.5 1.8 1.3 1.1 1.7

Head Office and Inter-Bank Adjustment 67.2 112.1 169.7 134.4 145.8 0.4 0.7 0.9 0.6 0.6

Contingent Liabilities as per contra 2,921.2 3,143.4 4,193.3 4,446.9 5,092.3 18.2 19.0 21.9 20.4 20.7

Other Liabilities 4,285.2 3,571.2 3,115.5 3,508.0 3,743.4 26.6 21.6 16.3 16.1 15.2

Total Liabilities / Assets 16,086.1 16,519.1 19,134.7 21,760.9 24,618.6 100.0 100.0 100.0 100.0 100.0

Assets

Cash: 740.8 851.7 937.6 821.9 1,215.1 4.6 5.2 4.9 3.8 4.9

(a) Notes, Coins and Silver 129.6 163.8 188.0 256.7 294.3 0.8 1.0 1.0 1.2 1.2
(b) Balances with State Bank of Pakistan 489.7 525.3 405.5 380.2 650.6 3.0 3.2 2.1 1.7 2.6
(c) Balances with other Scheduled Banks 121.4 162.7 344.2 185.0 270.2 0.8 1.0 1.8 0.9 1.1

Balances held Abroad 103.0 202.0 186.5 188.9 217.5 0.6 1.2 1.0 0.9 0.9

Bills Purchased and Discounted 1,791.6 224.0 201.4 190.1 209.0 11.1 1.4 1.1 0.9 0.8

Advances to 3,739.9 4,211.2 4,643.6 5,198.1 6,047.1 23.2 25.5 24.3 23.9 24.6
(a) Scheduled Banks 75.5 78.3 139.7 119.9 81.2 0.5 0.5 0.7 0.6 0.3
(b) Others 3,664.5 4,133.0 4,503.9 5,078.2 5,965.9 22.8 25.0 23.5 23.3 24.2

Investment in Securities and Shares: 4,213.7 4,490.3 6,011.8 7,610.3 8,227.8 26.2 27.2 31.4 35.0 33.4
(a) Federal Government Securities 720.9 2,125.7 3,017.0 3,784.3 3,374.8 4.5 12.9 15.8 17.4 13.7
(b) Treasury Bills 2,604.3 1,547.3 2,164.4 2,666.1 3,783.6 16.2 9.4 11.3 12.3 15.4
(c) Provincial Governments Securities - - - - - - - - -
(d) Others 888.5 817.3 830.4 1,159.9 1,069.4 5.5 4.9 4.3 5.3 4.3
Bank Premises 182.8 214.1 238.7 268.3 295.3 1.1 1.3 1.2 1.2 1.2
Head Office and Inter-Bank Adjustment 150.8 734.8 615.9 791.7 999.5 0.9 4.4 3.2 3.6 4.1
Contingent Assets as per contra 2,921.2 3,143.4 4,193.3 4,446.9 5,092.3 18.2 19.0 21.9 20.4 20.7
Other Assets 2,242.3 2,447.6 2,105.9 2,244.6 2,315.0 13.9 14.8 11.0 10.3 9.4
Note: Total may differ due to rounding off and percentages (%) are arrived at from original value. Source: Statistics & Data Warehouse Department, SBP

58
Banking System

6.2 Classification of Scheduled Banks' Advances


by Borrower
(End June: Billion Rupees)
2016 2017
Commercial Commercial
Borrower All Banks Foreign Banks All Banks Foreign Banks
Banks* Banks*
Amount % Share Amount % Share Amount % Share Amount % Share Amount % Share Amount % Share

I. Government 644.9 12.7 643.9 13.1 - - 691.4 11.6 690.5 11.9 - -


1. Federal Government 232.3 4.6 232.3 4.7 - - 233.1 3.9 233.1 4.0 - -
2. Provincial Governments 412.6 8.1 411.6 8.4 - - 458.3 7.7 457.3 7.9 - -
II. Non-Financial Public Sector Enterprises 649.2 12.8 649.2 13.2 - - 804.4 13.5 804.4 13.9 - -
III. Non-Bank Financial Institutions 68.6 1.4 68.5 1.4 0.1 0.3 81.4 1.4 81.3 1.4 - -
a. Development Financial Institutions 18.3 0.4 18.3 0.4 - - 19.8 0.3 19.8 0.3 - -
b. Others 50.3 1.0 50.2 1.0 0.1 0.3 61.7 1.0 61.6 1.0 - -
IV. Private Sector Enterprises 3,270.1 64.4 3,110.7 63.3 34.3 97.2 3,861.3 64.7 3,694.8 63.8 33.0 97.7
a. Agriculture, Hunting and Forestry 292.9 5.8 148.0 3.0 - - 297.5 5.0 145.7 2.5 - -
b. Fishing and Fish Farming etc. 0.8 0.0 0.8 0.0 - - 0.9 .. 0.8 .. - -
c. Mining and Quarrying 26.5 0.5 26.4 0.5 - - 40.2 0.7 40.1 0.7 - -
d. Manufacturing 1,865.8 36.7 1,857.5 37.8 14.0 39.7 2,238.4 37.5 2,229.9 38.5 23.7 70.2

e. Ship Breaking and Waste / Scrape etc. 25.9 0.5 25.9 0.5 - - 26.0 0.4 26.0 0.4 - -

f. Electricity, Gas and Water Supply 304.5 6.0 304.5 6.2 2.4 6.8 364.0 6.1 364.0 6.3 1.1 3.1
g. Construction 96.3 1.9 96.0 2.0 - - 131.5 2.2 131.2 2.3 - -
h. Commerce and Trade 259.6 5.1 256.0 5.2 2.8 7.9 296.6 5.0 293.0 5.1 3.2 9.4
i. Hotels, Restaurants and Clubs etc 28.0 0.6 27.8 0.6 0.5 1.4 33.9 0.6 33.8 0.6 0.4 1.1
j. Transport, Storage and Communications 178.3 3.5 177.6 3.6 13.6 38.5 202.7 3.4 202.1 3.5 3.7 10.8
k. Real Estate, Renting and Business
111.9 2.2 111.7 2.3 0.9 2.5 129.1 2.2 129.0 2.2 0.5 1.4
activities
l. Education 17.7 0.3 17.5 0.4 - - 17.4 0.3 17.3 0.3 - -
m. Health and Social Work 5.0 0.1 4.9 0.1 - - 4.9 0.1 4.8 0.1 - -
n. Other community, Social and Personal
24.0 0.5 23.8 0.5 - - 29.5 0.5 29.4 0.5 0.3 0.9
Service activities
o. Other Private Business n.e.s 32.9 0.6 32.2 0.7 - - 48.7 0.8 48.0 0.8 0.3 0.8
V. Trust Funds And Non Profit Institutions 14.2 0.3 14.2 0.3 - - 16.8 0.3 16.7 0.3 - -
VI. Personal 423.0 8.3 420.4 8.6 0.9 2.5 504.4 8.5 501.9 8.7 0.8 2.3
a. Bank Employees 106.5 2.1 104.0 2.1 0.7 2.0 110.7 1.9 108.2 1.9 0.6 1.8
b. Consumer Financing 309.0 6.1 308.9 6.3 0.2 0.6 389.6 6.5 389.5 6.7 0.2 0.5
i) House building 48.6 1.0 48.6 1.0 0.2 0.6 61.7 1.0 61.7 1.1 0.1 0.4
ii) Transport 109.7 2.2 109.7 2.2 - - 151.3 2.5 151.3 2.6 .. ..
iii) Credit cards 25.6 0.5 25.6 0.5 - - 30.0 0.5 30.0 0.5 - -
iv) Consumer durable 0.6 0.0 0.6 0.0 - - 1.5 .. 1.5 .. - -
v) Personal loans 124.5 2.5 124.5 2.5 - - 145.0 2.4 145.0 2.5 .. ..
c .Others 7.5 0.1 7.5 0.2 - - 4.1 0.1 4.1 0.1 - -
VII. Others 8.2 0.2 7.8 0.2 - - 6.2 0.1 5.8 0.1 - -
5,078.2 100.0 4,914.7 100.0 35.3 100.0 5,965.9 100.0 5,795.4 100.0 33.8 100.0
l
Growth (%) 12.7 13.0 (8.1) 17.5 17.9 (4.3)
As % of GDP (bp) 17.4 16.6 0.1 18.7 18.2 0.1

* All Banks excluding specialised banks Source: Statistics & DWH Department, SBP

59
SBP Annual Report- Statistical Supplement FY17

6.3 Classification of Scheduled Banks' Advances


by Securities Pledged
(End June: Billion Rupees)
2016 2017
Security All Banks Commercial Banks* Foreign Banks All Banks Commercial Banks* Foreign Banks
Amount % Share Amount % Share Amount % Share Amount % Share Amount % Share Amount % Share

I. Gold, Bullion, Gold & Silver


Ornaments and Precious Metals 69.9 1.4 69.9 1.4 - - 63.7 1.1 63.7 1.1 - -
II. Securities, Shares and other - - - - - -
Financial Instruments: 312.0 6.1 312.0 6.3 - - 237.5 4.0 237.5 4.1 - -
- - - - - -
A.Quoted on the Stock Exchange 163.6 3.2 163.6 3.3 - - 185.8 3.1 185.8 3.2 - -
1.To Stock Brokers and Dealers 23.0 0.5 23.0 0.5 - - 38.6 0.6 38.6 0.7 - -
2.To Others 140.6 2.8 140.6 2.9 - - 147.3 2.5 147.3 2.5 - -
- - - - - -
B.Unquoted on the Stock Exchange 148.4 2.9 148.4 3.0 - - 51.6 0.9 51.6 0.9 - -
1.To Stock Brokers and Dealers 101.4 2.0 101.4 2.1 - - 9.5 0.2 9.5 0.2 - -
2.To others 47.1 0.9 47.1 1.0 - - 42.1 0.7 42.1 0.7 - -
- - - - - -
III. Merchandise 1,404.1 27.6 1,403.8 28.6 5.5 15.5 1,732.8 29.0 1,732.6 29.9 7.8 23.1
- - - - - -
A.Food Items: 403.1 7.9 403.1 8.2 - - 549.3 9.2 549.3 9.5 - -
1.Wheat 104.8 2.1 104.8 2.1 - - 126.0 2.1 126.0 2.2 - -
2.Rice and Paddy 71.4 1.4 71.4 1.5 - - 65.9 1.1 65.9 1.1 - -
3.Other Grain and Pulses 11.8 0.2 11.8 0.2 - - 6.2 0.1 6.2 0.1 - -
4.Edible Oil 30.8 0.6 30.8 0.6 - - 28.8 0.5 28.8 0.5 - -
5.Sugar 117.5 2.3 117.5 2.4 - - 215.7 3.6 215.7 3.7 - -
6.Kariana and Spices 2.1 .. 2.1 .. - - 1.3 .. 1.3 .. - -
7.Fish and Fish Preparation 1.7 .. 1.7 .. - - 2.0 .. 2.0 .. - -
8.Other Food Items 63.1 1.2 63.0 1.3 - - 103.4 1.7 103.4 1.8 - -
- - - - - -
B.Raw Materials 422.4 8.3 422.2 8.6 0.4 1.1 437.6 7.3 437.5 7.5 0.4 1.0
1.Cotton Raw 107.6 2.1 107.6 2.2 - - 128.3 2.2 128.3 2.2 - -
2.Synthetic Fibres 21.1 0.4 21.0 0.4 - - 26.0 0.4 25.9 0.4 - -
3.Fertilizers 79.5 1.6 79.5 1.6 - - 63.8 1.1 63.8 1.1 - -
4.Petroleum Crude 58.9 1.2 58.9 1.2 - - 43.0 0.7 43.0 0.7 .. 0.1
5.Iron and Steel 67.3 1.3 67.3 1.4 - - 79.1 1.3 79.1 1.4 - -
6.Wool and Goat Hair 1.0 .. 1.0 .. - - 0.9 .. 0.9 .. - -
7.Hides and Skins 6.5 0.1 6.5 0.1 - - 5.6 0.1 5.5 0.1 - -
8.Oil Seeds 14.8 0.3 14.8 0.3 - - 15.4 0.3 15.4 0.3 - -
9.Pesticides and Insecticides 5.2 0.1 5.2 0.1 - - 2.8 .. 2.8 .. - -
10.Other Raw Materials 60.5 1.2 60.5 1.2 0.4 1.1 72.8 1.2 72.8 1.3 0.3 0.9
- - - - - -
C.Finished/Manufactured Goods 578.6 11.4 578.6 11.8 5.1 14.4 745.9 12.5 745.8 12.9 7.4 22.0
1.Cotton Textiles 108.0 2.1 108.0 2.2 1.0 2.8 133.3 2.2 133.3 2.3 1.2 3.6
2.Cotton Yarn 60.5 1.2 60.5 1.2 0.1 0.3 72.5 1.2 72.5 1.3 0.1 0.3
3.Other Textiles 87.0 1.7 87.0 1.8 0.2 0.6 121.7 2.0 121.7 2.1 0.2 0.7
4.Machinery 32.4 0.6 32.4 0.7 - - 22.7 0.4 22.7 0.4 - -
5.Handloom Products - - - - - - 0.1 .. 0.1 .. - -
6.Carpets and Rugs 10.2 0.2 10.2 0.2 - - 2.2 .. 2.2 .. - -
7.Readymade Garments 34.3 0.7 34.3 0.7 0.2 0.6 57.0 1.0 57.0 1.0 0.2 0.7
8.Cement and Cement Products 37.2 0.7 37.2 0.8 - - 36.6 0.6 36.6 0.6 - -
9.Sports Goods 3.8 0.1 3.8 0.1 - - 4.1 0.1 4.1 0.1 - -
10.Surgical Instruments 2.7 0.1 2.7 0.1 - - 5.2 0.1 5.2 0.1 .. 0.1
11.Chemicals and Dyes 36.2 0.7 36.2 0.7 - - 30.5 0.5 30.5 0.5 - -
12.Other finished goods 166.3 3.3 166.2 3.4 3.4 9.6 260.1 4.4 260.0 4.5 5.6 16.7
IV. Fixed Assets Including Machinery 899.6 17.7 896.6 18.2 1.8 5.1 1,294.8 21.7 1,291.9 22.3 2.9 8.5
- - - - - -
V. Real Estate 626.7 12.3 484.3 9.9 0.7 2.0 681.5 11.4 532.3 9.2 0.7 1.9
- - - - - -
VI. Fixed Deposits & Insurance Policies 90.8 1.8 90.8 1.8 - - 33.5 0.6 33.5 0.6 - -
- - - - - -
VII. Others 1,675.1 33.0 1,657.3 33.7 27.4 77.4 1,922.1 32.2 1,903.9 32.9 22.4 66.4
Total 5,078.2 100.0 4,914.7 100.0 35.4 100.0 5,965.9 100.0 5,795.4 100.0 33.8 100.0
* All Banks excluding specialised banks Source: Statistics & DWH Department, SBP

60
Banking System

6.4 Classification of Scheduled Banks' Advances


by Size of Account
(End June: Amount in Billion Rupees)
2016 2017
All Banks Commercial Banks* All Banks Commercial Banks*
Size of Account Average Average Average
(Thousand Rupees) Amount Amount Amount Average
No. of per No. of per No. of per No. of Amount per
Accounts Total Account Accounts Total Account Account Total Account Accounts Total Account
(000) Amount (Rs.000) (000) Amount (Rs.000) s (000) Amount (Rs.000) (000) Amount (Rs.000)

Less Than 10 110 0.5 4.3 97 0.4 4.3 369 1.1 3.0 355 1.0 2.9

10 to 20 389 5.6 14.4 380 5.5 14.4 34 0.5 14.6 25 0.4 14.5

20 to 25 130 2.8 21.3 124 2.6 21.2 25 0.6 23.1 20 0.5 23.4

25 to 30 115 3.0 26.4 108 2.8 26.3 169 4.6 27.4 165 4.5 27.4

30 to 40 151 5.4 35.8 130 4.7 35.9 106 3.9 36.4 92 3.4 36.5

40 to 50 141 6.1 43.0 120 5.1 42.8 266 12.0 45.2 257 11.6 45.3

50 to 60 79 4.6 57.5 66 3.8 58.2 59 3.2 54.5 50 2.7 54.5

60 to 70 54 3.6 65.6 43 2.8 65.6 113 7.5 66.0 103 6.8 66.1

70 to 80 34 2.5 75.1 24 1.8 75.0 43 3.2 74.8 28 2.1 74.5

80 to 90 62 5.3 85.8 40 3.5 86.1 62 5.3 85.7 41 3.5 85.9

90 to 100 73 6.9 94.7 43 4.1 94.3 59 5.6 94.7 35 3.3 94.6

100 to 200 950 139.4 146.8 547 79.8 145.8 803 121.3 151.1 461 69.4 150.5

200 to 300 442 106.5 240.7 249 60.1 241.5 482 117.0 242.7 248 60.3 243.5

300 to 400 141 47.5 336.5 91 30.7 337.0 165 55.8 339.3 105 35.8 339.9

400 to 500 84 37.7 451.0 71 31.9 451.8 150 67.7 452.7 131 59.6 453.9

500 to 600 120 66.4 555.3 105 58.3 554.4 83 45.3 544.5 68 37.2 546.5

600 to 700 33 21.3 650.1 28 18.3 652.9 30 19.4 647.9 26 16.9 648.0

700 to 800 48 34.8 731.5 46 33.3 731.2 57 42.5 740.8 54 40.1 740.2

800 to 900 23 19.8 844.8 22 18.9 845.4 37 31.2 843.3 36 30.2 843.5

900 to 1,000 18 16.9 953.9 17 16.3 954.7 22 20.6 950.9 21 20.3 950.9

1,000 to 2,000 72 97.6 1,351.1 71 96.1 1,350.5 78 104.6 1,343.1 77 103.2 1,342.5

2,000 to 3,000 28 67.3 2,436.4 27 66.1 2,434.7 31 74.5 2,392.8 31 73.3 2,390.6

3,000 to 4,000 12 42.4 3,496.8 12 41.9 3,498.6 15 52.1 3,558.5 15 51.7 3,559.9

4,000 to 5,000 9 42.1 4,485.0 9 41.8 4,484.7 10 47.5 4,534.3 10 47.0 4,535.4

5,000 to 6,000 6 33.7 5,396.2 6 33.5 5,396.1 6 35.1 5,456.0 6 34.9 5,456.8

6,000 to 7,000 6 37.5 6,558.2 6 37.4 6,558.6 6 36.1 6,437.8 6 36.0 6,437.5

7,000 to 8,000 3 24.3 7,480.7 3 24.1 7,480.5 5 34.5 7,432.2 5 34.4 7,431.7

8,000 to 9,000 3 21.6 8,435.5 3 21.5 8,434.4 3 25.1 8,442.0 3 25.0 8,441.3

9,000 to 10,000 3 25.3 9,523.4 3 25.2 9,523.8 3 33.0 9,534.5 3 32.9 9,535.0

10,000 to 100,000 25 753.0 30,545.4 25 749.9 30,573.6 28 850.8 30,546.7 28 847.8 30,570.1

100,000 to 500,000 5 1,069.2 209,942.4 5 1,066.8 209,958.6 6 1,232.1 211,663.9 6 1,229.1 211,622.4

500,000 and above 1 2,327.7 1,789,160.2 1 2,325.5 1,791,582.0 2 2,871.9 1,792,725.7 2 2,870.5 1,794,043.4

Total 3,369 5,078.2 1,507.3 2,523 4,914.7 1,947.9 3,327 5,965.9 1,793.0 2,512 5,795.4 2,306.6
The upper limits of the range is exclusive of amounts e.g Rs.30 thousand to 40 thousand stands for Rs.30 Source: Statistics & DWH Department, SBP
thousand and over but less than Rs.40 thousand
* All Banks excluding specialised banks

61
SBP Annual Report- Statistical Supplement FY17

6.5 Scheduled Banks' Deposits Distributed


by Category of Deposit Holders & Type of Accounts
(End June: Billion Rupees)
All Deposits Current Deposits Call Deposits Other Deposits Saving Deposits Fixed Deposits
Category of Deposit Holders
2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017

a. Foreign Constituents: 112.0 126.4 57.0 65.2 0.2 0.9 0.1 .. 36.6 39.9 18.1 20.5

I. Official 17.3 18.9 4.2 5.2 .. .. - - 8.7 8.9 4.5 4.9

II. Business 51.5 57.7 36.9 40.8 .. 0.8 - - 6.3 8.0 8.3 8.1

III. Personal 43.1 49.8 16.0 19.2 0.1 .. 0.1 .. 21.6 23.0 5.3 7.5

b. Domestic Constituents 10,045.7 11,465.7 3,263.8 3,810.6 160.2 242.7 50.5 90.1 4,332.6 4,900.6 2,238.6 2,421.8

I. Government 1,235.3 1,584.3 188.7 221.0 7.8 11.2 19.6 33.0 552.9 709.9 466.3 609.1

a. Federal Government 744.9 916.8 110.7 111.7 5.8 9.9 10.5 20.2 345.1 423.5 272.8 351.5

b. Provincial Governments 467.3 624.5 68.7 95.5 2.0 1.3 8.9 12.6 197.2 259.6 190.5 255.4

c. Local Bodies ( City Governments ) 23.1 43.0 9.3 13.8 .. .. 0.1 0.2 10.6 26.7 3.0 2.3

II. Non-Financial Public Sector Enterprises 561.8 705.1 23.8 56.7 13.9 18.1 0.9 27.0 170.4 208.5 352.9 394.8

III. Non-Bank Financial Companies 281.4 399.5 20.2 28.5 7.7 16.7 0.7 7.3 179.3 255.6 73.5 91.3

a. Development Financial Institutions 2.9 8.5 .. 0.5 0.3 1.7 .. .. 0.2 1.2 2.5 5.1

b. Others 278.5 391.1 - 28.0 7.4 15.1 - 7.3 179.1 254.5 71.0 86.2
IV. Private Sector Enterprises 2,540.6 2,881.6 997.8 1,153.4 78.4 113.8 5.4 11.2 922.1 1,027.7 536.9 575.5

a. Agriculture, Hunting and Forestry 242.1 240.7 86.4 88.3 4.8 4.2 0.1 0.1 124.9 123.1 25.9 24.9

b. Fishing and Fish Farming etc. 2.4 2.0 1.0 1.0 0.1 0.1 .. .. 1.1 0.8 0.1 0.1

c. Mining and Quarrying 71.8 82.2 20.1 26.0 1.5 0.9 .. .. 23.2 24.5 27.0 30.9

d. Manufacturing 687.3 771.9 262.3 297.1 21.8 35.0 4.2 1.2 200.9 256.6 198.2 182.0

e. Ship Breaking and Waste / Scrape (junk) etc. 2.3 3.7 1.0 1.2 .. 1.0 - - 0.6 0.2 0.7 1.2

f. Electricity, Gas and Water Supply 93.7 134.2 25.4 48.7 1.5 7.4 .. .. 41.4 61.1 25.3 17.0

g. Construction 184.8 247.2 95.3 106.0 6.2 15.6 0.3 0.3 65.5 85.1 17.4 40.2

h. Commerce and Trade 352.9 375.5 197.2 207.7 10.3 11.0 0.3 0.7 101.0 110.2 44.1 46.0

i. Hotels, Restaurants and Clubs etc 14.4 18.0 4.8 4.1 0.3 0.2 .. 0.1 4.7 5.7 4.7 7.9

J. Transport, Storage and Communications 170.8 180.7 38.7 49.6 1.9 1.9 .. .. 68.0 64.5 62.1 64.7

k. Real Estate, Renting and Business activities 285.6 301.1 124.6 139.3 8.0 8.6 .. .. 116.8 107.1 36.1 46.1

l. Education 59.7 71.5 15.0 17.4 0.9 5.2 .. 0.1 24.3 27.2 19.5 21.7

m. Health and social work 37.4 47.6 8.7 10.3 1.3 1.8 .. .. 12.4 16.2 15.0 19.3
n. Other community, social and personal service
98.3 105.0 33.1 37.4 0.9 0.8 .. 0.7 37.3 38.1 27.0 28.0
activities
o. Other Private Business n.e.c 237.2 300.2 84.2 119.3 18.9 20.4 0.4 7.8 100.0 107.2 33.7 45.5

V. Trust Funds and Non Profit Institutions 237.1 284.1 37.0 35.2 3.7 4.7 0.1 0.2 93.8 109.4 102.5 134.6

VI. Personal 5,099.0 5,538.4 1,967.8 2,291.3 47.6 77.4 7.8 8.4 2,381.7 2,565.3 694.1 596.0

VII. Others 90.4 72.7 28.5 24.4 1.1 0.8 15.9 2.9 32.5 24.1 12.4 20.5

Total 10,157.7 11,592.1 3,320.8 3,875.8 160.3 243.6 50.6 90.1 4,369.2 4,940.5 2,256.7 2,442.2

Growth (%) 11.0 14.1 10.0 16.7 5.3 52.0 36.2 78.0 11.3 13.1 11.8 8.2
As % of GDP (bp) 34.9 31.9 11.4 12.2 0.6 0.8 0.1 0.2 15.0 15.5 7.8 7.7
Note: Total may differ due to rounding off. Source: Statistics and DWH Department, SBP

62
Banking System

6.6 Scheduled Banks' Deposits Distributed


by Type of Accounts
(End June: Accounts and Average per account in Thousand, Amount in Billion Rupees)
2014 2015 2016 2017
Types of Accounts Accounts Amount Average Accounts Amount Average Accounts Amount Average Accounts Amount Average

Current Deposits 18,591.5 2,729.2 146.8 20,598.6 3,019.6 146.6 22,952.1 3,320.8 144.7 26,106.2 3,875.8 148.5
Call Deposits 238.3 186.7 783.5 182.8 152.3 833.1 237.0 160.3 676.6 264.4 243.6 921.2
Other Deposit Accounts 101.5 29.4 290.0 99.8 37.2 372.4 105.0 50.6 482.0 109.3 90.1 824.0
Saving Deposits 17,658.8 3,157.1 178.8 19,506.2 3,924.9 201.2 20,201.9 4,369.2 216.3 20,711.1 4,940.5 238.5
Fixed Deposits 1,287.9 1,949.1 1,513.5 1,393.0 2,019.1 1,449.5 1,522.8 2,256.7 1,481.9 1,815.1 2,442.2 1,345.5

Less than 6 months 463.9 804.9 1,735.1 546.7 770.1 1,408.5 550.5 803.4 1,459.2 778.9 814.3 1,045.5
For 6 months and over
but less than 1 year 133.6 220.0 1,646.0 141.1 273.6 1,938.5 165.9 381.5 2,299.8 139.0 442.0 3,179.2
For 1 year and over
but less than 2 years 262.3 624.9 2,382.8 271.5 687.4 2,531.7 379.0 763.5 2,014.6 340.5 913.8 2,683.6
For 2 years and over
but less than 3 years 63.9 30.6 479.5 75.1 37.9 504.0 74.8 42.7 570.1 56.6 30.1 532.4
For 3 years and over
but less than 4 years 137.3 101.0 735.8 136.9 107.4 784.7 108.3 83.1 767.2 95.7 68.7 717.7
For 4 years and over
but less than 5 years 16.8 7.4 438.7 19.0 7.4 391.4 14.9 5.0 334.1 13.6 4.8 355.5
For 5 years and over 210.0 160.2 762.9 202.6 135.4 668.1 229.4 177.6 774.2 390.8 168.4 430.9

All Deposits 37,877.9 8,051.6 212.6 41,780.4 9,153.0 219.1 45,018.8 10,157.7 225.6 49,006.1 11,592.1 236.5
Growth (%)
Current Deposits 14.5 27.7 11.6 10.8 10.6 (0.1) 11.4 10.0 (1.3) 13.7 16.7 2.6
Call Deposits 14.6 96.7 71.6 (23.3) (18.4) 6.3 29.6 5.3 (18.8) 11.6 52.0 36.1
Other Deposit Accounts (1.7) 64.4 67.5 (1.6) 26.3 28.4 5.2 36.2 29.4 4.1 78.0 71.0
Saving Deposits 4.1 7.7 3.5 10.5 24.3 12.5 3.6 11.3 7.5 2.5 13.1 10.3
Fixed Deposits (20.8) (0.2) 26.0 8.2 3.6 (4.2) 9.3 11.8 2.2 19.2 8.2 (9.2)

Less than 6 months (39.0) 1.6 66.5 17.9 (4.3) 64.9 0.7 4.3 3.6 41.5 1.4 (28.4)
For 6 months and over
but less than 1 year 24.4 5.0 (15.6) 5.6 24.4 17.8 17.5 39.5 18.6 (16.2) 15.9 38.2
For 1 year and over
but less than 2 years (10.7) (6.3) 4.9 3.5 10.0 6.2 39.6 11.1 (20.4) (10.1) 19.7 33.2
For 2 years and over
but less than 3 years 14.7 15.6 0.8 17.6 23.6 5.1 (0.4) 12.7 13.1 (24.4) (29.4) (6.6)
For 3 years and over
but less than 4 years (9.4) 3.9 14.5 (0.3) 6.3 6.7 (20.9) (22.7) (2.2) (11.6) (17.3) (6.4)
For 4 years and over
but less than 5 years (12.2) 5.1 19.6 13.2 1.0 (10.8) (21.5) (33.0) (14.6) (8.8) (3.4) 6.4
For 5 years and over (12.0) 4.0 18.2 (3.5) (15.5) (12.4) 13.2 31.2 15.9 70.4 (5.2) (44.3)

All Deposits 7.8 12.9 4.7 10.3 13.7 3.1 7.8 11.0 3.0 8.9 14.1 4.9
Note: Total may differ due to rounding off and growth (%) / averages are arrived at from original value. Source: Statistics and DWH Department, SBP

63
SBP Annual Report- Statistical Supplement FY17

6.7 Province/Region wise Deposits by Categories*

(Billion Rupees)
Jun-16 Dec-16 Jun-17
Provinces/Regions Categories
Rural Urban Total Rural Urban Total Rural Urban Total

Overall Foreign 1.3 110.7 112.0 1.0 111.1 112.1 1.7 124.8 126.4
Govt. 39.7 1,195.6 1,235.3 41.6 1,302.5 1,344.1 50.7 1,533.5 1,584.2
NFPSEs 2.3 559.5 561.8 24.9 609.4 634.3 3.3 701.8 705.1
NBFCs & Fin Aux. 1.8 279.6 281.4 1.7 351.1 352.7 1.9 397.7 399.5
Private Sector 219.7 2,320.9 2,540.6 243.1 2,529.5 2,772.6 252.3 2,629.3 2,881.6
Trust Fund 5.4 231.7 237.1 5.8 261.5 267.3 7.1 277.0 284.1
Personal 701.6 4,397.5 5,099.0 782.2 4,500.1 5,282.3 823.7 4,714.7 5,538.4
Others 19.8 70.7 90.4 17.4 58.4 75.8 21.0 51.7 72.7
Total 991.5 9,166.2 10,157.7 1,117.7 9,723.5 10,841.3 1,161.7 10,430.4 11,592.1

Punjab Foreign 0.7 19.0 19.7 0.5 20.8 21.3 1.3 25.5 26.8
Govt. 4.8 541.5 546.4 6.0 548.1 554.1 7.8 687.8 695.6
NFPSEs 0.7 170.4 171.0 0.6 170.3 170.8 0.7 221.4 222.2
NBFCs & Fin Aux. 0.3 34.8 35.0 0.4 42.3 42.7 0.2 27.1 27.3
Private Sector 132.0 969.5 1,101.5 145.9 1,072.2 1,218.1 155.9 1,079.0 1,234.9
Trust Fund 2.3 75.4 77.8 3.1 80.1 83.3 3.3 85.1 88.4
Personal 384.9 2,126.1 2,511.0 423.6 2,175.8 2,599.5 448.8 2,273.1 2,721.9
Others 1.1 10.2 11.3 0.4 6.1 6.5 1.0 5.1 6.0
Total 526.8 3,946.9 4,473.7 580.5 4,115.8 4,696.3 618.9 4,404.1 5,023.0

Sindh Foreign 0.2 62.9 63.1 0.1 69.2 69.3 0.1 74.8 74.9
Govt. 12.1 188.0 200.1 13.8 205.2 219.0 15.2 213.5 228.8
NFPSEs 1.4 269.8 271.3 24.1 258.9 283.1 2.5 295.5 298.0
NBFCs & Fin Aux. 0.1 231.2 231.3 0.2 291.5 291.7 .. 346.5 346.6
Private Sector 40.1 939.7 979.7 46.8 995.0 1,041.8 41.3 1,049.4 1,090.7
Trust Fund 0.9 114.3 115.1 0.8 131.1 131.9 1.3 142.4 143.7
Personal 70.9 1,367.4 1,438.3 89.8 1,431.6 1,521.4 82.3 1,438.7 1,521.0
Others 0.1 8.7 8.9 0.1 7.1 7.2 0.1 5.6 5.7
Total 125.8 3,181.9 3,307.7 175.8 3,389.6 3,565.4 142.7 3,566.5 3,709.2

Khyber Foreign 0.1 1.8 1.9 0.1 2.4 2.5 0.1 2.0 2.1
Pakhtunkhwa Govt. 3.8 130.7 134.6 3.2 197.3 200.6 4.9 192.1 197.0
NFPSEs .. 5.1 5.2 .. 11.7 11.7 .. 23.2 23.3
NBFCs & Fin Aux. 0.1 0.7 0.8 0.1 0.8 0.9 .. 5.3 5.3
Private Sector 19.6 103.7 123.3 22.0 105.7 127.8 24.1 115.8 139.8
Trust Fund 0.8 7.1 7.8 1.0 7.4 8.4 1.0 7.0 8.0
Personal 113.1 337.9 451.0 126.5 346.6 473.1 136.8 361.4 498.2
Others 1.2 32.2 33.4 1.3 5.9 7.2 1.6 3.5 5.1
Total 138.8 619.1 757.9 154.4 677.9 832.3 168.5 710.3 878.8

Balochistan Foreign .. 0.1 0.1 .. 0.2 0.3 .. 0.1 0.1


Govt. 13.6 29.6 43.2 12.2 40.9 53.1 11.0 50.9 61.8
NFPSEs 0.1 6.9 6.9 0.1 5.4 5.5 0.1 9.7 9.7
NBFCs & Fin Aux. .. .. 0.1 .. 0.1 0.1 - 0.1 0.1
Private Sector 4.8 36.1 40.9 4.5 40.7 45.1 7.4 49.4 56.8
Trust Fund 0.2 1.0 1.3 0.2 1.7 1.9 0.3 2.5 2.8
Personal 11.6 95.6 107.2 12.4 98.8 111.2 15.5 109.6 125.1
Others 16.6 5.0 21.6 15.5 4.6 20.1 18.3 3.3 21.7
Total 46.9 174.4 221.3 44.9 192.3 237.2 52.6 225.6 278.3

Islamabad Foreign .. 22.0 22.0 .. 15.6 15.6 .. 20.2 20.2


Govt. 2.7 288.8 291.5 1.9 291.9 293.8 5.2 366.3 371.5
NFPSEs .. 106.9 106.9 .. 160.4 160.4 .. 150.0 150.0
NBFCs & Fin Aux. .. 7.0 7.0 .. 9.0 9.0 .. 10.0 10.0
Private Sector 2.2 236.8 239.0 3.1 279.9 283.0 2.7 301.2 303.8
Trust Fund 0.2 31.8 32.0 0.3 39.4 39.6 0.3 38.0 38.3
Personal 13.9 343.3 357.2 14.4 313.1 327.5 14.7 364.0 378.7
Others 0.1 14.2 14.3 .. 34.4 34.4 .. 33.9 33.9
Total 19.2 1,050.7 1,069.9 19.7 1,143.6 1,163.3 22.8 1,283.6 1,306.4

FATA Foreign .. .. .. .. .. .. .. .. ..
Govt. 0.2 0.1 0.3 0.6 0.1 0.7 0.6 0.1 0.7
NFPSEs 0.1 0.1 0.2 0.1 0.1 0.1 .. 0.1 0.1
NBFCs & Fin Aux. .. .. 0.1 .. .. .. .. .. ..
Private Sector 2.8 1.3 4.1 2.9 1.4 4.3 3.1 1.5 4.6
Trust Fund .. 0.1 0.1 .. .. .. 0.2 .. 0.3
Personal 10.4 7.0 17.4 10.9 7.6 18.4 12.1 8.7 20.8
Others 0.6 0.1 0.6 .. 0.2 0.2 0.1 0.2 0.3
Total 14.1 8.6 22.7 14.4 9.4 23.8 16.1 10.6 26.7

64
Banking System

6.7 Province/Region wise Deposits by Categories*

(Billion Rupees)

Jun-16 Dec-16 Jun-17


Provinces/Regions Categories
Rural Urban Total Rural Urban Total Rural Urban Total

Gilgit-Baltistan Foreign .. 0.1 0.1 0.1 0.1 0.1 .. .. ..


Govt. 2.0 6.3 8.3 3.4 8.3 11.7 5.7 7.6 13.3
NFPSEs - .. .. .. 0.1 0.1 .. 1.6 1.6
NBFCs & Fin Aux. 1.1 4.9 6.0 0.8 5.7 6.5 1.6 6.7 8.3
Private Sector 3.7 9.4 13.0 3.3 10.5 13.9 3.5 7.9 11.3
Trust Fund 0.7 0.5 1.1 0.2 0.3 0.5 0.3 0.5 0.8
Personal 7.6 11.2 18.8 9.6 10.0 19.6 5.1 10.6 15.7
Others .. 0.2 0.2 .. .. .. - .. ..
Total 15.2 32.4 47.6 17.3 35.1 52.4 16.2 34.8 51.0

AJK Foreign 0.2 4.9 5.1 0.2 2.8 3.0 0.2 2.1 2.3
Govt. 0.3 10.6 10.9 0.4 10.7 11.1 0.4 15.2 15.6
NFPSEs - 0.3 0.3 .. 2.5 2.5 .. 0.2 0.2
NBFCs & Fin Aux. 0.1 1.2 1.3 0.2 1.7 1.8 0.1 2.0 2.1
Private Sector 14.6 24.4 39.0 14.6 24.0 38.7 14.4 25.2 39.6
Trust Fund 0.3 1.7 2.0 0.3 1.4 1.7 0.4 1.4 1.8
Personal 89.1 109.0 198.1 95.0 116.6 211.6 108.5 148.5 257.1
Others .. 0.1 0.2 .. 0.1 0.1 - .. ..
Total 104.7 152.2 256.9 110.7 159.8 270.5 123.9 194.8 318.7

*End Position
Urban Area means an area which falls within jurisdiction of Municipal Corporation, or Metropolitan Corporation, or Municipal Committee, or
Town Committee, or Cantonment Board, or any other area which has developed urban characteristics, and is declared as urban area by the
government under Local Government Act 1975. While the areas other than urban areas are classified as rural areas.
Outstanding deposits" show position of deposits held by banks at the end of the period (30th June or 31st December). Deposits are the amount held
in various types of deposit accounts by bank, such as demand deposits, time and saving deposits. Deposits include all types of deposits excluding
interbank deposits, placements and margin deposits (deposits held by banks as collateral against letters of credits, letters of guarantees).
Foreign Constituents: This covers the transactions with the non residents working in our economy. This includes Officials (Embassies consulates,
foreign missions), Business (Corporations working in Pakistan for short periods as construction companies) and Personals (Students, travelers).
Government: This includes Federal Government, Provincial & Local Governments deposits and advances. Further, disbursements to Government
(Federal, Provincial & Local) are made by bank branches located in various regions/Provinces, while in case of deposits, the bank branches located
in the various regions/Provinces have mobilized the deposits from the Government (Federal, Provincial & Local).Similarly, disbursements to eight
main borrowers (Foreign, Govt., NFPSEs, NBFCs, Private Sector, Trust Fund, Personal and Others) are made by bank branches located in various
regions/Provinces, while in case of deposits, the bank branches located in the various regions/Provinces have mobilized the deposits from these eight
categories.
NFPSEs (Non-financial Public Sector Enterprises): These are the non-financial resident corporations which are controlled by government, which
may be exercised through ownership of more than half the voting shares, legislation, decree, or regulations that establish specific corporate policy or
allow the government to appoint the directors.
NBFCs & Financial Auxiliaries.: NBFCs (Nonbank Financial Companies) & Fin Aux.(Financial Auxiliaries) are categorized into groups of
development finance institutions, leasing companies, investment banks, modarba companies, housing finance companies, mutual funds, venture
capital companies , discount houses, stock exchanges , exchange companies and insurance companies etc.
Private Sector: This is that part of the economy which is run for private business profit and is not controlled by the state. This includes the majors
sectors like Agriculture, Manufacturing etc.
Trust Fund: This includes the Private Trusts and Non-profit Institution, Non-government Organization (NGOs)/ Community Based and
Organizations (CBOs).
Personal: This includes Bank Employees and Consumer Financing which are classified under advances, while in case of deposits, Salaried Persons,
Self employed and Other Persons (House-wives, students etc) are included.
Others: This includes all those which are not classified elsewhere.

65
SBP Annual Report- Statistical Supplement FY17

6.8 Province/Region wise Advances by Borrowers


(Outstanding Position)

(Billion Rupees)
Jun-16 Dec-16 Jun-17
Provinces/Regions Borrowers
Rural Urban Total Rural Urban Total Rural Urban Total

Overall Foreign - .. .. - .. .. - .. ..
Govt. 0.1 644.8 644.9 0.1 571.4 571.6 .. 691.4 691.4
NFPSEs - 649.3 649.3 - 683.9 683.9 - 804.4 804.4
NBFCs & Fin Aux. - 68.6 68.6 - 79.0 79.0 0.4 81.0 81.4
Private Sector 165.2 3,104.9 3,270.1 193.2 3,404.2 3,597.5 184.5 3,676.7 3,861.3
Trust Fund .. 14.2 14.2 .. 15.5 15.5 .. 16.8 16.8
Personal 41.0 382.0 423.0 38.2 413.5 451.6 43.1 461.3 504.4
Others 1.6 6.6 8.2 0.2 3.9 4.2 0.9 5.4 6.2
Total 207.8 4,870.4 5,078.2 231.8 5,171.5 5,403.2 229.0 5,736.9 5,965.9
- - - - - -
Punjab Foreign - - - - - - - - -
Govt. - 449.5 449.5 - 390.6 390.6 - 456.2 456.2
NFPSEs - 115.6 115.6 - 127.6 127.6 - 114.3 114.3
NBFCs & Fin Aux. - 8.9 8.9 - 9.1 9.1 - 9.7 9.7
Private Sector 125.0 1,584.3 1,709.3 138.6 1,676.9 1,815.5 137.1 1,821.9 1,959.0
Trust Fund - 3.6 3.6 - 3.5 3.5 - 4.1 4.1
Personal 6.5 116.9 123.4 6.8 118.6 125.4 7.6 130.5 138.1
Others 1.2 2.5 3.6 0.1 1.3 1.4 0.8 1.2 2.0
Total 132.6 2,281.2 2,413.9 145.5 2,327.5 2,473.0 145.5 2,537.8 2,683.3
- - - - - -
Sindh Foreign - .. .. - .. .. - .. ..
Govt. 0.1 179.4 179.5 0.1 177.4 177.5 .. 210.5 210.5
NFPSEs - 402.8 402.8 - 417.5 417.5 - 516.9 516.9
NBFCs & Fin Aux. - 57.2 57.2 - 65.2 65.2 - 65.9 65.9
Private Sector 33.3 1,236.7 1,270.0 45.7 1,411.2 1,456.9 40.3 1,535.8 1,576.1
Trust Fund .. 2.6 2.6 .. 3.7 3.7 .. 2.4 2.4
Personal 28.9 231.7 260.6 25.7 257.2 282.9 29.6 290.3 319.8
Others .. 2.0 2.0 .. 1.8 1.8 .. 3.3 3.3
Total 62.3 2,112.4 2,174.6 71.5 2,334.2 2,405.7 69.9 2,625.1 2,695.0
- - - - - -
Khyber Foreign - - - - - - - - -
Pakhtunkhwa Govt. - 0.1 0.1 - - - - - -
NFPSEs - 0.9 0.9 - 0.4 0.4 - 0.4 0.4
NBFCs & Fin Aux. - 0.1 0.1 - 0.1 0.1 0.4 0.9 1.3
Private Sector 3.5 28.9 32.3 3.9 33.4 37.3 3.5 35.6 39.0
Trust Fund .. .. .. - 0.1 0.1 - - -
Personal 1.8 10.6 12.4 1.7 11.3 13.0 1.8 11.9 13.7
Others 0.4 1.6 2.0 .. 0.3 0.4 .. 0.4 0.4
Total 5.7 42.1 47.8 5.6 45.6 51.2 5.7 49.2 54.9
- - - - - -
Balochistan Foreign - - - - - - - - -
Govt. - 5.3 5.3 3.2 3.2 - 3.9 3.9 7.0
NFPSEs - - - - - - - - -
NBFCs & Fin Aux. - - - - - - - - -
Private Sector 1.5 3.2 4.7 2.8 3.0 5.8 1.7 2.5 4.1
Trust Fund - - - - - - - - -
Personal 2.0 1.4 3.4 2.0 1.5 3.5 2.0 1.6 3.6
Others - .. .. - .. .. - .. ..
Total 3.5 10.0 13.4 4.8 7.7 12.5 3.6 7.9 11.6
- - - - - -
Islamabad Foreign - - - - - - - - -
Govt. - 10.4 10.4 - 0.1 0.1 - 20.7 20.7
NFPSEs - 129.7 129.7 - 138.3 138.3 - 172.5 172.5
NBFCs & Fin Aux. - 2.4 2.4 - 4.6 4.6 - 4.4 4.4
Private Sector 0.4 245.8 246.2 0.6 273.4 274.0 0.6 273.9 274.5
Trust Fund .. 8.0 8.0 .. 8.3 8.3 .. 10.3 10.3
Personal 0.3 16.9 17.2 0.3 20.4 20.7 0.4 22.0 22.4
Others - 0.5 0.5 0.1 0.4 0.5 - 0.5 0.5
Total 0.7 413.7 414.5 1.0 445.4 446.5 1.0 504.4 505.4
- - - - - -
FATA Foreign - - - - - - - - -
Govt. - - - - - - - - -
NFPSEs - 0.1 0.1 - - - - - -
NBFCs & Fin Aux. - - - - - - .. .. ..
Private Sector 0.3 0.1 0.5 0.3 0.3 0.6 0.4 0.3 0.6
Trust Fund - - - - - - - - -
Personal .. .. .. .. .. .. .. .. 0.1
Others .. .. .. - - - - - -
Total 0.4 0.3 0.6 0.3 0.3 0.6 0.4 0.3 0.7

66
Banking System

6.8 Province/Region wise Advances by Borrowers


(Outstanding Position)

(Billion Rupees)

Jun-16 Dec-16 Jun-17


Provinces/Regions Borrowers
Rural Urban Total Rural Urban Total Rural Urban Total

Gilgit-Baltistan Foreign - - - - - - - - -
Govt. - - - - - - - - -
NFPSEs - 0.2 0.2 - 0.1 0.1 - 0.2 0.2
NBFCs & Fin Aux. - - - - - - - - -
Private Sector 0.4 1.1 1.4 0.4 1.2 1.6 0.5 1.3 1.7
Trust Fund - - - - - - - - -
Personal 0.4 1.4 1.8 0.4 1.5 1.9 0.5 1.6 2.1
Others - - - - - - - - -
Total 0.7 2.6 3.4 0.9 2.9 3.7 0.9 3.1 4.1
- - - - - -
AJK Foreign - - - - - - - - -
Govt. - 0.2 0.2 - 0.2 0.2 - 0.2 0.2
NFPSEs - - - - - - - - -
NBFCs & Fin Aux. - - - - - - - - -
Private Sector 0.8 4.9 5.6 0.8 4.8 5.7 0.6 5.5 6.1
Trust Fund - .. .. - .. .. - .. ..
Personal 1.2 3.0 4.2 1.2 3.0 4.2 1.3 3.4 4.7
Others .. 0.1 0.1 .. .. 0.1 .. .. 0.1
Total 2.0 8.1 10.0 2.0 8.0 10.1 1.9 9.1 11.0

Urban Area means an area which falls within jurisdiction of Municipal Corporation, or Metropolitan Corporation, or Municipal Committee, or
Town Committee, or Cantonment Board, or any other area which has developed urban characteristics, and is declared as urban area by the
government under Local Government Act 1975. While the areas other than urban areas are classified as rural areas.
Outstanding Advances mean the advances/loans recoverable at the end of the period (30th June or 31st December). Advances includes all type of
advances except interbank placements and is the amount of money borrowed from banks for a period of time at a rate of interest and at terms of
repayments as agreed between the borrower and the banks backed by a collateral. Data on Outstanding Advances is based on disbursements by the
bank branches located in the respective regions and place of actual utilization for these advances may be different from the place of disbursements.
The regional position may not reflect the true picture since offices of large companies operating in different regions might have used banking
facilities located in different regions.

Foreign Constituents: This covers the transactions with the non residents working in our economy. This includes Officials (Embassies consulates,
foreign missions), Business (Corporations working in Pakistan for short periods as construction companies) and Personals (Students, travelers).
Government: This includes Federal Government, Provincial & Local Governments deposits and advances. Further, disbursements to Government
(Federal, Provincial & Local) are made by bank branches located in various regions/Provinces, while in case of deposits, the bank branches located
in the various regions/Provinces have mobilized the deposits from the Government (Federal, Provincial & Local).
Similarly, disbursements to eight main borrowers (Foreign, Govt., NFPSEs, NBFCs, Private Sector, Trust Fund, Personal and Others) are made by
bank branches located in various regions/Provinces, while in case of deposits, the bank branches located in the various regions/Provinces have
mobilized the deposits from these eight categories.
NFPSEs (Non-financial Public Sector Enterprises): These are the non-financial resident corporations which are controlled by government, which
may be exercised through ownership of more than half the voting shares, legislation, decree, or regulations that establish specific corporate policy or
allow the government to appoint the directors.
NBFCs & Financial Auxiliaries.: NBFCs (Nonbank Financial Companies) & Fin Aux.(Financial Auxiliaries) are categorized into groups of
development finance institutions, leasing companies, investment banks, modarba companies, housing finance companies, mutual funds, venture
capital companies , discount houses, stock exchanges , exchange companies and insurance companies etc.
Private Sector: This is that part of the economy which is run for private business profit and is not controlled by the state. This includes the majors
sectors like Agriculture, Manufacturing etc.
Trust Fund: This includes the Private Trusts and Non-profit Institution, Non-government Organization (NGOs)/ Community Based and
Organizations (CBOs).
Personal: This includes Bank Employees and Consumer Financing which are classified under advances, while in case of deposits, Salaried
Persons,Self employed and Other Persons (House-wives, students etc) are included.
Others: This includes all those which are not classified elsewhere.

67
SBP Annual Report- Statistical Supplement FY17

6.9 Province/Region-wise Disbursement & Utilization


of Advances
(Billion Rupees)
Utilization in same Utilized in other
Total Utilization
Region Regions
Disbursed from
Utilization as
Province/ other but
Period Disbursements % of % of % of
Region Utilized in
Amount Regional Amount Regional
Given Region
Amount (%) Disbursement
Disbursement Disbursement

Punjab 3,294.9 3,206.0 97.3 88.8 2.7 138.1 3,344.1 41.7 101.5

Sindh 4,008.7 3,794.6 94.7 214.1 5.3 69.5 3,864.1 48.2 96.4

KPK 56.8 56.6 99.6 0.3 0.5 39.3 95.9 1.2 168.7
Jan-Jun

Balochistan 9.5 9.5 99.9 .. 0.1 30.1 39.5 0.5 416.8


2016

Islamabad 637.7 599.0 93.9 38.7 6.1 63.5 662.5 8.3 103.9

FATA 0.1 0.1 100.0 - - 0.4 0.5 .. 375.9

Gilgit-Baltistan 6.5 6.5 100.0 - - .. 6.5 0.1 100.0

AJK 9.8 9.6 98.7 0.1 1.4 1.3 10.9 0.1 111.5

Total 8,024.0 7,682.0 95.7 342.0 4.3 342.0 8,024.0 100.0

Punjab 3,495.3 3,405.9 97.4 89.3 2.6 180.4 3,586.4 41.5 102.6

Sindh 4,456.2 4,225.0 94.8 231.3 5.2 65.3 4,290.2 49.7 96.3

KPK 50.0 48.5 96.9 1.6 3.1 42.1 90.6 1.0 181.2
Jul-Dec

Balochistan 11.5 11.5 99.9 .. 0.1 40.6 52.1 0.6 452.8


2016

Islamabad 609.8 548.1 89.9 61.7 10.1 52.9 601.0 7.0 98.6

FATA 0.1 0.1 100.0 - - .. 0.1 .. 100.8

Gilgit-Baltistan 2.4 2.4 100.0 - - .. 2.4 .. 100.5

AJK 8.5 8.1 95.5 0.4 4.5 2.9 10.9 0.1 129.3

Total 8,633.7 8,249.5 95.5 384.3 4.5 384.3 8,633.7 100.0

Punjab 4,086.9 3,979.2 97.4 107.7 2.6 177.7 4,156.9 43.2 101.7

Sindh 4,758.9 4,569.1 96.0 189.7 4.0 70.3 4,639.5 48.3 97.5

KPK 44.9 44.1 98.4 0.7 1.6 43.1 87.2 0.9 194.4
Jan-Jun

Balochistan 8.6 8.6 99.7 .. 0.3 43.2 51.8 0.5 602.9


20167

Islamabad 698.0 603.1 86.4 94.9 13.6 55.8 658.9 6.9 94.4

FATA 0.2 0.2 100.0 - - .. 0.2 .. 105.2

Gilgit-Baltistan 3.1 3.1 99.9 .. 0.1 .. 3.1 .. 100.1

AJK 11.0 10.7 97.0 0.3 3.0 3.3 14.0 0.1 127.1

Total 9,611.5 9,218.1 95.9 393.4 4.1 393.4 9,611.5 100.0


Numbers are rounded to the Nearest Billion, Totals may differ due to rounding off
- : Value is zero; 0.00 : Amount in less than 5.0 million
Gross disbursements mean the amounts disbursed by banks during the period 1st Jan - 30th Jun & 1st Jul - 31st Dec either in Pak Rupee or in foreign currency against loans. It also includes loans re-
priced, renewed or rolled over during the period. In case of running finance, the disbursed amount means total amount availed by the borrower during the period.
Place of Disbursements refers to the place from where the funds are being issued by scheduled banks to the borrowers.
Place of Utilization refers to the place where the funds are being utilized by borrower.

68
Banking System

6.10 Province/Region-wise Advances by place of


Disbursement & Utilization
( Billion Rupees)
Place of Jan-Jun Jul-Dec Jan-Jun
Place of
disbursement
Utilization 2016 2016 2017
Amount (%) Amount (%) Amount (%)
Punjab Punjab 3,206.0 97.3 3,405.9 97.4 3,979.2 97.4
Sindh 65.6 2.0 51.9 1.5 65.0 1.6
KPK 10.3 0.3 8.1 0.2 4.6 0.1
Balochistan .. .. 0.2 .. .. ..
Islamabad 12.5 0.4 26.7 0.8 34.9 0.9
Fata - - .. .. .. ..
Gilgit-Baltistan - - .. .. .. ..
AJK 0.5 .. 2.4 0.1 3.2 0.1
Punjab Total 3,294.9 100.0 3,495.3 100.0 4,086.9 100.0
Sindh Punjab 109.3 2.7 140.0 3.1 104.7 2.2
Sindh 3,794.6 94.7 4,225.0 94.8 4,569.1 96.0
KPK 23.9 0.6 25.5 0.6 21.2 0.4
Balochistan 29.9 0.8 40.0 0.9 43.1 0.9
Islamabad 50.9 1.3 25.5 0.6 20.7 0.4
Gilgit-Baltistan - - .. .. - -
AJK 0.1 .. 0.1 .. .. ..
Sindh Total 4,008.7 100.0 4,456.2 100.0 4,758.9 100.0
KPK Punjab 0.1 0.2 0.7 1.4 0.5 1.0
Sindh .. .. 0.2 0.4 .. ..
KPK 56.6 99.6 48.5 96.9 44.1 98.4
Balochistan .. .. - - .. ..
Islamabad .. .. 0.7 1.3 0.2 0.6
FATA 0.1 0.2 - - .. ..
Gilgit-Baltistan - - .. .. - -
AJK .. .. .. .. .. ..
KPK Total 56.8 100.0 50.0 100.0 44.9 100.0
Balochistan Punjab .. 0.1 .. .. .. 0.1
Sindh .. .. .. 0.1 .. 0.1
KPK - - .. .. .. ..
Balochistan 9.5 99.9 11.5 99.9 8.6 99.7
Islamabad - - - - .. ..
FATA - - - - .. ..
AJK - - - - .. ..
Balochistan Total 9.5 100.0 11.5 100.0 8.6 100.0
Islamabad Punjab 28.6 4.5 39.5 6.5 72.4 10.4
Sindh 3.9 0.6 13.2 2.2 5.2 0.7
KPK 5.0 0.8 8.3 1.4 17.2 2.5
Balochistan 0.1 .. 0.5 0.1 .. ..
Islamabad 599.0 93.9 548.1 89.9 603.1 86.4
FATA 0.4 0.1 - - .. ..
Gilgit-Baltistan .. .. - - .. ..
AJK 0.7 0.1 0.3 .. 0.1 ..
Islamabad Total 637.7 100.0 609.8 100.0 698.0 100.0
FATA Total FATA 0.1 100.0 0.1 100.0 0.2 100.0
Gilgit-
Punjab - - - - .. 0.1
Baltistan
KPK - - - - .. ..
FATA - - - - .. ..
Gilgit-Baltistan 6.5 100.0 2.4 100.0 3.1 99.9
AJK - - - - .. ..
Gilgit-Baltistan Total 6.5 100.0 2.4 100.0 3.1 100.0
AJK Punjab .. 0.1 0.2 1.8 0.1 0.8
Sindh .. .. .. 0.3 0.1 1.1
KPK 0.1 1.2 0.2 2.1 0.1 1.0
Balochistan - - - - .. ..
Islamabad .. .. .. 0.3 .. 0.1
FATA - - - - .. ..
AJK 9.6 98.7 8.1 95.5 10.7 97.0
AJK Total 9.8 100.0 8.5 100.0 11.0 100.0
Grand Total 8,024.0 8,633.7 9,611.5
Numbers are rounded to the Nearest Billion, Totals may differ due to rounding off
- : Value is zero; 0.00 : Amount in less than 5.0 million

69
SBP Annual Report- Statistical Supplement FY17

6.11 Province/Region-wise Advances by Place of


Utilization & Disbursement
(Billion Rupees)
Place of Place of Jan-Jun Jul-Dec Jan-Jun
Utilization Disbursement 2016 2016 2017
Amount (%) Amount (%) Amount (%)
Punjab Punjab 3,206.0 95.9 3,405.9 95.0 3,979.2 95.7
Sindh 109.3 3.3 140.0 3.9 104.7 2.5
KPK 0.1 .. 0.7 .. 0.5 ..
Balochistan .. .. .. .. .. ..
Islamabad 28.6 0.9 39.5 1.1 72.4 1.7
Gilgit-Baltistan - - - - .. ..
AJK .. .. 0.2 .. 0.1 ..
Punjab Total 3,344.1 100.0 3,586.4 100.0 4,156.9 100.0
Sindh Punjab 65.6 1.7 51.9 1.2 65.0 1.4
Sindh 3,794.6 98.2 4,225.0 98.5 4,569.1 98.5
KPK .. .. 0.2 .. .. ..
Balochistan .. .. .. .. .. ..
Islamabad 3.9 0.1 13.2 0.3 5.2 0.1
AJK .. .. .. .. 0.1 ..
Sindh Total 3,864.1 100.0 4,290.2 100.0 4,639.5 100.0
KPK Punjab 10.3 10.7 8.1 9.0 4.6 5.3
Sindh 23.9 24.9 25.5 28.2 21.2 24.3
KPK 56.6 59.0 48.5 53.5 44.1 50.6
Balochistan - - - - .. ..
Islamabad 5.0 5.2 8.3 9.2 17.2 19.7
Gilgit-Baltistan - - - - .. ..
AJK 0.1 0.1 0.2 0.2 0.1 0.1
KPK Total 95.9 100.0 90.6 100.0 87.2 100.0
Balochistan Punjab .. .. 0.2 0.3 .. 0.1
Sindh 29.9 75.7 40.0 76.7 43.1 83.4
KPK .. .. - - .. ..
Balochistan 9.5 24.0 11.5 22.1 8.6 16.5
Islamabad 0.1 0.2 0.5 0.9 .. ..
AJK - - .. ..
Balochistan Total 39.5 100.0 52.1 100.0 51.8 100.0
Islamabad Punjab 12.5 1.9 26.7 4.4 34.9 5.3
Sindh 50.9 7.7 25.5 4.2 20.7 3.1
KPK 0.1 .. 0.7 0.1 0.2 ..
Balochistan 599.0 90.4 - - .. ..
Islamabad - - 548.1 91.2 603.1 91.5
AJK .. .. .. .. .. ..
Islamabad Total 662.5 100.0 601.0 100.0 658.9 100.0
FATA Punjab - - .. 0.8 .. 3.1
KPK .. 0.5 - - .. 1.0
Balochistan - - .. 0.2
Islamabad 0.4 72.9 - - .. 0.3
FATA 0.1 26.6 0.1 99.2 0.2 95.0
Gilgit-Baltistan - - - - .. 0.3
AJK - - - - .. 0.1
FATA Total 0.5 100.0 0.1 100.0 0.2 100.0
Gilgit
Punjab - - .. 0.5 .. 0.1
Baltistan
Sindh - - .. .. - -
KPK - - .. .. - -
Islamabad .. .. - - .. 0.1
Gilgit-Baltistan 6.5 100.0 2.4 99.5 3.1 99.8
Gilgit-Baltistan Total 6.5 100.0 2.4 100.0 3.1 100.0
AJK Punjab 0.5 4.2 2.4 22.4 3.2 22.7
Sindh 0.1 0.5 0.1 1.3 .. 0.2
KPK - - .. .. .. ..
Balochistan - - - - .. ..
Islamabad 0.7 6.8 0.3 2.4 0.1 0.8
Gilgit-Baltistan - - - - .. ..
AJK 9.6 88.5 8.1 73.9 10.7 76.3
AJK Total 10.9 100.0 10.9 100.0 14.0 100.0
Grand Total 8,024.0 8,633.7 9,611.5
Numbers are rounded to the Nearest Billion, Totals may differ due to rounding off
- : Value is zero; 0.00 : Amount in less than 5.0 million

70
Banking System

6.12 Scheduled Banks' Deposits Distributed


by Size of Account
(End June: Amount in Billion Rupees)
2014 2015 2016 2017
Average Average Average Average
Size of Account No. of Amount No. of Amount No. of Amount No. of Amount
(Thousand Rupees) Total Total Total Total
Accounts per Accounts per Accounts per Accounts per
Amount Amount Amount Amount
(000) Account (000) Account (000) Account (000) Account
(Rs.000) (Rs.000) (Rs.000) (Rs.000)

Less Than 10 4,756 21.5 4.5 4,735 22.4 4.7 4,839 23.1 4.8 4,491.1 21.1 4.7

10 to 20 3,563 53.6 15.0 3,563 53.4 15.0 3,825 56.1 14.7 3,898.3 58.0 14.9

20 to 25 1,806 40.7 22.5 1,938 43.4 22.4 1,789 40.2 22.5 2,239.0 50.1 22.4

25 to 30 1,687 46.1 27.4 1,626 44.7 27.5 1,791 49.4 27.6 2,009.3 55.2 27.5

30 to 40 2,948 102.7 34.8 3,195 111.1 34.8 3,482 122.2 35.1 3,724.3 130.1 34.9

40 to 50 2,604 117.0 44.9 2,864 128.9 45.0 3,110 139.7 44.9 3,413.5 153.0 44.8

50 to 60 2,378 130.3 54.8 2,485 136.8 55.0 2,636 144.6 54.9 2,918.2 160.4 55.0

60 to 70 1,946 126.2 64.8 2,209 143.3 64.9 2,409 156.3 64.9 2,648.4 171.8 64.9

70 to 80 1,659 124.0 74.7 1,957 146.7 75.0 2,109 158.5 75.2 2,294.2 171.9 74.9

80 to 90 1,432 121.5 84.8 1,561 132.4 84.9 1,756 148.8 84.7 2,101.3 178.1 84.8

90 to 100 1,297 123.1 94.9 1,461 138.7 95.0 1,694 160.8 94.9 1,733.9 164.4 94.8

100 to 200 6,590 917.1 139.2 8,123 1,136.5 139.9 8,869 1,244.5 140.3 10,137.9 1,425.7 140.6

200 to 300 2,088 504.3 241.5 2,573 624.3 242.6 2,992 721.3 241.1 3,238.2 784.4 242.2

300 to 400 1,004 346.5 345.0 1,199 413.7 344.9 1,245 428.8 344.3 1,429.8 493.7 345.3

400 to 500 528 234.4 443.9 609 271.8 446.4 644 286.9 445.4 736.8 327.9 445.1

500 to 600 316 171.9 543.8 368 200.7 545.1 415 226.9 546.7 453.6 246.7 543.9

600 to 700 206 133.4 646.9 217 140.3 646.7 259 167.3 647.0 274.8 177.4 645.6

700 to 800 168 125.6 748.0 166 124.1 749.5 169 126.2 748.3 210.0 156.3 744.5

800 to 900 118 99.6 844.3 112 94.6 846.0 139 117.7 849.4 144.9 122.6 846.2

900 to 1,000 94 89.6 948.8 87 82.3 947.6 94 88.9 947.3 113.1 107.1 946.8

1,000 to 2,000 384 516.8 1,347.5 392 539.5 1,374.5 427 582.2 1,364.2 448.3 607.4 1,354.8

2,000 to 3,000 120 291.9 2,424.7 135 321.7 2,375.7 123 299.6 2,439.2 129.6 311.2 2,400.5

3,000 to 4,000 46 158.0 3,418.5 47 161.4 3,404.7 53 180.8 3,431.6 54.1 185.8 3,434.5

4,000 to 5,000 31 139.8 4,539.1 41 187.1 4,588.9 32 141.4 4,408.3 30.0 133.2 4,447.6

5,000 to 6,000 22 117.5 5,334.9 22 120.3 5,355.9 22 117.4 5,364.5 25.2 136.1 5,399.3

6,000 to 7,000 12 77.1 6,465.2 15 96.1 6,451.0 13 82.2 6,429.4 13.8 89.3 6,459.2

7,000 to 8,000 10 75.6 7,464.4 9 68.5 7,435.2 8 63.3 7,460.5 11.0 82.1 7,455.7

8,000 to 9,000 7 56.9 8,450.9 7 59.2 8,464.8 8 67.2 8,457.2 9.5 80.7 8,453.6

9,000 to 10,000 6 52.8 9,479.5 6 54.1 9,464.4 6 57.2 9,454.9 7.1 67.6 9,452.4

10,000 and over 52 2,936.1 56,229.2 57 3,355.0 58,421.4 62 3,958.3 64,005.8 66.7 4,742.7 71,063.8

Total 37,878 8,051.6 212.6 41,780 9,153.0 219.1 45,019 10,157.7 225.6 49,006.1 11,592.1 236.5
The upper limits of the range is exclusive of amounts e.g Rs.30 thousand to 40 thousand stands for Rs.30 thousand Source: Statistics & DWH Department, SBP
and over but less than Rs.40 thousand.

71
SBP Annual Report- Statistical Supplement FY17

6.13 Weighted Average Lending & Deposit Rates


(Percent per annum)
Gross Disbursements Outstanding Loans Fresh Deposits Outstanding Deposits
Including Excluding Including Excluding Including Excluding Including Excluding
Items Zero Markup Zero Markup Zero Markup Zero Markup Zero Markup Zero Markup Zero Markup Zero Markup
Including Excluding Including Excluding Including Excluding Including Excluding Including Excluding Including Excluding Including Excluding Including Excluding
Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank

Jul.- 2016
Public 6.53 9.61 6.55 9.77 9.83 9.91 10.10 10.12 5.10 5.21 5.57 5.57 3.67 3.81 5.26 5.26
Private 7.02 7.18 7.22 7.42 7.60 7.63 8.07 8.10 3.55 3.46 4.72 4.67 3.05 3.04 4.63 4.62
Foreign 6.02 6.70 6.09 6.70 6.55 6.58 7.07 7.12 2.46 3.00 4.55 4.55 2.68 3.14 4.34 4.34
Specialised 13.74 13.74 13.78 13.78 13.23 13.23 14.13 14.13 4.22 4.22 5.50 5.50 4.03 4.02 5.13 5.13
All Banks 6.95 7.22 7.14 7.45 8.23 8.26 8.68 8.71 3.65 3.65 4.84 4.80 3.17 3.19 4.75 4.74

Aug. - 2016
Public 7.38 8.83 7.39 8.86 9.61 9.70 9.87 9.90 4.49 4.50 4.99 4.98 3.54 3.68 5.12 5.12
Private 6.80 7.05 6.96 7.26 7.66 7.68 8.10 8.13 3.33 3.20 4.77 4.69 3.04 3.02 4.61 4.59
Foreign 5.97 6.65 6.12 6.65 6.52 6.56 7.08 7.08 2.66 3.12 4.61 4.61 2.79 3.23 4.38 4.38
Specialised 13.81 13.81 13.87 13.87 13.23 13.23 14.13 14.13 3.05 3.05 5.87 5.87 4.02 4.01 5.13 5.12
All Banks 6.82 7.12 6.97 7.33 8.23 8.27 8.65 8.69 3.36 3.30 4.79 4.72 3.14 3.15 4.71 4.70

Sep.- 2016
Public 7.25 9.07 7.46 9.71 9.45 9.53 9.69 9.73 3.72 4.33 4.90 4.89 3.48 3.68 5.10 5.10
Private 6.91 7.04 7.12 7.29 7.57 7.59 8.00 8.03 3.71 3.59 4.94 4.87 3.02 3.00 4.59 4.57
Foreign 6.00 6.59 6.26 6.59 6.44 6.50 7.03 7.09 2.55 2.75 4.04 4.61 2.96 3.21 3.87 4.34
Specialised 13.54 13.54 13.65 13.65 13.22 13.22 14.12 14.12 2.16 1.93 5.69 5.52 3.90 3.89 4.90 4.89
All Banks 6.90 7.09 7.12 7.33 8.12 8.16 8.54 8.57 3.59 3.55 4.86 4.85 3.11 3.13 4.68 4.68

Oct. - 2016
Public 7.71 8.45 7.85 8.67 9.90 9.99 10.14 10.17 4.26 4.21 4.96 4.93 3.55 3.71 5.15 5.14
Private 6.97 7.16 7.17 7.39 7.52 7.55 7.93 7.96 3.52 3.39 4.69 4.60 3.03 3.00 4.58 4.55
Foreign 5.92 6.61 6.11 6.61 6.32 6.49 6.82 7.06 2.59 2.59 4.72 4.72 3.23 3.23 4.41 4.41
Specialised 13.62 13.62 13.62 13.62 13.22 13.22 14.12 14.12 4.30 4.30 4.83 4.83 3.92 3.91 4.89 4.88
All Banks 6.96 7.19 7.16 7.42 8.17 8.22 8.57 8.61 3.46 3.35 4.72 4.64 3.14 3.14 4.69 4.67

Nov. - 2016
Public 7.57 8.57 7.64 8.69 9.69 9.80 9.96 10.00 4.22 4.40 4.73 4.71 3.41 3.57 5.06 5.05
Private 6.86 7.06 7.10 7.36 7.43 7.45 7.87 7.91 3.67 3.38 4.95 4.78 3.01 2.97 4.55 4.52
Foreign 5.69 6.61 5.89 6.62 6.26 6.48 6.71 7.07 2.45 2.60 4.26 4.80 3.01 3.30 3.94 4.48
Specialised 13.61 13.61 13.61 13.61 13.22 13.22 14.11 14.11 4.06 4.06 4.85 4.85 3.99 3.98 4.86 4.86
All Banks 6.84 7.12 7.08 7.41 8.06 8.11 8.50 8.54 3.55 3.40 4.83 4.77 3.09 3.10 4.64 4.63

Dec. - 2016
Public 7.11 8.40 7.28 8.74 9.46 9.59 9.79 9.83 4.64 4.85 5.50 5.50 3.23 3.50 4.99 4.98
Private 7.00 7.17 7.31 7.52 7.46 7.49 7.87 7.91 3.62 3.54 5.09 5.05 2.95 2.92 4.56 4.54
Foreign 5.95 6.76 6.08 6.76 6.51 6.54 7.07 7.13 2.19 2.32 4.19 4.84 3.01 3.31 3.98 4.57
Specialised 13.85 13.85 13.87 13.87 13.21 13.21 14.11 14.11 2.20 2.04 5.53 5.41 3.79 3.78 4.85 4.85
All Banks 7.00 7.25 7.29 7.60 8.04 8.09 8.45 8.50 3.56 3.54 5.07 5.09 3.02 3.04 4.64 4.63

72
Banking System

6.13 Weighted Average Lending & Deposit Rates


(Percent per annum)
Gross Disbursements Outstanding Loans Fresh Deposits Outstanding Deposits
Including Excluding Including Excluding Including Excluding Including Excluding
Items Zero Markup Zero Markup Zero Markup Zero Markup Zero Markup Zero Markup Zero Markup Zero Markup
Including Excluding Including Excluding Including Excluding Including Excluding Including Excluding Including Excluding Including Excluding Including Excluding
Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank Interbank

Jan.- 2017
Public 7.51 8.26 7.56 8.34 9.74 9.80 9.97 10.01 5.12 5.15 5.46 5.45 3.45 3.57 4.99 4.98
Private 7.11 7.28 7.37 7.57 7.36 7.38 7.74 7.78 3.42 3.27 4.69 4.59 2.94 2.91 4.50 4.47
Foreign 5.64 6.64 5.73 6.64 6.22 6.54 6.71 7.10 3.31 3.65 4.06 4.63 2.57 2.76 3.84 4.39
Specialised 13.53 13.53 13.53 13.53 13.19 13.19 14.08 14.08 3.09 3.09 5.17 5.17 3.97 3.97 4.85 4.84
All Banks 7.09 7.33 7.33 7.61 8.01 8.05 8.39 8.43 3.56 3.49 4.70 4.70 3.05 3.05 4.59 4.58

Feb. - 2017
Public 7.68 8.86 7.87 9.22 9.53 9.58 9.75 9.76 4.36 4.72 5.18 5.18 3.61 3.71 5.02 4.98
Private 6.99 7.09 7.29 7.41 7.39 7.41 7.80 7.83 3.16 2.89 4.60 4.42 2.87 2.84 4.43 4.40
Foreign 5.80 6.61 5.86 6.61 6.10 6.35 6.51 6.98 2.26 2.48 3.81 4.72 2.57 2.79 3.82 4.45
Specialised 13.41 13.41 13.46 13.46 13.16 13.16 14.04 14.04 3.53 3.53 5.00 5.00 4.00 3.99 4.85 4.84
All Banks 6.95 7.19 7.22 7.50 7.99 8.03 8.38 8.42 3.21 3.07 4.61 4.57 3.02 3.02 4.55 4.53

Mar. - 2017
Public 7.68 8.68 8.14 9.54 9.57 9.60 9.77 9.79 4.06 4.42 5.20 5.16 3.55 3.70 5.01 4.97
Private 6.92 7.05 7.14 7.30 7.32 7.35 7.71 7.75 3.56 3.47 4.73 4.67 2.85 2.83 4.41 4.39
Foreign 5.90 6.62 5.97 6.62 6.26 6.32 6.87 6.96 2.45 2.78 3.58 4.52 2.46 2.68 3.83 4.51
Specialised 13.41 13.41 13.42 13.42 13.12 13.12 13.99 13.99 1.64 1.37 5.40 5.11 3.93 3.92 4.79 4.78
All Banks 6.93 7.12 7.14 7.37 7.94 7.98 8.31 8.36 3.53 3.52 4.71 4.72 2.99 3.00 4.53 4.52

Apr. - 2017
Public 6.81 7.54 6.88 7.67 9.54 9.59 9.78 9.80 3.98 3.90 5.03 4.96 3.54 3.66 4.96 4.95
Private 6.93 7.06 7.13 7.29 7.22 7.25 7.61 7.64 3.24 3.13 4.75 4.68 2.84 2.80 4.37 4.35
Foreign 6.04 6.72 6.04 6.72 6.09 6.33 6.48 6.98 2.95 3.34 3.76 4.58 2.81 3.07 3.85 4.48
Specialised 13.55 13.55 13.59 13.59 13.10 13.10 13.97 13.97 3.45 3.45 4.94 4.94 3.86 3.85 4.79 4.79
All Banks 6.90 7.11 7.08 7.33 7.85 7.90 8.23 8.28 3.27 3.19 4.70 4.70 2.98 2.98 4.49 4.48

May - 2017
Public 7.90 8.39 7.98 8.50 9.56 9.59 9.76 9.78 3.62 3.33 4.69 4.28 3.45 3.58 4.92 4.89
Private 6.94 7.12 7.13 7.35 7.26 7.29 7.62 7.66 3.07 2.98 4.76 4.70 2.75 2.72 4.34 4.31
Foreign 5.90 6.61 5.90 6.61 6.11 6.32 6.45 6.91 2.39 2.53 4.15 4.90 2.71 2.94 3.97 4.66
Specialised 13.61 13.61 13.61 13.61 13.07 13.07 13.93 13.93 4.27 4.27 4.76 4.76 3.81 3.80 4.80 4.79
All Banks 6.93 7.21 7.10 7.43 7.87 7.92 8.22 8.27 3.06 2.97 4.70 4.69 2.89 2.90 4.46 4.45

Jun. - 2017
Public 7.40 7.79 7.73 8.23 9.44 9.48 9.64 9.65 3.11 3.96 5.19 5.12 3.18 3.38 4.81 4.77
Private 7.04 7.21 7.24 7.44 7.26 7.29 7.61 7.65 3.59 3.43 5.07 5.01 2.74 2.73 4.38 4.37
Foreign 6.07 6.60 6.07 6.61 6.12 6.13 6.60 6.63 2.27 2.38 4.07 4.67 2.71 2.87 4.08 4.58
Specialised 13.66 13.66 13.67 13.67 13.03 13.03 13.88 13.88 2.69 2.60 4.94 4.85 3.58 3.57 4.80 4.80
All Banks 7.07 7.28 7.26 7.51 7.86 7.89 8.20 8.23 3.43 3.38 5.02 5.00 2.84 2.86 4.47 4.46
Notes: Source: Statistics & DWH Department, SBP
1. Gross Disbursement: Gross Disbursements include the amount disbursed against fresh loans and the loan re-priced, renewed or rolled over during the month. However, in case of
running finance the disbursed amount means the maximum amount availed by the borrower at any point of time during the month.
2. Outstanding Position: The loans and advances recoverable from borrowers at the end of the month.
3. Fresh Deposits: Fresh Deposits include outstanding position of fresh deposits (new accounts) mobilized during the month and deposits re-priced or rolled over during the month.
4. Outstanding Deposits: The deposits held within the banks at the end of the month.
5. Loans & advances and deposits include interbank placements as well.

73
SBP Annual Report- Statistical Supplement FY17

6.14 Non-Performing Loans

(End Period Billion Rupees)


NPLs
Banks
31-12-2012 31-12-2013 31-12-2014 31-12-2015 30-06-2016 30-06-2017

All Banks 618.2 607.4 604.7 605.4 634.5 6 14.8

Commercial Banks 585.4 575.4 572.2 575.3 591.3 5 62.5


Public Sector
166.4 180.2 182.3 190.1 200.9 1 87.6
.Commercial Banks
Local Private Banks 409.9 388.9 385.1 382.0 387.3 3 72.0
Foreign Banks 9.1 6.2 4.8 3.2 3.0 2 .9

Specialised Banks 32.8 32.0 32.5 30.2 43.3 5 2.3

(End Period Billion Rupees)


Net NPLs Net NPLs to Net Loans (%)
Banks
31-12-2012 31-12-2013 31-12-2014 31-12-2015 30-06-2015 30-06-2017 31-12-2012 31-12-2013 31-12-2014 31-12-2015 30-06-2016 30-06-2017

All Banks 176.1 138.9 122.0 91.1 111.6 100.1 4.63 3.38 2.74 1.89 2.15 1.64

Commercial Banks 163.4 126.9 109.4 78.8 86.5 66.9 4.41 3.17 2.53 1.69 1.72 1.12
Public Sector
61.3 58.7 52.5 39.8 43.3 28.5 7.15 6.95 5.88 4.48 4.46 2.49
.Commercial Banks
Local Private Banks 101.5 68.3 57.0 39.0 43.2 38.5 3.64 2.20 1.69 1.04 1.07 0.80
Foreign Banks 0.5 (0.1) (0.1) .. .. (..) 0.92 (0.13) (0.16) (0.03) (0.04) (0.03)

Specialised Banks 12.7 12.0 12.7 12.3 25.0 33.2 12.87 11.30 10.55 8.68 17.23 21.91

Source: Financial Stability Department, SBP


Note: * Data for CY10 through CY14 is Audited as of Dec 31, data for CY15 is unaudited as of Dec 31, while data for 2016 is Unaudited as of June 30.

74
Banking System

6.15 Electronic Banking Statistics

Product / Item Unit FY13 FY 14 FY15 FY16 FY17 P

1. E-Banking Infrastructure (As on Position)


Real Time online Branches (RTOBs) Number 10,013 10,640 11,315 12,674 14,150
Automated Teller Machines (ATMs) Number 6,757 8,240 9,597 11,381 12,689
Point of Sale (POS) Number 33,748 34,428 41,183 50,769 54,490
2. Credit Cards
Credit Cards Thousands 1,088 1,334 1,370 1,450 1,292
Outstanding Amount 1 Million Rs. 21,795 22,770 23,857 25,566 ...
3. Debit Cards2 Thousands 20,267 23,061 25,024 27,411 35,341
4. E-Banking (Financial Transactions)
4.1 ATMs
Number of Transactions Thousands 199,779 258,483 300,248 342,877 397,754
Amount Million Rs. 1,979,417 2,648,194 3,202,326 3,682,272 4,562,247
i. Cash Withdrawal
Number of Transactions Thousands 191,960 248,400 288,897 330,316 375,246
Amount Million Rs. 1,611,596 2,163,163 2,662,020 3,248,387 3,880,310
ii. Cash Deposit
Number of Transactions Thousands 13 10 4 15 219
Amount Million Rs. 113 96 39 158 5,438
iii. Deposit of Payment Instrument
Number of Transactions Thousands .. .. - - -
Amount Million Rs. 5 2 - - -
iv. Utility Bills Payment
Number of Transactions Thousands 376 627 869 1,243 5,257
Amount Million Rs. 1,053 1,642 2,934 4,512 10,734
v. A/c to A/c Funds Transfer
Number of Transactions Thousands 3,187 4,283 4,522 5,040 7,554
Amount Million Rs. 152,243 215,923 218,353 170,119 232,635
vi. Third Party A/c to A/c Funds Transfer
Number of Transactions Thousands 4,243 5,163 5,956 6,263 9,478
Amount Million Rs. 214,406 267,368 318,979 259,096 433,129
4.2 Points of Sale (POS)
Number of Transactions Thousands 17,310 24,293 32,106 39,222 50,524
Amount Million Rs. 86,585 124,605 172,142 199,752 246,012
4.3 Real Time online Branches (RTOB )
Number of Transactions Thousands 89,058 98,491 113,800 135,364 143,550
Amount Million Rs. 27,091,015 30,173,284 31,559,708 32,339,772 31,126,446
i. Real Time Cash Withdrawals other than the branch
(where A/c is being maintained)
Number of Transactions Thousands 18,014 21,450 24,508 31,362 31,878
Amount Million Rs. 1,543,444 1,966,783 2,094,900 3,012,680 2,502,038
ii. Real Time Cash Deposits other than the branch
(where A/c is being maintained)
Number of Transactions Thousands 32,317 35,964 38,178 47,858 65,892
Amount Million Rs. 2,552,487 2,838,781 3,076,650 4,617,123 6,652,936
iii. Real Time A/c to A/c Funds Transfer
Number of Transactions Thousands 38,727 41,077 51,114 56,147 45,781
Amount Million Rs. 22,995,084 25,367,720 26,388,158 24,709,970 21,971,473

75
SBP Annual Report- Statistical Supplement FY17

6.15 Electronic Banking Statistics


Product / Item Unit FY13 FY 14 FY15 FY16 FY17P
4.4 Mobile Transactions
Number of Transactions Thousands 4,150 6,167 6,139 6,637 7,365
Amount Million Rs. 27,022 67,439 106,890 112,534 141,407
i. Payment Through Mobile
Number of Transactions Thousands 537 297 352 370 256
Amount Million Rs. 585 1,043 2,029 3,246 6,090
ii. Utility Bills Payment
Number of Transactions Thousands 2,960 4,349 3,197 2,895 3,068
Amount Million Rs. 3,454 5,619 4,489 2,444 6,025
iii. A/c to A/c Funds Transfer
Number of Transactions Thousands 409 702 1,120 1,396 2,051
Amount Million Rs. 12,540 24,877 43,482 47,951 60,004
iv. Third Party A/c to A/c Funds Transfer
Number of Transactions Thousands 244 819 1,470 1,975 1,990
Amount Million Rs. 10,443 35,900 56,890 58,893 69,288

4.5 Call Centre Transactions


Number of Transactions Thousands 639 666 766 715 262
Amount Million Rs. 8,147 9,539 9,524 10,114 7,751
i. Payment Through Call Centre
Number of Transactions Thousands 199 227 337 279 98
Amount Million Rs. 2,223 2,677 2,887 2,852 26,304
ii. Utility Bills Payment
Number of Transactions Thousands 340 319 315 325 84
Amount Million Rs. 1,462 1,507 1,684 1,781 630
iii. A/c to A/c Funds Transfer
Number of Transactions Thousands 92 112 106 106 10
Amount Million Rs. 4,095 4,967 4,572 5,338 361
iv. Third Party A/c to A/c Funds Transfer
Number of Transactions Thousands 8 7 8 4 3
Amount Million Rs. 368 388 381 142 138

4.6 Internet Transactions


Number of Transactions Thousands 9,589 15,552 15,999 18,992 25,174
Amount Million Rs. 498,818 675,643 797,651 880,471 968,681
i. Payment Through Internet
Number of Transactions Thousands 1,451 2,016 2,292 2,506 2,077
Amount Million Rs. 229,793 300,282 318,770 336,374 381,752
ii. Utility Bills Payment
Number of Transactions Thousands 2,539 3,068 4,270 5,052 9,041
Amount Million Rs. 8,333 9,763 10,760 11,565 18,634
iii. A/c to A/c Funds Transfer
Number of Transactions Thousands 2,550 5,126 4,588 6,026 6,578
Amount Million Rs. 122,830 177,032 242,257 310,409 258,244
iv. Third Party A/c to A/c Funds Transfer
Number of Transactions Thousands 3,049 5,342 4,849 5,408 7,478
Amount Million Rs. 137,863 188,567 225,865 222,123 310,051

Source: Payment System Department SBP

76
Banking System

6.16 Islamic Banking Statistics

(Amount in Million Rupees, Accounts in numbers)


2015 2016 2017
Item
Jun. Dec. Jun. Dec. Jun

Deposits
No. of Accounts 2,880,553.0 3,379,209.0 3,741,280.0 3,720,381.0 3,976,159.0
Amount 1,170,989.9 1,238,650.8 1,316,240.9 1,433,802.3 1,594,652.7
Percent to Total1 Deposits 12.8 13.2 13.0 13.2 13.8

Financing 2
No. of Accounts 96,717.0 96,482.0 165,824.0 177,931.0 199,611.0
Amount 524,867.4 642,714.5 692,415.3 828,140.4 990,679.3
Percent to Total1 Financing 11.2 13.1 12.9 14.8 16.0

Investment
Amount 337,092.4 461,897.1 621,977.3 445,464.0 489,705.1
Percent to Total1 Investment 5.6 6.8 8.2 6.1 6.0

Liabilities/Assets
Amount 1,816,358.0 1,957,307.8 2,134,940.8 2,407,334.9 2,883,137.6
Percent to Total1 Liabilities/Assets 9.5 9.6 9.8 10.6 11.7

Weighted Average Return on


Advances 8.5 8.5 8.2 7.3 7.8
Deposits 3.7 3.1 2.7 2.6 2.5

Selected Ratios
Ratio of Deposits to Liabilities 64.5 63.3 61.7 59.6 55.3
Ratio of Financing to Assets 28.9 32.8 32.4 34.4 34.4
Ratio of Financing to Deposits 44.8 51.9 52.6 57.8 62.1
Ratio of Investment to Deposits 28.8 37.3 47.3 31.1 31.0

Infrastructure
Full-fledged Islamic Scheduled Banks 5 6 6 5 5
Pakistani 5 6 6 5 5
Foreign - - - - -

Full-fledged Islamic Scheduled Banks Branches 1045 1128 1194 1250 1213
Pakistani 1045 1128 1194 1250 1213
Foreign - - - - -

Stand-alone Branches of Existing Scheduled Banks 606 740 732 891 889
Pakistani 606 740 732 891 889
Foreign - - - -

Total Islamic Branches 1,651 1,868 1,926 2,141 2,102

1. Total includes all scheduled banks Source: Statistics and DWH Department ,SBP

2. Financing = Advances +Bills

77
SBP Annual Report- Statistical Supplement FY17

6.17 Scheduled Banks operating in Pakistan


As on 30th June, 2017

Bank Name Total Branches Website

A. Public Sector Commercial Banks 2,360


1 First Women Bank Ltd. 43 www.fwbl.com.pk
2 National Bank of Pakistan 1,459 www.nbp.com.pk
3 Sindh Bank Ltd. 252 www.sindhbankltd.com
4 The Bank of Khyber 156 www.bok.com.pk
5 The Bank of Punjab 450 www.bop.com.pk
B. Local Private Banks 10,043
1 Al Baraka Bank (Pakistan) Ltd. 173 www.albaraka.com.pk
2 Allied Bank Ltd. 1,162 www.abl.com.pk
3 Askari Bank Ltd. 464 www.askaribank.com.pk
4 Bank Al-Falah Ltd. 601 www.bankalfalah.com
5 Bank Al-Habib Ltd. 557 www.bankalhabib.com
6 BankIslami Pakistan Ltd. 204 www.bankislami.com.pk
8 Dubai Islamic Bank Pakistan Ltd 200 www.dibpak.com
9 Faysal Bank Ltd. 364 www.faysalbank.com.pk
10 Habib Bank Ltd. 1,687 www.habibbankltd.com
11 Habib Metropolitan Bank Ltd 274 www.hmb.com.pk
12 JS Bank Ltd. 272 www.jsbl.com
13 MCB Bank Ltd. 1,233 www.mcb.com.pk
14 MCB Islamic Bank Ltd. 66 www.mcbislamicbank.com
15 Meezan Bank Ltd. 571 www.meezanbank.com
16 NIB Bank Ltd. 171 www.nibpk.com
17 Samba Bank Ltd. 37 www.samba.com.pk
18 Silkbank Ltd. 88 www.silkbank.com.pk
19 Soneri Bank Ltd. 284 www.soneri.com
20 Standard Chartered Bank (Pakistan) Ltd. 97 www.standardchartered.com.pk
21 Summit Bank Ltd. 193 www.summitbank.com.pk
22 United Bank Ltd. 1,345 www.ubl.com.pk
C. Foreign Banks 10
1 Citibank N.A 3 www.citibank.com.pk
2 Deutsche Bank AG 3 www.db.com/pakistan
3 Industrial and Commercial Bank of China Ltd. 3 www.icbc-ltd.com/ICBCLtd/en/
4 The Bank of Tokyo-Mitsubishi UFJ, Ltd. 1 www.btm.co.jp
D. Specialised Banks 626
1 Industrial Development Bank Ltd. 2 www.idbp.com.pk
2 SME Bank Ltd. 13 www.smebank.org
3 The Punjab Provincial Cooperative Bank Ltd. 151 www.ppcbl.com.pk
4 Zarai Taraqiati Bank Ltd. 460 www.ztbl.com.pk
Commercial Banks (A+B+C) 12,413
All Banks (A+B+C+D) 13,039
Source: Statistics & Data Warehouse Department, SBP

78
SBP Annual Report-Statistical Supplement FY 17

7.1 KSE 100 & All Shares Index

End Period
Sector FY15 FY16 FY17
KSE 100 Index (1991 = 1,000) 34,398.9 37,783.5 46,565.3
KSE All Shares Index (1995 = 1,000) 24,036.7 25,313.1 32,494.3
1. Automobile Assembler 52,034.3 51,515.0 101,176.0
2. Automobile parts & Accessories 45,641.5 44,011.8 80,696.2
3. Cable & Electrical Goods 43,046.5 38,266.2 57,892.1
4. Cement 54,821.0 68,740.0 79,367.4
5. Chemical 18,950.3 18,586.9 33,002.4
6. Close -End Mutual Funds 9,933.3 7,960.6 10,578.9
7. Commercial Banks 13,480.4 12,882.4 15,456.4
8. Engineering 18,234.9 24,344.2 71,389.8
9. Fertilizer 22,716.3 20,666.4 18,251.3
10. Food & Personal Care Products 69,783.6 54,422.6 60,627.9
11. Glass & Ceramics 56,965.6 65,572.3 75,322.5
12. Insurance 27,873.9 28,200.0 39,993.5
13. Inv.Banks /INV.COS./Securities COS. 6,259.5 5,798.1 9,853.8
14. Jute 23,576.2 32,861.0 53,038.5
15. Leasing Companies 5,340.6 8,040.0 1,284.7
16. Leather & Tanneries 24,568.5 26,503.7 26,599.2
17. Miscellaneous 17,060.7 16,608.9 21,559.7
18. Modarabas 9,757.5 9,298.3 11,017.6
19. Oil & Gas Exploration Companies 14,680.1 12,787.9 13,939.3
20. Oil & Gas Marketing Companies 17,111.5 16,413.4 26,465.2
21. Paper & Board 22,262.2 24,688.8 27,669.7
22. Pharmaceuticals 36,622.0 47,199.3 53,222.8
23. Power Generation & Distribution 27,077.8 28,389.0 41,578.5
24. Refinery 16,981.3 20,881.5 27,742.7
25. Sugar & Allied Industries 82,878.8 151,237.4 165,753.6
26. Synthetic & Rayon 24,135.2 19,253.6 22,510.3
27. Technology & Communication 36,435.3 28,650.3 32,254.9
28. Textile Composite 24,875.2 25,494.9 39,399.1
29. Textile Spinning 26,253.0 19,457.1 23,608.0
30. Textile Weaving 26,393.2 122,482.4 46,057.6
31. Tobacco 72,406.8 100,200.3 145,159.7
32. Transport 15,623.8 91,283.7 83,615.6
33. Vanaspati & Allied Industries 92,648.9 134,922.4 153,370.8
34. Woolen 25,814.3 26,862.8 33,948.3
35. Real Estate Investment Trust 17,081.4 16,755.7 18,353.7
Source: Pakistan Stock Exchange
Note: Pakistan Stock Exchange reclassified the economic sectors of companies in its daily quotation from FY15 and hence
discontinued the previous ICB classification from 14th November, 2016.

80
Capital Market

7.2 Market Capitalization of PSX all Shares


(Million Rupees)

End Period

Sector FY 15 FY 16 FY 17
1 Automobile Assembler 276,610 273,446 540,185
2 Automobile parts & Accessories 57,016 56,406 110,413
3 Cable & Electrical Goods 51,276 50,445 77,442
4 Cement 539,189 683,154 795,849
5 Chemical 190,911 187,546 339,519
6 Close -End Mutual Funds 14,549 11,624 15,530
7 Commercial Banks 1,402,058 1,369,588 1,657,204
8 Engineering 40,157 69,056 205,651
9 Fertilizer 675,161 614,229 544,709
10 Food & Personal Care Products 801,268 669,561 765,412
11 Glass & Ceramics 20,020 31,528 50,836
12 Insurance 174,195 177,319 256,439
13 Inv. Banks /INV.COS./Securities COS. 36,299 36,845 69,207
14 Jute 222 318 510
15 Leasing Companies 18,649 28,098 4,478
16 Leather & Tanneries 37,342 41,057 42,031
17 Miscellaneous 56,747 57,181 78,651
18 Modarabas 12,941 19,457 22,984
19 Oil & Gas Exploration Companies 1,226,361 1,093,922 1,179,275
20 Oil & Gas Marketing Companies 246,290 246,711 400,322
21 Paper & Board 72,253 81,394 99,960
22 Pharmaceuticals 188,825 263,389 309,852
23 Power Generation & Distribution 319,438 332,122 488,149
24 Refinery 62,847 94,737 125,022
25 Sugar & Allied Industries 51,776 97,251 105,926
26 Synthetic & Rayon 34,613 27,241 32,563
27 Technology & Communication 123,102 102,752 116,130
28 Textile Composite 145,575 154,566 241,821
29 Textile Spinning 59,721 44,877 55,179
30 Textile Weaving 26,298 128,054 45,880
31 Tobacco 291,910 405,306 610,437
32 Transport 100,932 108,999 105,836
33 Vanaspati & Allied Industries 1,131 1,661 1,951
34 Woolen 509 545 699
35 Real Estate Investment Trust 24,527 23,794 26,306

Total 7,380,717 7,584,179 9,522,358


Source: Pakistan Stock Exchange
Note: Pakistan Stock Exchange reclassified the economic sectors of companies in its daily quotation from FY15 and hence discontinued
the previous ICB classification from 14th November, 2016.

81
SBP Annual Report-Statistical Supplement FY 17

7.3 Pakistan Stock Exchange Indicators

(End Period)

KSE 100 Index KSE All Shares Index

Month FY13 FY14 FY15 FY 16 FY 17 FY13 FY14 FY15 FY 16 FY 17

Jul. 14,577.00 23,312.78 30,314.07 35,741.52 39,528.82 10,264.58 16,614.91 22,264.59 24,867.05 26,316.43
Aug. 15,391.58 22,160.85 28,567.74 34,726.51 39,809.58 10,844.53 16,023.32 21,014.45 24,345.61 26,762.56
Sep. 15,444.82 21,832.68 29,726.39 32,287.41 40,541.81 10,897.78 15,836.86 21,778.18 22,708.70 27,682.25
Oct. 15,910.11 22,775.85 30,376.53 34,261.61 39,893.84 11,156.81 16,594.63 22,269.40 23,945.47 27,348.66
Nov. 16,573.86 24,302.19 31,197.98 32,255.20 42,620.31 11,691.52 18,010.72 22,706.46 22,688.92 29,591.96
Dec. 16,905.33 25,261.14 32,131.28 32,816.31 47,806.97 11,964.24 18,664.04 23,397.91 22,936.80 32,842.44
Jan. 17,242.74 26,784.34 34,443.87 31,298.60 48,757.67 12,207.26 20,244.31 24,730.26 22,098.31 33,187.00
Feb. 18,173.67 25,783.28 33,632.19 31,369.51 48,534.23 12,768.64 19,282.40 24,131.61 21,714.93 32,846.05
Mar. 18,043.31 27,159.91 30,233.87 33,139.00 48,155.93 12,802.46 20,396.67 21,703.09 22,896.99 32,985.40
Apr. 18,982.42 28,912.98 33,729.96 34,719.29 49,300.90 13,497.01 21,597.74 23,588.90 23,953.98 34,010.77
May 21,823.05 29,737.69 33,056.79 36,061.56 50,591.57 15,355.44 21,960.78 23,255.34 24,493.91 35,000.88
Jun. 21,005.69 29,652.53 34,398.86 37,783.54 46,565.29 14,987.53 21,973.16 24,036.72 25,313.12 32,494.30
KSE All Shares Index base September 1995 = 1,000
Source: Pakistan Stock Exchange

Market Capitalisation as Percent of GDP (End Period)


Automobile Assembler Cement
Chemical Commercial Banks
Fertilizer Food & Personal Care Products
Oil & Gas Exploration Companies Power Generation & Distribution
Tobacco Total

6 40

5 35

4 30
Percent

Percent

3 25

2 20

1 15

0 10
FY 15 FY 16 FY 17

82
Capital Market

7.4 Turnover of Shares at Pakistan Stock Exchange


(Million Nos.)

Month FY13 FY 14 FY 15 FY 16 FY 17

Jul. 2,275.63 6,601.48 2,297.59 9,091.73 3,149.67


Aug. 3,476.54 3,804.03 2,691.58 6,247.91 6,109.26
Sep. 3,240.06 4,721.86 3,470.43 3,746.73 10,903.85
Oct. 3,014.51 2,341.31 3,691.08 3,784.60 8,676.00
Nov. 4,857.91 2,869.33 4,701.90 3,670.15 10,952.86
Dec. 3,600.49 4,758.79 5,621.23 3,395.26 7,836.42
Jan. 3,858.08 7,163.83 6,809.66 3,180.87 9,936.69
Feb. 5,683.67 4,686.10 5,460.27 2,893.64 7,279.32
Mar. 4,643.78 4,801.15 3,638.57 3,525.23 5,674.59
Apr. 4,142.79 6,746.38 6,370.97 5,096.40 4,921.12
May 7,827.77 3,693.95 3,550.78 6,303.10 7,801.16

Jun. 7,697.54 4,392.36 8,900.05 4,494.76 5,358.29

Total 54,318.77 56,580.57 57,204.10 55,430.36 88,599.21


Source: Pakistan Stock Exchange
* Revised Turnover includes off-market transactions.

Monthly Turnover and KSE-100 Index (Month End)

Turnover (RHS) KSE-100 Index

60,000 12,000

50,000 10,000

Million Shares
40,000 8,000
Index

30,000 6,000

20,000 4,000

10,000 2,000

- -
Nov-15

Nov-16
Apr-16

Apr-17
Jun-16

Jun-17
Dec-15

Dec-16
Oct-15

Oct-16
May-16

May-17
Mar-16

Mar-17
Sep-15

Feb-16

Sep-16

Feb-17
Jan-16

Jan-17
Aug-15

Aug-16
Jul-15

Jul-16

83
SBP Annual Report-Statistical Supplement FY 17

8.1 Pakistans Debt and Liabilities-Summary


(Billion Rupees)
End Period Position
FY13 FY14 FY15 FY16 FY17P
I. Government Domestic Debt 9,520 10,907 12,193 13,626 14,849
II. Government External Debt 4,336 4,786 4,770 5,418 5,919
III. Debt from IMF 435 298 418 633 641
IV. External Liabilities1 308 324 378 377 374
V. Private Sector External Debt 466 500 539 709 1,146
VI. PSEs External Debt 183 204 253 294 284
VII. PSEs Domestic Debt 312 366 459 568 823
VIII. Commodity Operations2 470 492 564 637 687
IX. Intercompany External Debt from Direct Investor abroad 308 336 277 316 341
A. Total Debt and Liabilities (sum I to IX) 16,338 18,214 19,849 22,577 25,062
B. Gross Public Debt (sum I to III) 14,292 15,991 17,380 19,677 21,409
C. Total Debt of the Government - FRDLA Definition3 15,986 17,823 19,635
D. Total External Debt & Liabilities (sum II to VI+IX) 6,036 6,449 6,634 7,747 8,704
E. Commodity Operation and PSEs Debt (sum VI to VIII) 965 1,062 1,276 1,499 1,793
Guaranteed Debt & liabilities 529 546 663 769 814
Non-guaranteed Debt & liabilities 436 517 613 730 979

As percent of GDP
Total Debt and Liabilities 73.0 72.4 72.3 77.6 78.7
Gross Public Debt 63.9 63.5 63.3 67.6 67.2
Total Debt of the Government - FRDLA Definition 58.3 61.2 61.6
Total External Debt & Liabilities 27.0 25.6 24.2 26.6 27.3
Commodity Operation and PSEs Debt 4.3 4.2 4.6 5.1 5.6
Guaranteed Debt & liabilities 2.4 2.2 2.4 2.6 2.6
Non-guaranteed Debt & liabilities 1.9 2.1 2.2 2.5 3.1

Government Domestic Debt 42.5 43.3 44.4 46.8 46.6


FY13 FY14R FY15R FY16R FY17P
Memorandum Items
GDP (current market price)4 22,386 25,169 27,443 29,103 31,862
Government Deposits with the banking system5 1,394 1,853 1,773
US Dollar, last day average exchange rates 99.1141 98.8088 101.7895 104.7619 104.8861
Source: Statistics & Data Warehouse Department, SBP

1 External liabilities include Central bank deposits, SWAPS, Allocation of SDR and Non resident LCY deposits with central bank.
2 Includes borrowings from banks by provincial governments and PSEs for commodity operations.
3 As per Fiscal Responsibility and Debt Limitation Act, 2005 (FRDLA) amended in June 2017, "Total Debt of the Government" means the debt of the government (including the
Federal Government and the Provincial Governments) serviced out of the consolidated fund and debts owed to the International Monetary Fund (IMF) less accumulated deposits of the
Federal and Provincial Governments with the banking system.
4 PBS, GDP(mp) revised estimates for FY15, FY16 and provisional for FY17
5 Accumulated deposits of the Federal and Provincial Governments with the banking system.
P: Provisional , R: Revised
Notes:-
1. For conversion into Pak Rupees from US Dollars, last day average exchange rates prepared by Domestic Markets & Monetary Management Department
have been used for stocks.
2. SBP enhanced coverage & quality of external debt statistics w.e.f March 31, 2010. For revision study see link: http://www.sbp.org.pk/ecodata/Revision-
EDS.pdf
3. As part of annual revision of IIP, data from Dec 31,2015 to Mar 31, 2017 has been revised.
4. The data has been revised by incorporating the private sector loans channeled through permissible offshore accounts. The revision study of external sector
statistics is available at link: http://www.sbp.org.pk/departments/stats/Notice/Rev-External-Sector.pdf

86
Domestic and External Debt

8.2 Pakistans Debt and Liabilities-Profile


(Billion Rupees)
End Period Position
FY13 FY14 FY15 FY16 FY17P

Pakistan's Total Debt and Liabilities (I +II) 16,338 18,214 19,849 22,577 25,062
YoY Growth (in %) 12.3 11.5 9 14 11
As percent of GDP 73.0 72.4 72 78 79
I. Pakistan's Total Debt (A+B+C) 15,561 17,398 18,907 21,563 24,002
YoY Growth (in %) 12.0 11.8 9 14 11
As percent of GDP 69.5 69.1 69 74 75

A. Government Domestic Debt 9,520 10,907 12,193 13,626 14,849


B. PSEs Domestic Debt 312 366 459 568 823
C. External Debt (a+b+c+d) 5,728 6,125 6,256 7,369 8,330
a) Government External Debt 4,336 4,786 4,770 5,418 5,919
b) Non-government External Debt 649 704 792 1,003 1,430
c) Country's Debt from IMF 435 298 418 633 641
d) Intercompany External Debt from Direct Investor abroad 308 336 277 316 341
II. Total Liabilities (D+E) 778 817 942 1,014 1,060
YoY Growth (in %) 16.8 5.0 15 8 5
As percent of GDP 3.5 3.2 3 3 3
D. External Liabilities1 308 324 378 377 374
E. Domestic Liabilities2 470 492 564 637 687

Servicing During the Period


FY13 FY14 FY15 FY16 FY17P
Total Debt and Liabilities Servicing (III+IV+V) 1,539 1,768 1,702 1,611 1,877
YoY Growth (in %) 22.0 14.9 (4) (5) 16
As percent of GDP 6.9 .. 6 6 6
III. Principal Repayment of External Debt and Liabilities (a+b+c+d)3 490 585 355 321 467
(a) Government External debt and Liabilities 146 188 169 253 391
(b) Non-government External debt 52 62 62 62 75
(c) Country's Debt from IMF 282 325 124 5 -
(d) Monetary Authorities external Liabilities 10 10 - - -
IV. Interest Payment on debt (a+b+c) 996 1,134 1,286 1,240 1,367
(a) Government Domestic Debt 907 1,043 1,176 1,108 1,206
(b) PSE Debt NA NA - - -
(c) External Debt 89 91 110 132 161
Government External debt 68 74 95 112 129
Non-government External debt 12 11 11 14 23
Country's Debt from IMF 10 5 4 5 9
V. Interest Payment on Liabilities (a+b) 53 49 61 51 43
(a) External Liabilities 1 3 9 9 9
(b) Domestic Liabilities 52 47 52 42 34

Memorandum Item
Servicing (Principal) Short Term (Excluding item "c" given below) 49 46 75 93 218
a) Government External Debt 38 27 62 77 146
b) PSEs Non-Guaranteed Debt 11 16 7 6 4
c) Scheduled Banks Borrowing 2,539 2,910 3,735 5,266 8,666
Net Flows4 (13) 44 28 28 177
d) Private Non-Guaranteed Debt .. 2 6 11 68
GDP (current market price) 5 22,386 25,169 27,443 29,103 31,862
US Dollar, last day average exchange rates 99.1141 98.8088 101.7895 104.7619 104.8861
US Dollar, during the period average exchange rates 96.8606 102.8931 101.4522 104.3704 104.697
1. External liabilities include central bank deposits, SWAPS, Allocation of SDR and Non-resident LCY deposits Source: Statistics & Data Warehouse Department, SBP
with central bank.
2 .Includes borrowings from banks by provincial governments and PSEs for commodity operations.
3. As per the guidelines available in IMF's External Debt Guide for Compilers and Users 2003, the principal repayment of short term debt is excluded from over all principal
repayments. However, for the information of data users, short term repayment of principal has been reported as Memorandum Items. For details see link:
http://www.sbp.org.pk/departments/stats/Notice/Press%20Release-external%20debt-_Revised_.pdf
4. Net flows of short term borrowings by banks reflect the net increase (+) or decrease (-) in the stock of short term bank borrowings during the period.
5. PBS, GDP(mp) revised estimates for FY15, FY16 and FY17
Notes:
1. 1. SBP enhanced coverage & quality of external debt statistics w.e.f March 31, 2010. For revision study see link: http://www.sbp.org.pk/ecodata/Revision-EDS.pdf
2. Debt and liabilities show end-period outstanding stock positions and debt servicing reflects principal and interest payments during the period.
3. For conversion into Pak Rupees from US Dollars, last day average exchange rates prepared by Domestic Markets & Monetary Management Department have been used
for stocks and during the period average exchange rates for debt servicing.
4. YoY growth external debt and liabilities stocks and servicing is based on the corresponding last year end period stocks and during the period servicing, respectively.
5. As part of annual revision of IIP, data from Dec 31, 2015 to Mar 31, 2017 has been revised.

87
SBP Annual Report-Statistical Supplement FY 17

8.3 Outstanding Domestic Debt of Public Sector Enterprises (PSEs)


(Billion Rupees)
End Period Position
FY13 FY14 FY15 FY16 FY17P

PSEs debt and liabilities (I+II) 538 589 665 793 1,052

YOY Growth (in %) 12.8 9.4 13 19 33

As percent of GDP 2.4 2.3 2 3 3

I.PSEs debt 312 366 459 568 823

YOY Growth (in %) 11.1 17.3 25 24 45

As percent of GDP 1.4 1.5 2 2 3

Water and Power Development Authority (WAPDA) 9 21 19 56 81

Oil and Gas Development Corporation (OGDCL) 1 2 2 2 3

Pakistan International Airlines Corporation (PIA) 61 68 79 100 122

Pakistan Steel Mills Corporation 36 40 42 43 43

Other PSEs 205 236 317 367 573

II.PSEs Liabilities1 226 222 206 225 229


Memorandum Items
FY13 FY14 FY15R FY16R FY17P
GDP (mp) 2 22,386 25,169 27,443 29,103 31,862
1 This reflects PSEs borrowings from banks for commodity operations Source: Small & Medium Enterprises Finance Department, SBP

2 PBS, GDP(mp) revised estimates for FY15, FY16 and provisional for FY17
P: Provisional , R: Revised

88
Domestic and External Debt

8.4 Government Domestic Debt and Liabilities


(Billion Rupees)
End Period Position
Debt Instrument
FY13 FY14 FY15 FY16 FY17P

I. Permanent Debt (1+2+3) 2,175 3,999 5,008 5,936 5,528


1. Market Loans 3 3 3 3 3
Federal Government 3 3 3 3 3
3.00 % 1971 (Permanent) 3 3 3 3 3
Loans matured but not encashed .. .. .. .. ..
2. Federal Government Bonds 1,782 3,550 4,483 5,287 4,778
Under E.R.O. 1972 .. .. - - -
Compensation Bonds1 .. .. .. .. ..
Pakistan Engineering Company Ltd. 1 1 1 1 1
GOP Ijara Sukuk 3 Years 459 326 326 364 385
5.00 % Income Tax Bonds .. .. .. .. ..
Under Land Reforms 1977 .. .. .. .. ..
Govt. Bonds issued to SLIC (Capitalisation) 1 1 1 1 1
Special National Fund Bonds .. .. .. .. ..
2
Bearer National Fund Bonds .. .. .. .. ..
Federal Investment Bonds .. .. .. .. ..
Pakistan Investment Bonds (PIBs) 1,322 3,222 4,155 4,921 4,392
3. Prize Bonds 3 390 447 523 646 747
II. Floating Debt 5,195 4,599 4,609 5,002 6,551
Bai Muajjal4 .. .. .. 213 ..
Market Treasury Bills 2,920 1,747 2,149 2,771 4,082
MTBs for Replenishment of Cash 5 2,275 2,852 2,281 2,018 2,469
Outright Sale of MRTBs to Banks - - 179 - -
III. Unfunded Debt 2,147 2,304 2,570 2,684 2,765
Saving Schemes (Net of Prize Bonds) 2,006 2,156 2,417 2,527 2,631
Postal Life Insurance 67 67 67 67 46
GP Fund* 73 81 86 90 89
6
IV. Foreign Currency Loans 5 5 5 5 5
Foreign Exchange Bearer Certificate .. .. .. .. ..
FCBC 3 Years .. .. .. .. ..
US Dollar Bearer Certificates .. .. .. .. ..
FCBC 5 Years .. .. .. .. ..
Special US Dollar Bonds4 4 4 4 4 4
Domestic Debt (I+II+III+IV) 9,520 10,907 12,193 13,626 14,849
Government Domestic Liabilities7 244 270 358 411 457

Government Domestic Debt and Liabilities 9,815 11,244 12,551 14,037 15,306
Note: Source: Statistics & DWH Department, SBP
*Source: Ministry of Finance (Budget Wing)
1. For nationalised banks, petroleum, shipping and vegetable oil.
2. Include Rollover (I, II & III).
3. Include Premium Prize Bonds (Registred)
4. Includes Rs. 0.013 billion of Treasury Bills on Tap
5. Includes SBP BSC Tbills holding of Rs 0.509 Billion.
6. It includes FEBCs, FCBCs, DBCs and Special US Dollar Bonds held by the residents.
7. This reflects provincial governments borrowings from banks for commodity operations.

89
SBP Annual Report-Statistical Supplement FY 17

8.5 National Saving Schemes


(Outstanding Amount)
(End June: Billion Rupees)
2013 - 17 2013 2014 2015 2016 2017
Schemes
Average % Share Amount % Share Amount % Share Amount % Share Amount % Share Amount % Share

A. Accounts (i+ii / 1 to 5 ) 634.5 100.0 550.7 100.0 515.9 100.0 635.5 100.0 690.8 100.0 779.4 100.0
(i) National Saving Centers 490.5 77.3 429.6 78.0 383.6 74.4 489.6 77.0 534.9 77.4 614.8 78.9
(ii) Post Offices 144.0 22.7 121.0 22.0 132.3 25.6 145.9 23.0 156.0 22.6 164.6 21.1
1 Saving Accounts 27.3 4.3 22.3 4.0 22.6 4.4 26.4 4.2 30.2 4.4 34.9 4.5
2 Khas Deposit Accounts 0.3 0.0 0.3 0.1 0.3 0.1 0.3 .. 0.3 .. 0.3 0.0
3 Mahana Amdani Accounts 1.8 0.3 2.0 0.4 1.9 0.4 1.8 0.3 1.8 0.3 1.7 0.2
4 Special Saving Accounts 388.9 61.3 346.2 62.9 292.7 56.7 392.9 61.8 423.8 61.3 489.0 62.7
5 Pensioners Benefit Account 216.1 34.1 179.9 32.7 198.4 38.5 214.1 33.7 234.7 34.0 253.4 32.5

B. Certificates (i+ii+iii / 6 to 11) 1,712.8 100.0 1,455.4 100.0 1,640.1 100.0 1,781.7 100.0 1,835.6 100.0 1,851.1 100.0
(i) National Saving Centers 1,569.5 91.6 1,313.7 90.3 1,493.4 91.1 1,630.0 91.5 1,690.4 92.1 1,720.0 92.9
(ii) Post Offices 21.9 1.3 27.2 1.9 23.9 1.5 21.8 1.2 19.4 1.1 17.2 0.9
(iii) Banks 121.4 7.1 114.6 7.9 122.8 7.5 130.0 7.3 125.8 6.9 113.9 6.2
6 Defence Saving Certificates 298.3 17.4 271.7 18.7 284.7 17.4 300.8 16.9 308.9 16.8 325.5 17.6
7 Special Saving Certificates (Reg.) 442.8 25.8 388.2 26.7 445.8 27.2 474.3 26.6 472.4 25.7 433.1 23.4
8 Special Saving Certificates (Bearer) 0.3 0.0 0.3 0.0 0.3 0.0 0.3 .. 0.3 .. 0.3 0.0
9 Regular Income Certificates 332.5 19.4 262.6 18.0 325.4 19.8 376.0 21.1 359.8 19.6 338.8 18.3
10 Behbood Saving Certificate 636.1 37.1 528.4 36.3 582.4 35.5 628.3 35.3 692.1 37.7 749.5 40.5
11 Others* 2.8 0.2 4.3 0.3 1.6 0.1 2.0 0.1 2.2 0.1 4.0 0.2

C. National Savings Bonds (12 to 14) 0.1 100.0 0.2 100.0 0.2 100.0 0.1 100.0 0.1 100.0 0.1 100.0
12 3 Years - - - - - - - - - - - -
13 5 Years 0.0 27.1 0.1 50.0 0.1 50.0 - - - - - -
14 10 Years 0.1 72.9 0.1 50.0 0.1 50.0 0.1 100.0 0.1 100.0 0.1 100.0
D. Prize Bonds ( 15 to 23 )*** 549.9 100.0 389.6 100.0 446.6 100.0 522.5 100.0 646.4 100.0 744.2 100.0
15 Rs. 100/= 6.7 1.2 4.3 1.1 6.0 1.3 6.9 1.3 7.7 1.2 8.4 1.1
16 Rs. 200/= 22.8 4.2 20.2 5.2 21.2 4.7 22.4 4.3 24.1 3.7 26.3 3.5
17 Rs. 750/= 63.4 11.5 49.9 12.8 54.6 12.2 60.9 11.6 71.0 11.0 80.6 10.8
18 Rs. 1,500/= 71.5 13.0 56.0 14.4 62.5 14.0 70.7 13.5 82.5 12.8 86.0 11.6
19 Rs. 7,500/= 61.6 11.2 48.1 12.3 52.4 11.7 60.4 11.6 71.7 11.1 75.3 10.1
20 Rs. 15,000/= 98.7 17.9 70.7 18.1 79.6 17.8 91.1 17.4 112.3 17.4 139.6 18.8
21 Rs. 25,000/= 74.1 13.5 40.3 10.3 51.5 11.5 66.6 12.7 93.3 14.4 118.7 15.9
22 Rs. 40,000/= 151.8 27.6 99.1 25.4 117.9 26.4 142.8 27.3 183.0 28.3 216.0 29.0
23 Others** 0.9 0.2 0.9 0.2 0.9 0.2 0.9 0.2 0.9 0.1 0.9 0.1
E. Premium Prize Bonds (Reg.) (24) 0.6 100.0 2.9 100.0
24 Rs. 40,000 0.6 100.0 2.9 100.0

Total ( A+B+C+D+E) 2,897.9 2,395.8 2,602.8 2,939.9 3,173.0 3,377.8


Note: Total may differ due to rounding off

National Saving Schemes National Savings Schemes as Percent of GDP


Accounts Certificates National Saving Bonds Accounts Certificates
Prize Bonds Premium Prize Bonds Prize Bonds Premium Prize Bonds
3,500 Total
12.00
3,000
10.00
2,500
Billion Rs

8.00
2,000
Percent

6.00
1,500
4.00
1,000
500 2.00

0 -
FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17

90
Domestic and External Debt

8.5 National Saving Schemes


(Outstanding Amount)
(End Month: Billion Rupees)
FY 17
Scheme
Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun.
A. Accounts (i+ii / 1 to 5 ) 693.6 704.0 704.9 715.0 717.8 720.0 737.3 754.3 756.4 758.3 760.4 779.4
(i) National Saving Centers 537.2 545.8 546.4 555.9 557.5 559.3 575.7 592.1 594.2 596.3 598.7 614.8
(ii) Post Offices 156.4 158.2 158.5 159.1 160.4 160.7 161.7 162.3 162.1 162.0 161.7 164.6
1- Saving Accounts 29.8 30.4 30.4 30.7 31.2 31.2 31.7 32.1 31.8 32.0 31.5 34.9
2- Khas Deposit Accounts 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
3- Mahana Amdani Accounts 1.8 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.6 1.7
4- Special Saving Accounts 424.9 432.4 432.0 440.4 441.2 442.0 456.2 470.8 471.6 471.8 472.5 489.0
5- Pensioners Benefit Account 236.8 239.1 240.4 241.8 243.4 244.8 247.3 249.5 250.9 252.5 254.4 253.4
B. Certificates (i+ii+iii /6 to 11) 1,843.0 1,847.6 1,848.3 1,848.6 1,857.7 1,859.2 1,860.2 1,857.9 1,856.2 1,851.8 1,854.1 1,851.1
(i) National Saving Centers 1,698.5 1,703.6 1,704.6 1,705.6 1,715.3 1,717.5 1,720.2 1,720.1 1,719.9 1,717.3 1,721.6 1,720.0
(ii) Post Offices 19.2 18.9 18.8 18.6 18.4 18.2 18.1 17.9 17.6 17.5 17.4 17.2
(iii) Banks 125.3 125.0 124.9 124.4 124.0 123.4 121.9 119.9 118.7 117.0 115.2 113.9
6- Defence Saving Certificates 313.6 313.3 313.2 313.1 321.2 322.3 323.7 324.9 326.0 327.0 328.3 325.5
7- Special Saving Certificates (Reg.) 471.2 471.9 471.7 470.1 468.5 467.2 462.6 455.4 450.3 442.9 440.2 433.1
8- Special Saving Certificates (Bearer) 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
9- Regular Income Certificates 356.3 353.0 350.1 347.9 345.9 343.8 341.9 340.9 339.1 337.4 335.7 338.8
10- Behbood Saving Certificate 699.4 706.8 710.7 714.9 719.6 723.3 729.0 733.8 737.4 740.8 745.8 749.5
11- Others* 2.3 2.3 2.3 2.3 2.3 2.4 2.8 2.7 3.1 3.5 3.9 4.0
C. National Savings Bonds (12 to 13) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
12- 5 Years - - - - - - - - - - - -
13- 10 Years 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
D. Prize Bonds ( 14 to 22 )*** 654.5 668.8 681.2 687.9 697.6 707.2 713.0 720.1 728.8 731.7 738.3 744.2
14- Rs. 100 7.7 7.7 7.8 7.8 7.8 8.0 8.0 8.0 8.2 8.2 8.3 8.4
15- Rs. 200 24.5 24.6 24.4 24.9 24.9 24.8 25.3 25.3 25.3 25.8 25.9 25.8
16- Rs. 750 70.9 73.6 73.7 73.7 75.9 76.1 76.2 78.5 78.8 78.8 80.2 80.3
17- Rs.1,500 82.6 82.5 83.9 83.9 83.8 85.2 85.3 85.2 85.9 85.9 85.8 85.9
18- Rs. 7,500 71.9 74.1 74.1 74.2 74.8 74.8 74.9 75.3 75.2 75.1 75.4 75.3
19- Rs. 15,000 119.4 119.4 119.6 125.5 125.5 125.8 130.9 130.8 131.0 133.4 133.3 133.4
20- Rs. 25,000 93.5 102.5 102.5 102.6 109.0 109.0 109.2 113.3 113.3 113.4 118.3 118.2
21- Rs. 40,000 183.1 183.6 194.4 194.5 194.9 202.6 202.5 202.8 210.3 210.2 210.4 216.0
22- Others** 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9
E. Premium Prize Bonds (Registered) - - - - - - - - 0.8 2.0 2.5 2.9
27- Rs.40,000 - - - - - - - - 0.8 2.0 2.5 2.9
TOTAL ( A+B+C +D) 3,191.2 3,220.4 3,234.5 3,251.7 3,273.3 3,286.5 3,310.6 3,332.5 3,342.3 3,343.9 3,355.4 3,377.8
Source: Central Directorate of National Savings
*** State Bank of Pakistan
Notes : 1. National Saving Centers started sales of Saving Certificates from 1971-72
2. Khas Deposit Certificates and National Deposit Certificates were introduced in 1972-73 and discontinued w.e.f. 4-2-1990
3. Khas Deposit Accounts were introduced in 1974-75 and discontinued w.e.f. 4-2-1990
4. National Saving Centers started receiving Saving Deposit Accounts in 1974-75
5. Premium Saving Certificates were introduced from 1979-80 and discontinued from 1-7-1983
6. Mahana Amdani Accounts and Special Saving Accounts were introduced from March 1983
7. Special Saving Certificates (Registered and Bearer) and Special Saving Accounts were introduced w.e.f. 4-2-1990, SSC (Bearer) have been discontinued w.e.f 20-02-1997.
8. Regular Income Certificate were introduced w.e.f. 2-2-93
9. National Savings Bonds introduced w.e.f.11-01-2010
10. Prize Bond: Date of introduction of new denominations : Rs.15,000(1-10-1999) , Rs.750 (15-10-1999) ,Rs. 7,500 (1-11-1999) Rs.1,500 (15-11-1999) , Rs.40,000 (1-12-1999) ,Rs. 200 (15-12-1999 )
11. Pensioners Benefit Accounts introduced w.e.f Jan,2003
12. New Rs. 25,000 Bonds launched in February 2012.
13. New Rs. 100 Bonds launched in November 2012.
14.Totals may not tally due to separate rounding off
* It include National Deposit Certificates, Khas Deposit Certificates and Premium Saving Certificates
** It include Prize Bonds of Rs. 5 , Rs. 10 , Rs. 50 , Rs. 100 (Old) , Rs. 500, Rs. 1,000 , Rs. 5,000 , Rs. 10,000 and Rs. 25,000 (Old)

91
SBP Annual Report-Statistical Supplement FY 17

8.6 Rates of Profit on National Saving Schemes

( Percent per annum)


2015 2016 2017
SCHEME st 1st st st st st st 1st st
1 Jun 1 Oct 1 Dec 1 Feb 1 Apr 1 Jun 1 Oct 1st Feb
Aug Aug

1. Saving Accounts
(i) With cheque facilities 4.50 4.75 4.25 4.15 4.00 4.00 4.00 3.84 3.90 3.95
(ii) Without cheque facilities 4.50 4.75 4.25 4.15 4.00 4.00 4.00 3.84 3.90 3.95
2. Khas Deposit Accounts or Certificates1
3 Years (Rollover)
(i) First 5 periods of complete 6 months 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
(ii) Last period of complete 6 months 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
(iii) Three Years (Compound rate) 13.42 13.42 13.42 13.42 13.42 13.42 13.42 13.42 13.42 13.42
3. Mahana Amdani Accounts 2
(i) 1st year 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00
(ii) 2nd year 7.24 7.24 7.24 7.24 7.24 7.24 7.24 7.24 7.24 7.24
(iii) 3rd year 7.43 7.43 7.43 7.43 7.43 7.43 7.43 7.43 7.43 7.43
(iv) 4th year 7.79 7.79 7.79 7.79 7.79 7.79 7.79 7.79 7.79 7.79
(v) 5th year 8.45 8.45 8.45 8.45 8.45 8.45 8.45 8.45 8.45 8.45
(vi) 6th year 9.25 9.25 9.25 9.25 9.25 9.25 9.25 9.25 9.25 9.25
(vii) 7th year 10.41 10.41 10.41 10.41 10.41 10.41 10.41 10.41 10.41 10.41
(viii) Compound rate on maturity 10.41 10.41 10.41 10.41 10.41 10.41 10.41 10.41 10.41 10.41
4. Defence Saving Certificates3
(i) Ist year 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
(ii) 10 years(Compound rate) 8.68 9.15 8.87 8.68 8.40 7.80 7.70 7.33 7.44 7.54
5. National Deposit Certificates / Accounts4
(i) 1 year (Rollover) 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.0
6 (a) Special Saving Certificates (Reg) 5
or Special Saving Accounts
(i) First 5 periods of complete 6 months 6.80 7.40 6.80 6.40 6.00 6.00 6.00 5.80 5.80 6.00
(ii) Last period of complete 6 months 8.00 8.80 8.00 7.60 6.80 6.40 6.80 6.00 6.20 6.20
(b) Special Saving Certificates (Bearer)5
(i) First 4 periods of complete 6 months 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
(ii) Last 2 periods of complete 6 months 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00
7. Regular Income Certificates6 7.608 8.52 7.848 7.536 7.104 6.632 6.55 6.31 6.36 6.54
8. Pensioners Benefit Accounts7 10.56 11.04 10.80 10.56 10.32 9.60 9.60 9.12 9.36 9.36
9. Behbood Saving Certificate8 10.56 11.04 10.80 10.56 10.32 9.60 9.60 9.12 9.36 9.36
10. Short Term Saving Certificate9
(i) 3 Months 6.28 6.56 6.12 6.04 5.84 5.84 5.68 5.52 5.56 5.60
(ii) 6 Months 6.34 6.60 6.16 6.06 5.86 5.86 5.70 5.54 5.60 5.62
(iii) 1 year 6.38 6.65 6.20 6.08 5.88 5.88 5.72 5.56 5.62 5.64
Notes: Source: Central Directorate of National Savings
1. Khas Deposit Accounts or Certificates introduced w.e.f. 15-05-1973 and discontinued w.e.f. 04-02-1990. However the existing deposits maturing on or after 5-02-
1990 were allowed to rollover at 10% withholding tax at source upto 24-05-2000 vide Finance Divisions U.O.No. F.7 (1) AFA (DM)/96-726-727.
2. Mahana Amdani Accounts were introduced w.e.f. 02-03-1983 and discontinued from 17-03-2003.
3. Defence Saving Certificates introduced w.e.f. 08-11-1966.
4. National Deposit Accounts/ Certificates discontinued w.e.f. 01-03-1984 and w.e.f. 04-02-1990. Rollover facility have been provided to the existing deposits
maturing on and after 5-02-1990 at 13% pa subject to 10% withholding tax upto 24-05-2000 vide Finance Division U .O.No. referred above.
5. Special Saving Certificates/ Accounts (Registered / Bearer) have been introduced w.e.f. 4-02-1990. Withholding tax at 2% was levied on the value of certificates
purchased on and after 15-06-1995. Discontinued w.e.f.20-02-1997. Rates are quoted for outstanding amount as on today.
6. Regular Income certificates introduced w.e.f 02-02-1993.
7. Pensioners Benefit Accounts introduced w.e.f 20-01-2003.
8. The scheme has been introduced w.e.f 30-07-2003 specially for widows and senior citizens aged 60 years or above. Profit earned on deposits made in NSS except
PBA & BSC are liable to withholding tax as per rules.
9. Short Term Certificates (STSC) introduced w.e.f 1st July 2012

92
Domestic and External Debt

8.7 Grant Assistance Agreements Signed


(Central Government)
(Million US Dollars)
Item FY 13 FY 14 FY 15 FY 16 FY 17

I. Consortium including Outside


I. Consortium arrangements 1,366.6 421.1 646.4 549.8 853.6
1. ADB - - - 247.6 3.5
2. Canada - - - - -
3. Denmark - - - - -
4. Germany 13.1 20.8 9.0 56.8 1.1
5. Japan 28.4 19.2 79.7 38.1 10.7
6. Netherlands - - - - -
7. New Zealand - - - - -
8. Norway 12.4 - - - -
9. Sweden - - - - -
10. Australia - - - - -
11. Switzerland - - - - -
12. UK 1,173.3 - 534.4 43.0 49.8
13. USA (Outside Package) 70.0 150.0 - - 677.3
14. UN and Specialized Agencies - - - - -
15. UNDP Special Grant - - - - -
16. EEC 19.6 200.7 - 157.7 -
17. Italy - - - -
18. France 0.5 3.4 - 6.5 -
19. IDA 10.0 9.0 - - -
20. IBRD 39.5 18.1 23.4 - 111.2
21. IFAD - - 0.5 - -

II. Non Consortium 11.4 - 113.9 4.5 -


1. Austria - - - - -
2. China 11.4 - 113.9 4.5 -
3. Korea - - - - -
4. Spain - - - - -
5. Switzerland - - - - -
6. Others - - - - -
III. Islamic Countries - 26.7 - 54.1 10.3
1. Islamic Development Bank - - - 0.6 0.3
2. Iran - - - - -
3. UAE - - - - -
4. Oman - - - - -
5. Saudi Arabia - 26.7 - 53.5 -
6. Turkey - - - - 10.0
7. Others - - - - -

Total (I+II+III) 1,378.1 447.8 760.3 608.4 863.8

Relief Assistance for Afghan Refugees 4.2 2.4 1.0 1.3 1.1
Total 1,382.3 450.2 761.3 609.7 864.9
EEC/EU: European Economic Community/ European Union Source: Economic Affairs Division

93
SBP Annual Report-Statistical Supplement FY 17

8.8 Commitments & Disbursements of Loan and Grants by Type


(Central Government & Guaranteed Loans & Central Government Grants)
(Million US Dollars)
Non-Project Aid
Project Aid Earthquake Total
Plan/
Non-Food Food BOP Relief Rehabilitation
Year
Assistance
Commit- Disbur- Commit- Disbur- Commit- Disbur- Commit- Disbur- Commit- Disbur- Commit- Disbur- Commit- Disbur-
ments ments ments ments ments ments ments ments ments ments ments ments ments ments
5th Plan 4,659 3,363 987 950 413 306 531 531 643 643 - - 7,233 5,793
FY 79 1,064 599 190 213 55 50 86 86 - - - - 1,395 948
FY 80 1,002 808 121 161 55 21 419 419 61 61 - - 1,658 1,470
FY 81 591 676 182 103 73 66 16 16 111 111 - - 973 972
FY 82 887 536 320 174 110 89 10 10 293 293 - - 1,620 1,102
FY 83 1,115 744 174 299 120 80 - - 178 178 - - 1,587 1,301
th
6 Plan 9,132 4,882 1,234 791 807 776 - - 734 734 - - 11,907 7,183
FY 84 1,580 695 166 149 88 177 - - 155 155 - - 1,989 1,176
FY 85 1,804 903 161 125 196 79 - - 150 150 - - 2,311 1,257
FY 86 1,810 1,055 186 93 163 245 - - 135 135 - - 2,294 1,528
FY 87 2,035 1,006 331 205 130 57 - - 130 130 - - 2,626 1,398
FY 88 1,903 1,223 390 219 230 218 - - 164 164 - - 2,687 1,824
th
7 Plan 9,960 7,643 1,435 1,922 1,560 1,558 413 413 545 545 - - 13,913 12,081
FY 89 1,979 1,262 663 537 392 542 146 146 132 132 - - 3,312 2,619
FY 90 2,623 1,312 201 386 258 287 217 217 140 140 - - 3,439 2,342
FY 91 1,935 1,408 346 451 134 136 50 50 111 111 - - 2,576 2,156
FY 92 2,219 1,766 43 316 322 284 - - 105 105 - - 2,689 2,471
FY 93 1,204 1,895 182 232 454 309 - - 57 57 - - 1,897 2,493

8th Plan 8,882 9,564 62 61 1,986 1,923 1,161 1,139 61 61 - - 12,152 12,748
FY 94 1,822 1,961 - 15 329 251 411 303 19 19 - - 2,581 2,549
FY 95 2,714 2,079 3 23 279 258 - 211 29 29 - - 3,025 2,600
FY 96 2,219 2,151 57 21 395 383 - - 10 10 - - 2,681 2,565
FY 97 1,351 1,821 1 1 405 409 - - 2 2 - - 1,759 2,233
FY 98 776 1,552 1 1 578 622 750 625 1 1 - - 2,106 2,801

FY 99 1,382 1,620 - - 185 270 650 550 2 2 - - 2,219 2,442


FY 00 260 1,110 - - 403 191 - 125 2 2 - - 665 1,428
FY 01 193 919 - - - - 914 678 2 2 - - 1,109 1,599
FY 02 1,138 640 - - 41 31 2,288 1,624 21 21 - - 3,488 2,316
FY 03 803 702 - - 22 10 1,160 830 8 8 - - 1,993 1,550
FY 04 1,057 497 - - 12 - 943 741 5 4 - - 2,017 1,242
FY 05 1,965 706 - - - - 1,115 1,535 - - - - 3,080 2,241
FY 06 1,021 878 - - - - 1,330 1,070 - - 1,930 915 4,281 2,863
FY 07 963 865 - - - 12 2,285 2,007 - - 393 385 3,641 3,269
FY 08 1,607 697 - 957 1,513 548 869 3,112 3,079
FY 09 2,157 1,057 - 143 175 3,094 2,583 - - 6 191 5,400 4,006
FY 10 3,651 995 - - 100 100 1,067 1,170 1,274 621 79 207 6,171 3,093
FY 11a 2,384 932 - - - - 125 565 2,071 928 - 123 4,580 2,548
FY 12a 3,282 1,665 - - 100 73 1,135 697 103 510 - 97 4,620 3,042
FY 13a 1,848 2,140 - - 100 51 708 414 4 225 - 39 2,660 2,869
FY 14a 9,802 2,094 - - 125 80 5,019 4,464 2 133 9 70 14,957 6,840
FY 15a 1,869 2,872 - - - 10 2,524 2,912 1 1 1 4 4,394 5,798
FY 16a 13,050 2,411 43 .. - - 3,979 5,132 1 1 5 4 17,079 7,548
FY 17a 4,257 3,609 - - - - 7,813 7,072 - - 1.07 1.07 12,071 10,682

: IMF SAF Loan Source: Economic Affairs Division

a: Disbursements received under K.Lugar bill has been classified under project & non project aid on the basis of information available in EAD's Annual Status Report on
Commitments & Disbursements.

94
Domestic and External Debt

8.9 Total Loans and Credits Contracted


(Central Government & Guaranteed)
(Million US Dollars)
Lending Country/Agency FY 13 FY 14 FY 15 FY 16 FY 17

A. Consortium including Outside


Consortium arrangements 502.6 4,029.3 2,106.4 3,715.3 3,930.0
(a) Bilateral 88.9 159.9 - 200.7 137.8
1. Belgium - - - - -
2. Canada - - - - -
3. France 88.9 83.3 - 46.3 114.0
4. Germany - 27.3 - 44.6 -
5. Italy - - - - -
6. Japan - 49.3 - 109.8 23.8
7. Netherlands - - - - -
8. Norway - - - - -
9. Sweden - - - - -
10. NORDIC Investment Bank - - - - -
11. UK - - - - -
12. USA - - - - -

(b) Multilateral 413.7 3,869.4 2,106.4 3,514.6 3,792.2


1. IBRD - - 100.0 690.0
2. IDA 242.9 1,554.1 1,425.4 1,598.6 761.2
3. ADB 170.8 2,148.8 649.5 1,713.1 2,001.0
4. IFAD - - 31.6 67.9 -
5. EIB1 - 136.5 - - -
6. ECOTDB2 - 30.0 - 35.0 40.0
7. AIIB - - - - 300.0

B. Non-Consortium 448.0 6,493.8 37.7 9,468.7 805.7


1. Austria - - - -
2. Australia - - - -
3. China 448.0 6,493.8 37.7 9,422.7 729.4
4. Switzerland - - - - -
5. Spain - - - - -
6. Korea - - - 46.0 76.3

C. Islamic Countries 327.0 1,603.6 388.8 1,337.0 750.0


1. Malaysia - - - - -
2. Kuwait - - - - -
3. Saudi Arabia 100.0 282.8 - - -
4. OPEC Fund - 50.0 - - 50.0
5. Islamic Development Bank 227.0 1,270.9 388.8 1,337.0 700.0
6. Abu Dhabi Fund - - - - -
D. Commercial Banks - 372.5 100.1 1,448.0 4,720.0
E. Euro Bonds - 2,000.0 1,000.0 500.0 1,000.0
Total 1,277.6 14,499.2 3,633.1 16,468.9 11,205.7
1. European Investment Bank Source: Economic Affairs Division
2. The Economic Cooperation Organization Trade and Development Bank

95
SBP Annual Report-Statistical Supplement FY 17

8.10 Pakistan's External Debt and Liabilities


(Million US Dollars)
ITEM 30-Jun-13 30-Jun-14 30-Jun-15 30-Jun-16 30-Jun-17
A. Public debt (1+2+3) 51,245 54,742 54,674 61,357 66,103
1. Government debt 43,752 48,440 46,861 51,714 56,430
i) Long term(>1 year) 43,488 47,709 45,849 50,026 55,547
Paris club 13,548 13,607 11,664 12,678 11,973
Multilateral 24,198 25,826 24,262 26,376 27,605
Other bilateral 2,939 3,385 3,941 4,445 5,823
Euro/Sukuk global bonds 1,550 3,550 4,550 4,550 4,800
Military debt 71 36 - - -
Commercial loans/credits - 150 300 882 4,826
Local Currency Securities (PIBs) 2 16 32 35 -
Saudi fund for development. (SFD) 180 140 100 60 20
SAFE China deposits 1,000 1,000 1,000 1,000 500
NBP/BOC deposits - - - - -
ii) Short term (<1 year) 264 731 1,012 1,688 882
Multilateral* 256 443 983 1,112 832
Local Currency Securities (TBills) 8 116 29 1 51
Commercial loans/credits - 173 - 575 -
2. From IMF 4,387 3,020 4,103 6,043 6,109
i) Federal government 1,519 655 52 - -
ii) Central bank 2,868 2,366 4,051 6,043 6,109
3. Foreign exchange liabilities 3,106 3,281 3,709 3,600 3,564
i) Central bank deposits 800 700 700 700 700
ii) Foreign currency bonds (NHA / NC) - - - - -
iii) Other liabilities (SWAP) 814 1,045 1,612 1,507 1,482
iv) Allocation of SDR1 1,487 1,528 1,390 1,383 1,375
v) Nonresident LCY deposits with central bank 6 8 7 10 8
B. Public sector enterprises (PSEs) 1,848 2,063 2,482 2,807 2,706
a. Guaranteed debt 598 537 970 1,265 1,214
Paris club - - - - -
Multilateral 30 25 19 11 6
Other bilateral 568 512 951 1,254 1,208
Commercial loans - - - - -
Sandak metal bonds - - - - -
b. Non guaranteed debt 1,250 1,525 1,512 1,541 1,493
i) Long term(>1 year) 638 726 534 466 404
ii) Short term (<1 year) 612 799 978 1,075 1,089
C. Banks 1,554 1,989 2,286 2,695 4,507
a. Borrowing 710 1,080 1,334 1,618 3,291
i) Long term(>1 year) 76 33 10 19 19
i) Public sector - - - - -
ii) Private sector 76 33 10 19 19
ii) Short term (<1 year)2 634 1,046 1,324 1,599 3,272
i) Public sector 223 348 379 56 205
ii) Private sector 411 699 945 1,543 3,067
b. Nonresident deposits (LCY & FCY) 843 909 952 1,078 1,216
i) Public sector 53 54 42 33 32
ii) Private sector 790 855 910 1,044 1,185
D. Private Sector 3,143 3,076 3,011 4,073 6,416
a. Guaranteed debt - - - - -
b. Non guaranteed debt 3,143 3,076 3,011 4,073 6,416
i). Loans 1,990 1,934 1,959 3,132 5,424
i) Long term(>1 year) 1,972 1,923 1,855 2,902 5,099
ii) Short term (<1 year) 18 10 105 231 324
ii) Non-guaranteed bonds 124 12 12 12 12
iii) Trade credits 769 859 719 665 665
iv) Other debt liabilities3 260 271 320 264 316
E. Debt liabilities to direct investors - Intercompany debt 3,110 3,400 2,717 3,013 3,248
Total external debt & liabilities (A+B+C+D+E) 60,899 65,268 65,170 73,945 82,981
Public debt including PSEs (A+B+C.a.i.i+C.a.ii.i+C.b.i) 53,369 57,206 57,577 64,252 69,046
Official liquid reserves4 6,046 9,173 13,538 18,192 16,242
Source: For A.1 except local currency securities ( PIBs & Tbills), A.2-i and B.a, Economic Affairs Division, for rest State Bank of Pakistan.
1. Since Mar 2010 and onwards, Allocations of SDRs are recorded as foreign liability as per BPM6.
2. The stock of short term borrowings by banks as on June 30th, 2011 and onwards has been obtained from banks for each currency of transaction and converted into equivalent US$. Previously, it
was captured from data being reported by banks in equivalent Pak rupees.
3.Other debt liabilities of others sector in IIP statement. 4. Includes cash foreign currency and excludes CRR.
Notes: 1. SBP enhanced the coverage and quality of external debt statistics w.e.f March 31, 2010. For Revision study, see the link at :http://www.sbp.org.pk/ecodata/Revision-EDS.pdf
2. TBills-Treasury Bills, PIBs-Pakistan Investment Bonds, SAFE-State Administration of Foreign Exchange, NHA-National Highway Authority, NC-National Construction, LCY= Local
Currency, FCY=Foreign Currency
3. External debt statistics is revised w.e.f Sept, 2014 by incorporating the transaction made through offshore accounts. Detail of changes are available at following link:
http://www.sbp.org.pk/departments/stats/Notice/Rev-Study-External-Sector.pdf
4: As part of annual revision of IIP,data from 31-Dec-2015 to 31-Mar-2017 has been revised.

96
Domestic and External Debt

8.11 Outstanding Position of External Debt by Country


(Central Government & Guaranteed)
(Million US Dollars)
Country/ Institution 30-Jun-13 30-Jun-14 30-Jun-15 30-Jun-16 30-Jun-17

A. Total Long Term 42,464 44,645 42,238 46,707 51,961


Paris Club 13,548 13,606 11,664 12,678 11,973
Austria 54 51 38 34 31
Belgium 30 30 24 23 22
Canada 509 498 437 417 411
Finland 5 5 5 5 4
France 2,028 2,070 1,672 1,657 1,713
Germany 1,746 1,819 1,487 1,488 1,483
Italy 140 157 134 133 157
Japan 6,537 6,515 5,491 6,613 5,945
Korea 476 464 452 442 416
Netherlands 112 117 95 94 94
Norway 17 16 15 14 13
Russia 110 106 101 95 89
Spain 77 76 75 74 71
Sweden 139 133 127 120 112
Switzerland 110 113 105 97 94
U.K. 8 9 8 6 6
U.S.A. 1,451 1,427 1,399 1,368 1,313

Other Bilateral 4,687 5,036 5,992 6,759 7,551


China 4,063 4,481 5,496 6,329 7,209
Kuwait 139 145 143 184 182
Libya 5 5 4 4 4
Saudi Arabia 411 342 289 191 109
U.A.E. 69 64 59 52 46

Multilaterals 24,228 25,853 24,281 26,386 27,611


ADB 10,584 10,664 9,452 10,355 11,088
IBRD 1,426 1,376 1,211 1,218 1,296
IDA 11,119 12,697 12,453 13,510 13,840
EIB 37 30 19 11 6
IDB(Long Term) 796 795 849 953 989
IFAD 207 215 208 219 226
OPEC 35 53 71 69 86
Others 24 23 18 51 80

Commercial Loans - 150 300 883 4,826

B. Total Short Term 256 615 983 1,687 832


IDB 256 443 983 1,112 832
Commercial Loans - 173 - 575 -
Total (A+B) 42,720 45,260 43,221 48,394 52,792
Notes: Source: Economic Affairs Division
1. Total may differ due to rounding off
2. The amount of short term debt from IDB rolled over in Dec 2011 for more than one year has been reclassified under the category of Long term government debt from IDB in 2012
and 2013 .
3. SAFE China deposits and Saudi fund for development deposit have been separately identified in table 8.10 while included in other bilateral in FY10, FY11 FY12 and FY13 in this
table.
4. Commercial loans include $200 million and $ 100 million of NBP/BOC deposits in FY10 and FY 11 respectively.
5. Total long term excludes Euro/Sukuk bonds, local currency bonds, Military and IMF budgetary loans.

97
SBP Annual Report-Statistical Supplement FY 17

8.12 Disbursements of External Loans by Country


(Central Government & Guaranteed)
(Million US Dollars)
Country/ Institution FY 13 FY 14 FY 15 FY 16 FY 17
Paris Club 215.2 228.0 174.8 148.6 194.5
Australia - - - - -
Austria - - - - -
Belgium - - - - -
Canada - - - - 0.1
France 24.8 15.1 14.1 10.9 119.3
Germany 4.5 11.3 9.0 20.8 1.7
Italy 39.3 13.3 - - 22.2
Japan 128.4 183.9 147.6 116.7 51.1
Netherlands - - - - -
Norway - - - - -
Spain - - - - -
Sweden - - - - -
U.K. - - - - -
U.S.A. - - - - -
Korea 18.2 4.4 4.1 0.2 -
Other Bilateral 935.6 699.5 1,128.7 852.6 1,670.4
Bahrain - - - - -
China 843.5 594.5 1,088.9 795.6 1,594.3
Czechoslovakia - - - -
Kuwait 30.9 11.8 14.2 51.8 7.3
Libya - - - -
Saudi Arabia 61.2 93.3 25.6 5.2 68.9
Singapore - - - - -
Turkey - - - - -
U.A.E. - - - - -
Multilaterals 1,093.1 2,660.0 1,783.8 2,810.4 2,535.3
ADB 424.8 816.3 449.8 1,155.3 1,494.7
AIIB - - - - 26.5
IBRD 85.0 121.2 34.2 125.7 238.7
IDA 473.0 1,532.0 1,117.1 1,360.6 664.5
IFAD 5.4 9.4 15.6 17.4 13.0
IDB(Long Term) 96.6 163.5 144.6 113.8 88.6
OPEC 8.3 17.6 22.4 2.6 4.3
Nordic Development Fund - - - - -
Nordic Investment Bank - - - - -
EIB - - - - -
EU - - - - -
U.N.H.C.R - - - - -
ECOTB - - - 35.0 5.0
Commercial Banks - 150.0 50.0 808.0 3,717.9
Euro Bonds - 2,000.0 1,000.0 500.0 1,000.0

Total 2,244.0 5,737.5 4,137.2 5,119.6 9,118.1


Source: Economic Affairs Division
Note: The table pertains to disbursement of long term debt only.

98
Domestic and External Debt

8.13 Disbursement of Foreign Economic Assistance by Type


(Central Government & Guaranteed Loans & Central Government Grants)
(Million US Dollars)

Item FY 13 FY 14 FY 15 FY16 FY17

1. Long Term Assistance 2,574 6,159 4,573 5,716 9,507


Loans 2,207 5,676 4,062 5,081 9,049
Grants 367 483 511 635 458
i) Project 2,352 2,223 2,754 3,164 3,540
Loans 2,109 1,874 2,391 2,823 3,210
*
Grants 242 349 364 341 329
ii) Non-Project 222 3,936 1,819 2,551 5,967
Loans 97 3,802 1,672 2,258 5,839
*
Grants 125 134 147 293 129
a) Food 51 80 10 -
Loans 51 80 10 -
Grants - - - -
b) Non-Food 9 2 1 -
Loans 2 .. .. -
Grants 7 1 1 -
c) BOP/Cash 162 3,855 1,808 2,551 5,936
Loans 45 3,722 1,662 2,258 5,839
Grants 113 130 145 292 98
Afghan Refugees 4 2 1 1 1
d) Others - - - -
Loans - - - -
Grants - - - -
2.Earthquake Rehabilitation Assistance 39 70 79 39 70
Loans 37 61 75 39 69
Grants 2 9 4 - 1
3. Short Term Assistance 256 611 1,105 1,548 1,106
IDB 256 439 1,005 975 456
Commercial Loans - 173 100 573 650

Total Assistance (1+2+3) 2,869 6,840 5,757 7,303 10,683


Loans 2,500 6,349 5,242 6,668 10,224
Grants 370 492 515 635 459
Source: Economic Affairs Division
* Grant disbursements received under K. Lugar bill has been classified under project & non project aid on the basis of information available in EAD's
Annual Status Report on Commitments & Disbursements.

99
SBP Annual Report-Statistical Supplement FY 17

8.14 Disbursement of Foreign Private Debt By Economic Group


(Million US Dollars)
Economic Group FY13 FY14 FY15 FY16 FY17
Beverages - 20.0 32.4 14.0 -
Power 163.2 193.9 46.5 398.5 933.4
Cement - - - - -
Fertilizers - - - 11.0 -
Chemicals - - 0.7 10.3
Textiles 3.3 0.3 - - 1.5
Communications 26.9 14.8 35.9 10.5 -
Financial Business - - 2.5 11.5 -
Storage Facilities 11.9 - - 22.2 30.5
Oil and Gas Explorations 0.8 0.4 - - -
Paper and Pulp - - - - -
Petroleum Refining - - - - -
Personal Services - - - - -
Transport (PIA) - - - 158.2 154.1
Sugar - - - - -
Construction 1.3 3.5 - - -
Others 12.6 9.8 27.4 15.3 1,494.0
Total 220.0 242.7 145.4 641.2 2,624.0
Notes:- Source: Statistics & Data Warehouse Department, SBP
1. The table pertains to long term debt only excluding Intercompany debt from direct investors abroad.
2. Total may differ due to rounding off.

8.15 Outstanding Position of Foreign Private Debt By Economic Group


(Million US Dollars)
Economic Group 30-Jun-13 30-Jun-14 30-Jun-15 30-Jun-16 30-Jun-17
Beverages 60.0 80.0 113.5 34.3 28.6
Power 850.6 897.3 838.8 1,819.5 3,982.9
i) IPP 679.8 764.5 838.8 283.7 259.6
ii) Others 170.9 132.8 - 1,535.8 3,723.3
Cement 110.2 79.4 47.3 30.9 8.2
Fertilizers - - - 11.7 7.3
Chemicals 265.7 182.0 19.6 56.8 4.0
Textiles 79.2 73.7 47.5 39.8 42.1
Communications 573.3 428.9 560.8 476.7 425.4
Financial Business 76.4 33.0 10.4 19.4 19.6
Storage Facilities 48.5 42.2 36.3 49.3 74.0
Oil and Gas Explorations 25.2 28.8 21.9 19.0 18.2
Paper and Pulp - - -
Petroleum Refining - - - - -
Personal Services 0.7 - -
Transport (PIA) 637.7 689.0 534.1 466.0 403.6
Sugar - - -
Construction 19.8 23.2 53.4 33.6 33.6
Others 62.8 61.3 127.5 342.0 486.2

Total 2,810.1 2,618.7 2,411.1 3,399.0 5,533.6


Source: Statistics & Data Warehouse Department, SBP
Notes:
1. The table pertains to long term debt only excluding Intercompany debt from direct investors abroad.
2. Total may differ due to rounding off

100
Domestic and External Debt

8.16 Debt Servicing by Country


(Central Government & Guaranteed)
(Million US Dollars)
FY13 FY14 FY15 FY16 FY17
Country/Institution
Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest

Paris Club 177.0 287.2 190.9 283.4 194.8 249.6 220.6 243.6 412.0 241.9
Austria 3.7 3.0 4.9 3.0 3.8 2.3 3.8 2.0 4.0 1.7
Belgium 1.0 1.8 1.2 1.8 1.2 1.5 1.3 1.3 1.5 1.2
Canada 2.7 1.0 3.1 0.8 3.6 0.7 4.1 0.8 4.7 1.1
Finland 0.2 0.1 1.0 0.1 0.5 0.1 0.3 0.1 0.4 0.1
France 39.8 77.5 52.3 79.2 53.4 66.8 57.8 60.7 79.3 57.9
Germany 17.9 16.5 14.5 26.7 15.5 25.1 16.0 24.8 39.5 22.3
Italy 0.7 0.2 0.8 0.2 0.8 0.1 0.9 0.2 1.0 0.1
Japan 61.5 117.6 55.9 103.3 51.2 88.1 62.5 90.5 175.5 93.7
Korea 14.5 6.9 16.6 5.9 19.1 5.5 22.2 6.0 25.8 7.9
Netherlands 0.4 3.1 1.3 2.0 1.2 3.0 1.1 2.7 2.4 0.4
Norway 0.9 0.3 0.7 0.2 0.7 0.2 0.8 0.2 0.9 0.2
Russia 3.7 5.7 4.3 5.5 4.9 5.4 5.6 5.1 6.4 4.7
Spain 0.8 1.9 1.0 1.8 1.1 1.8 1.3 1.8 2.6 1.7
Sweden 4.7 1.6 5.4 1.2 6.1 1.1 7.0 1.3 8.1 1.9
Switzerland 2.9 1.2 3.4 3.9 3.7 1.1 4.1 1.0 5.2 0.9
U.K 0.3 0.2 0.3 0.1 0.4 0.1 0.4 0.1 0.4 0.1
U.S.A 21.3 48.6 24.2 47.7 27.6 46.7 31.4 45.0 54.3 46.0
Other Bilateral 193.4 88.7 334.4 119.6 299.9 151.6 297.1 151.7 894.8 216.6
Bahrain - - - - - - - - - -
China 105.1 79.9 156.9 106.0 163.6 140.6 170.4 141.5 712.3 205.0
Kuwait 8.1 2.8 7.1 3.1 7.6 3.1 10.3 3.2 9.4 3.8
Libya - - - - - - - - - -
Saudi Arabia 76.1 4.1 165.2 7.4 123.5 5.8 111.2 5.4 167.1 7.8
Singapore - - - - - - - - - -
Turkey - - 0.7 0.1 0.7 0.4 - - - -
U.A.E 4.1 1.9 4.5 3.0 4.5 1.7 5.2 1.6 6.0 -
Multilaterals 1,159.0 217.1 1,326.4 203.6 1,185.4 216.8 1,226.4 239.1 1,259.9 295.0
ADB 735.2 101.6 727.7 82.5 719.5 83.1 747.4 84.8 777.7 106.9
IBRD 162.7 13.8 165.6 8.1 157.3 5.9 147.3 8.0 128.8 13.4
IDA 222.6 92.8 236.3 96.1 256.4 113.1 263.4 125.4 278.9 151.1
IFAD 8.1 1.7 4.8 1.7 5.3 1.7 8.0 1.7 9.3 1.7
IDB 17.8 5.0 180.6 12.4 31.6 8.7 44.6 16.4 50.6 15.6
OPEC 3.0 0.8 3.0 1.2 4.5 1.6 6.4 2.0 6.1 2.4
Others 9.6 1.4 8.4 1.6 10.8 2.7 9.3 0.8 8.5 3.9

Grand Total 1,529.4 593.0 1,851.7 606.6 1,680.1 618.0 1,744.1 634.4 2,566.7 753.5
Source: Statistics & Data Warehouse Department SBP
1. Debt servicing of Development Funds have been added in respective countries in which their head offices are situated.
2. The table pertains only to long term debt servicing and excluding Euro/Sukuk bonds, commercial loans and NBP/BOC deposits.

101
SBP Annual Report-Statistical Supplement FY 17

8.17 Pakistan's External Debt Servicing -Principal


(Million US Dollars)
ITEM FY13 FY14 FY15 FY16 FY17
1. Public debt (a+b+c) 4,504 5,064 2,889 2,479 3,734
a. Government debt 1,505 1,834 1,663 2,426 3,734
Paris club 177 189 195 220 412
Multilateral 1,155 1,324 1,181 1,221 1,255
Other Bilateral 122 246 211 220 288
Euro/Sukuk global bonds - - - 500 750
Local Currency Securities (PIBs) - - - - -
Military 32 36 36 -
Commercial loans /credits - - - 225 489
Saudi fund for development.(SFD) 20 40 40 40 40
SAFE China deposits - - - - 500
NBP/BOC deposits - - - - -
b. To IMF 2,899 3,130 1,226 53 -
i. Federal government 363 900 564 53 -
ii. Central bank 2,536 2,229 661 - -
c) Foreign exchange liabilities 100 100 - - -
i. Central bank deposits 100 100 - - -
ii. Foreign currency loans /bonds (NHA/NC ) - - - - -
iii. Other liabilities (SWAP) - - - - -
2. PSEs guaranteed debt 24 17 17 43 72
Pasris Club - - - - -
Multilateral 5 5 5 5 5
Other bilateral 19 12 12 38 67
Commercial loans - - - - -
Sandak Metal Bonds - - - - -
3. PSEs non-guaranteed debt1 214 179 221 226 217
4. Scheduled banks' borrowing2 16 48 18 3 -
5. Private guaranteed debt - - - - -
6. Private non-guaranteed debt 287 239 354 325 431
7. Private non-guaranteed bonds - 112 - - -
Total Long Term (1+2+3+4+5+6+7) 5,046 5,659 3,499 3,076 4,454
Memorandum Items
Short Term Debt Servicing - Principal(Excluding Item No. 3 below)3 507 429 745 895 2,083
1.Government debt 390 256 612 735 1,393
Multilateral 390 256 439 735
Local Currency Securities (Tbills) - - - -
Commercial Loans/Credits - - 173 -
2. PSEs non-guaranteed debt1 116 151 64 56 43
3. Scheduled banks' borrowing2 26,293 28,559 36,798 50,427 82,680
Net Flows4 (134) 413 277 294 1,692
4. Private non-guaranteed debt 1 22 69 104 648
Rescheduled/Rollover 1,200 1,700 2,749 3,524 1200
SAFE China Deposits 500 1,000 1,000 1,000 500
Commercial loans /credits - - - - -
NBP/BOC - - - - -
IDB - - - 248 -
Central bank deposits 700 700 700 700 700
Other Liabilities (SWAP) - - 1,049 1,576 -
1
Data revised from Jul - Sep 09 due to enhanced coverage of PSEs. Source: Statistics & Data Warehouse Department SBP
2
Scheduled banks' debt servicing captured from Jul-Sep 09.
3
As per the guidelines available in IMF's External Debt Guide for Compilers and Users 2003, the principal repayment of short term debt is excluded
from over all principal repayments. However, for the information of data users, short term repayment of principle has been reported as
Memorandum Items. For details see link: http://www.sbp.org.pk/departments/stats/Notice/Notice-17-May-2012.pdf
4
Net flows of short term borrowings by banks reflect the net increase (+) or decrease (-) in the stock of short term bank borrowings during the
period.
Note:
1. Tbills-Treasury Bills, PIBs-Pakistan Investment Bonds, NHA-National Highway Authority, NC-National Construction.

102
Domestic and External Debt

8.18 Pakistan's External Debt Servicing-Interest


(Million US Dollars)
ITEM FY13 FY14 FY15 FY16 FY17
1. Public debt (a+b+c) 812 799 1,064 1,214 1,400
a. Government debt 700 723 936 1,076 1,227
i. Long term (> 1 year ) 689 707 914 1,007 1,169
Paris club 287 283 249 244 242
Multilateral 217 204 219 240 295
Other Bilateral 56 91 131 126 189
Euro/Sukuk global bonds 111 111 300 354 366
Local Currency Securities (PIBs) - - - - -
Military 4 2 1 - -
Commercial loans /credits - 4 9 33 66
Saudi fund for development.(SFD) .. .. .. .. ..
SAFE China deposits 14 12 4 10 10
NBP/BOC deposits - - - - -
ii. Short-term (< I year ) 11 16 22 69 58
Commercial Loans /Credits 11 14 19 47 7
IDB - 2 4 22 51
Local Currency Securities (TBills) - - - -
b. To IMF 100 52 39 51 86
i. Federal government 24 12 4 .. -
ii. Central bank (Including Interest on SDR Allocation) 77 40 34 50 86
c. Foreign exchange liabilities 12 24 90 87 87
i. Central bank deposits 12 9 7 8 11
ii. Foreign currency loans /bonds (NHA/NC ) - - - - -
iii. Other liabilities (SWAP) - 16 83 80 76
2. PSEs guaranteed debt 15 14 15 15 18
Pasris Club - - - - -
Multilateral .. .. .. .. ..
Other bilateral 14 14 15 15 18
Commercial loans - - - - -
Sandak Metal Bonds - - - - -
3. PSEs non-guaranteed debt1 28 23 21 19 17
i. Long term (> 1 year ) 24 20 20 18 17
ii. Short term (< 1 year ) 4 2 1 1 ..
4. Scheduled banks' borrowing2 1 9 8 8 23
i. Long term (> 1 year ) 1 1 .. - -
ii. Short term (< 1 year ) 1 8 8 8 23
5. Private guaranteed debt - - - - -
6. Private non-guaranteed debt 67 59 65 90 161
i. Long term (> 1 year ) 67 59 65 89 153
ii. Short term (< 1 year ) .. - - 1 9
7. Private non-guaranteed bonds 10 5 - - -
Total external liabilities servicing (1+2+3+4+5+6+7) 933 909 1,173 1,345 1,620
Source: Statistics & Data Warehouse Department SBP
1
Data revised from Jul - Sep 09 due to enhanced coverage of PSEs.
2
Scheduled banks' debt servicing captured from Jul-Sep 09.
Note:
1. TBills-Treasury Bills, PIBs-Pakistan Investment Bonds, NHA-National Highway Authority, NC-National Construction.

103
SBP Annual Report-Statistical Supplement FY 17

9.1 Exchange Rates - Authorised Dealers


Pak Rupees per Currency Unit

FY 13 FY 14 FY 15 FY 16 FY 17
Currency
Average End Period Average End Period Average End Period Average End Period Average End Period

Australian Dollar 99.2813 91.5829 94.4043 92.8272 84.6706 77.9864 75.8551 77.8148 78.9703 80.6224
Bahraini Dinar 256.6741 262.5995 273.0504 261.4444 268.7366 268.8304 275.5166 276.4479 276.8340 276.8588
Canadian Dollar 96.3207 94.4811 96.1939 92.3823 86.6031 81.9683 78.6541 80.7808 78.9236 80.6917
Chinese Yuan 15.5063 16.0942 16.7639 15.8634 16.3639 16.3989 16.1983 15.7689 15.4059 15.5275
Danish Krone 16.7973 17.3346 18.7105 18.0379 16.3418 15.2661 15.5273 15.6350 15.3577 16.1333
Hong Kong Dollar 12.4764 12.7597 13.2668 12.7201 13.0664 13.1269 13.4416 13.5000 13.5015 13.4513
Japanese Yen 1.1116 1.0001 1.0180 0.9731 0.8865 0.8324 0.8959 1.0183 0.9611 0.9363
Kuwaiti Dinar 342.4219 347.2042 364.0262 350.3229 346.1203 337.0809 345.2872 346.8126 345.0024 345.9516
Malaysian Ringgit 31.3927 31.1602 31.6823 30.6703 29.3817 26.9198 25.2457 26.0455 24.4675 24.4323
New Zealand Dollar 79.4913 77.2068 85.3828 86.2663 78.7334 69.2292 69.5939 74.3184 74.6007 76.8312
Norwegian Krone 16.8037 16.4015 17.0596 16.0721 14.2794 12.9142 12.4110 12.4763 12.4644 12.5278
Omani Riyal 251.3383 257.1463 267.3804 256.0323 263.3400 264.3713 270.9150 272.0095 272.1248 272.1538
Qatari Riyal 26.5899 27.2108 28.2861 27.1030 27.8548 27.9525 28.6560 28.7715 28.7657 28.0803
Saudi Arabian Riyal 25.8099 26.3936 27.4313 26.2900 27.0040 27.1264 27.7996 27.9086 27.9260 27.9514
Singaporean Dollar 78.0767 78.2415 81.6310 78.9289 77.3079 75.5180 74.9776 77.5632 75.1927 76.0806
Swedish Krona 14.6811 14.7247 15.7629 14.6263 13.1103 12.3429 12.4006 12.3758 11.8827 12.4033
Swiss Franc 102.7673 104.7696 113.7726 110.6436 107.4720 109.5548 106.3904 106.7277 105.5866 109.4858
UAE Dirham 26.3384 26.9392 28.0070 26.8484 27.5787 27.6992 28.3865 28.4986 28.5170 28.5400
UK Pound Sterling 151.5965 150.9239 167.2207 167.7302 159.4351 159.8519 154.4878 140.1778 132.7123 136.2635
US Dollar 96.7272 98.9093 102.8591 98.6524 101.2947 101.7259 104.2351 104.6490 104.6971 104.7907
EMU Euro 125.1227 129.1644 139.4950 134.4675 121.6726 113.6696 115.6294 116.0838 114.0341 119.7674
SDR 147.2259 149.0640 158.0043 152.7480 146.9546 143.1560 145.8809 146.2270 143.8126 145.8610

Appreciation / Depreciation ( %) of Pak Rupee

Australian Dollar -7.44 4.69 5.17 -1.34 11.50 19.03 11.62 0.22 -3.94 -3.48
Bahraini Dinar -7.72 -4.55 -6.00 0.44 1.61 -2.75 -2.46 -2.76 -0.48 -0.15
Canadian Dollar -7.74 -2.65 0.13 2.27 11.07 12.70 10.11 1.47 -0.34 0.11
Chinese Yuan -9.39 -7.59 -7.50 1.45 2.44 -3.27 1.02 4.00 5.14 1.55
Danish Krone -4.57 -7.81 -10.23 -3.90 14.49 18.16 5.25 -2.36 1.10 -3.09
Hong Kong Dollar -8.01 -4.57 -5.96 0.31 1.53 -3.10 -2.79 -2.76 -0.44 0.36
Japanese Yen 2.12 19.01 9.19 2.77 14.83 16.91 -1.05 -18.26 -6.78 8.76
Kuwaiti Dinar -5.87 -2.74 -5.93 -0.89 5.17 3.93 0.24 -2.81 0.08 0.25
Malaysian Ringgit -7.90 -4.77 -0.91 1.60 7.83 13.93 16.38 3.36 3.18 6.60
New Zealand Dollar -9.84 -2.72 -6.90 -10.50 8.45 24.61 13.13 -6.85 -6.71 -3.27
Norwegian Krone -7.52 -3.99 -1.50 2.05 19.47 24.45 15.05 3.51 -0.43 -0.41
Omani Riyal -7.74 -4.56 -6.00 0.44 1.53 -3.15 -2.80 -2.81 -0.44 -0.05
Qatari Riyal -7.79 -4.54 -6.00 0.40 1.55 -3.04 -2.80 -2.85 -0.38 2.46
Saudi Arabian Riyal -7.81 -4.54 -5.91 0.39 1.58 -3.08 -2.86 -2.80 -0.45 -0.15
Singaporean Dollar -9.37 -5.17 -4.35 -0.87 5.59 4.52 3.11 -2.64 -0.29 1.95
Swedish Krona -9.63 -7.93 -6.86 0.67 20.23 18.50 5.72 -0.27 4.36 -0.22
Swiss Franc -3.30 -5.61 -9.67 -5.31 5.86 0.99 1.02 2.65 0.76 -2.52
UAE Dirham -7.78 -4.53 -5.96 0.34 1.55 -3.07 -2.85 -2.80 -0.46 -0.14
UK Pound Sterling -6.90 -2.38 -9.34 -10.02 4.88 4.93 3.20 14.04 16.41 2.87
US Dollar -7.74 -4.54 -5.96 0.26 1.54 -3.02 -2.82 -2.79 -0.44 -0.14
EMU Euro -4.73 -8.14 -10.30 -3.94 14.65 18.30 5.23 -2.08 1.40 -3.08
SDR -5.63 -3.66 -6.82 -2.41 7.52 6.70 0.74 -2.10 1.44 0.47

Note: The Exchange rates are mid points of T.T. buying and selling except SDR. Source: Statistics & Data Warehouse Department, SBP
+ indicates appreciation, - indicates depreciation

106
External Sector

9.1 Exchange Rates - Authorised Dealers


Pak Rupees Per Currency Unit

FY 17
Currency
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Average
Australian Dollar 78.9496 79.7805 79.5079 79.7425 78.9017 76.8798 78.1217 80.2482 79.7915 78.9222 77.7707 79.0266
Bahraini Dinar 276.7677 276.6123 276.4616 276.5944 276.8458 276.9317 276.9875 276.9211 277.0067 277.0027 276.9600 276.9160
Canadian Dollar 80.2436 80.5021 79.9258 79.0004 77.8457 78.3961 79.3028 79.9560 78.2678 78.0739 76.9465 78.6222
Chinese Yuan 15.6970 15.7478 15.6827 15.5627 15.3250 15.1496 15.2376 15.2874 15.2348 15.2587 15.2464 15.4413
Danish Krone 15.5827 15.7718 15.7541 15.5163 15.2315 14.8663 14.9905 15.0168 15.0629 15.1013 15.5630 15.8345
Hong Kong Dollar 13.5206 13.5042 13.4948 13.5020 13.5149 13.5139 13.5206 13.5126 13.5042 13.4990 13.4727 13.4585
Japanese Yen 0.9991 1.0326 1.0259 1.0081 0.9699 0.9029 0.9116 0.9261 0.9263 0.9518 0.9327 0.9460
Kuwaiti Dinar 346.8986 347.2254 347.0303 346.1479 344.9733 343.0494 343.2073 343.4367 343.4940 344.0251 344.8168 345.7245
Malaysian Ringgit 26.0779 25.9973 25.4625 25.0709 24.1891 23.4912 23.5153 23.5817 23.6159 23.7913 24.2836 24.5330
New Zealand Dollar 74.5121 75.6417 76.4787 74.9841 74.8741 73.6750 74.6299 75.6805 73.3931 73.1208 72.6591 75.5587
Norwegian Krone 12.3707 12.6107 12.7596 12.8408 12.4766 12.2478 12.3873 12.6033 12.3396 12.2195 12.3180 12.3987
Omani Riyal 272.2500 271.9319 271.7148 271.8858 272.1148 272.1712 272.2436 272.1750 272.2607 272.2405 272.2231 272.2858
Qatari Riyal 28.7945 28.7645 28.7395 28.7573 28.7832 28.7865 28.7941 28.7852 28.7930 28.7934 28.7907 28.6060
Saudi Arabian Riyal 27.9392 27.9069 27.8806 27.8992 27.9250 27.9305 27.9353 27.9338 27.9390 27.9398 27.9372 27.9455
Singaporean Dollar 77.4954 77.6355 76.9350 75.5809 74.2481 72.9163 73.3116 74.0025 74.4986 74.9231 75.0362 75.7292
Swedish Krona 12.2276 12.3616 12.2583 11.9003 11.4982 11.3762 11.7160 11.7869 11.7498 11.7064 11.9308 12.0796
Swiss Franc 106.4343 107.7394 107.2997 105.9969 105.2422 102.6806 103.8624 104.5856 104.4192 104.6165 105.9773 108.1856
UAE Dirham 28.5292 28.4942 28.4735 28.4907 28.5165 28.5255 28.5278 28.5252 28.5297 28.5296 28.5272 28.5350
UK Pound Sterling 138.0239 137.0524 137.3004 129.1795 130.0219 130.5820 129.0920 130.7510 129.0549 132.1295 135.2891 134.0711
US Dollar 104.7388 104.6221 104.5396 104.5985 104.6935 104.7248 104.7301 104.7204 104.7417 104.7474 104.7381 104.7702
EMU Euro 115.7117 117.1628 117.0793 115.2397 113.1116 110.3385 111.2553 111.4325 111.7889 112.1215 115.5902 117.5776
SDR 145.8591 146.5556 146.3971 144.6019 143.3042 141.2250 141.7133 142.0826 142.0691 142.7229 144.2082 145.0127

End Month

Australian Dollar 78.8641 78.7551 79.7750 79.6947 78.2641 75.7144 79.2573 80.4716 80.0385 78.2148 78.0159 80.6224
Bahraini Dinar 276.9120 276.8423 276.5549 276.8376 276.9924 276.6877 277.0126 277.0091 277.0191 276.7864 277.0154 276.8588
Canadian Dollar 79.6564 79.9937 79.5422 78.1212 77.9229 77.6416 79.9928 79.4582 78.5120 76.7465 77.8240 80.6917
Chinese Yuan 15.7640 15.6931 15.7020 15.4811 15.2241 15.0740 15.2661 15.2978 15.2291 15.2477 15.3605 15.5275
Danish Krone 15.6259 15.7062 15.7564 15.4582 14.9823 14.8447 15.0853 14.9369 15.0503 15.3095 15.7517 16.1333
Hong Kong Dollar 13.5216 13.5152 13.5035 13.5199 13.5213 13.5169 13.5185 13.5121 13.4962 13.4823 13.4613 13.4513
Japanese Yen 1.0112 1.0163 1.0321 0.9989 0.9295 0.8964 0.9228 0.9302 0.9347 0.9418 0.9428 0.9363
Kuwaiti Dinar 346.7784 347.1578 347.3826 345.6836 343.6990 342.1786 343.8608 343.3680 344.1371 344.2861 345.4553 345.9516
Malaysian Ringgit 25.8691 25.8723 25.2594 24.9365 23.4737 23.3654 23.6683 23.5863 23.6861 24.0964 24.5178 24.4323
New Zealand Dollar 74.4395 75.9096 76.0093 74.9261 74.8097 72.9453 76.3828 75.3219 73.1756 72.0055 74.2589 76.8312
Norwegian Krone 12.2706 12.5948 13.0032 12.6933 12.2901 12.1575 12.6226 12.5359 12.2300 12.2389 12.4184 12.5278
Omani Riyal 272.2320 272.1152 271.7946 272.1601 272.2250 271.8182 272.2616 272.2120 272.2691 272.0270 272.2946 272.1538
Qatari Riyal 28.7904 28.7844 28.7459 28.7855 28.7867 28.7573 28.7934 28.7913 28.7951 28.7707 28.7944 28.0803
Saudi Arabian Riyal 27.9360 27.9288 27.8665 27.9324 27.9339 27.9171 27.9406 27.9416 27.9404 27.9264 27.9360 27.9514
Singaporean Dollar 77.6599 76.8050 76.6193 75.2336 73.4907 72.3730 73.8020 74.6114 74.9292 74.9743 75.6308 76.0806
Swedish Krone 12.1518 12.2949 12.2084 11.6228 11.4076 11.5162 11.8780 11.5736 11.7211 11.8584 12.0117 12.4033
Swiss Franc 107.0103 106.5031 108.2360 105.9728 103.3433 102.5766 105.2612 103.8810 104.6070 105.2410 107.3393 109.4858
UAE Dirham 28.5310 28.5177 28.4911 28.5220 28.5268 28.5134 28.5317 28.5326 28.5285 28.5159 28.5320 28.5400
UK Pound Sterling 138.0374 137.1387 135.5449 127.5311 130.6016 128.4723 130.9631 130.1453 130.6472 135.0723 134.2494 136.2635
US Dollar 104.7381 104.7110 104.6026 104.7123 104.7303 104.6927 104.7437 104.7447 104.7437 104.7073 104.7593 104.7907
EMU Euro 116.0318 116.7291 117.2150 114.7604 111.2648 110.1211 111.9795 110.8253 111.7469 113.7157 117.0027 119.7674
SDR 146.0950 146.1450 146.1420 144.0350 141.9410 140.9030 142.4950 141.9580 142.2720 143.6810 145.1660 145.8610

Note: The Exchange rates are mid points of T.T. buying and selling except SDR. Source: Statistics & Data Warehouse Department, SBP

107
SBP Annual Report-Statistical Supplement FY 17

9.2 Indices of Nominal Effective Exchange Rate (NEER) and Real


Effective Exchange Rate (REER) of Pak Rupee (Average)
(Base 2005 = 100)

NEER REER
Period
Index % Changes Index % Changes

FY 12 93.0488 (4.2792) 104.5912 3.0237

FY 13 87.3543 (6.1199) 103.1498 (1.3781)

FY 14 82.8628 (5.1417) 104.1219 0.9424

FY 15 89.2771 7.7408 115.6041 11.0276

FY 16 91.9345 2.9766 120.9241 4.6020

FY 17 93.0132 1.1733 125.1462 3.4915

2015 Jul 92.9237 1.0129 121.5842 1.4355

Aug 93.3048 0.4101 122.2542 0.5511

Sep 91.9056 (1.4995) 120.0421 (1.8094)

Oct 91.1577 (0.8138) 119.5611 (0.4007)

Nov 91.7681 0.6697 121.2388 1.4032

Dec 92.5797 0.8844 121.6891 0.3714

2016 Jan 93.2670 0.7424 123.2322 1.2681

Feb 92.5413 (0.7781) 121.4621 (1.4364)

Mar 91.6575 (0.9550) 120.0639 (1.1511)

Apr 90.4011 (1.3707) 120.0821 0.0151

May 90.7199 0.3526 119.2378 (0.7030)

Jun 90.9880 0.2955 120.6422 1.1778

Jul 91.4780 0.5385 122.8587 1.8530

Aug 90.9374 (0.5910) 121.7939 (0.8667)

Sep 91.1383 0.2210 121.8231 0.0240

Oct 92.2044 1.1698 123.9441 1.7411

Nov 93.4795 1.3828 125.9629 1.6288

Dec 95.1015 1.7352 127.1001 0.9028

2017 Jan 94.8811 (0.2317) 126.8968 (0.1600)

Feb 94.1687 (0.7509) 125.9163 (0.7727)

Mar 94.1160 (0.0560) 126.6728 0.6008

Apr 93.6063 (0.5415) 127.4401 0.6057

May 92.8715 (0.7850) 126.4332 (0.7900)

Jun 92.1759 (0.7490) 124.9124 (1.2029)


Source: Statistics & DWH Department, SBP
Note: 1. An increase in REER Index indicate real appreciation of Pak rupee against the basket of currencies and vice versa.
2. Annual/monthly data indicates annual/month average for the respective fiscal year and month

108
External Sector

9.3 Monthly Average Exchange Rates Kerb Market


Pak Rupees per Currency Unit

US Dollar EMU Euro UK Pound Sterling


Period
Bid Offer Bid Offer Bid Offer

FY 16

Jul 102.78 103.05 112.57 113.07 158.85 159.35

Aug 103.75 104.03 114.93 115.43 160.78 161.28

Sep 104.49 104.76 116.51 117.01 159.60 160.10

Oct 104.70 104.97 117.05 117.55 159.76 160.28

Nov 105.98 106.29 114.17 114.67 161.11 161.63

Dec 106.12 106.58 114.98 115.49 159.09 159.59

Jan 105.25 106.55 115.56 116.06 154.51 155.01

Feb 106.00 106.28 117.11 117.61 152.13 152.63

Mar 105.58 105.85 116.77 117.27 149.82 150.32

Apr 105.22 105.51 118.63 119.13 149.85 150.35

May 105.09 105.39 118.72 119.22 152.48 152.98

Jun 104.88 105.18 117.50 118.00 149.83 150.42

FY 17

Jul 105.43 105.73 116.19 116.69 140.58 141.58

Aug 106.01 106.31 118.32 118.82 138.83 139.83

Sep 105.09 105.39 116.88 117.38 137.21 138.21

Oct 105.48 105.78 116.17 116.66 130.56 131.55

Nov 106.65 106.95 115.50 116.00 132.20 133.20

Dec 107.74 108.04 113.68 114.20 133.90 134.90

Jan 108.04 108.34 114.55 115.05 132.93 133.94

Feb 107.40 107.70 114.21 114.71 133.66 134.66

Mar 106.55 106.85 113.59 114.09 130.96 131.96

Apr 106.05 106.35 113.24 113.74 132.87 133.87

May 105.84 106.14 116.58 117.08 136.13 137.13

Jun 105.94 106.24 118.73 119.23 135.61 136.61


Source: Exchange Companies Association of Pakistan

109
SBP Annual Report-Statistical Supplement FY 17

9.4 Pakistan's Balance of Payments


(Million US Dollars)
FY15 R FY16 R FY17 P
I T E MS
Credit Debit Net Credit Debit Net Credit Debit Net
1. Current Account (A+B+C) 52,917 55,712 (2,795) 51,336 56,203 (4,867) 51,260 63,380 (12,120)
A. Goods and services (a+b) 29,968 50,205 (20,237) 27,431 50,120 (22,689) 27,239 57,772 (30,533)
a. Goods 24,090 41,357 (17,267) 21,972 41,255 (19,283) 21,686 48,582 (26,896)
1. General merchandise 24,077 41,357 (17,280) 21,963 41,255 (19,292) 21,671 48,582 (26,911)
2. Net exports of goods under merchanting (only export) 13 ... 13 9 ... 9 15 ... 15
3. Nonmonetary gold - - - - - - - - -
b. Services 5,878 8,848 (2,970) 5,459 8,865 (3,406) 5,553 9,190 (3,637)
1. Manufacturing services on physical inputs owned by others - - - - - - - - -
2 Maintenance and repair services n.i.e. 7 87 (80) 2 100 (98) 7 77 (70)
3 Transport 1,317 4,160 (2,843) 1,125 3,286 (2,161) 1,004 3,638 (2,634)
4 Travel 301 1,518 (1,217) 323 1,839 (1,516) 322 1,760 (1,438)
5 Construction 45 4 41 42 67 (25) 72 25 47
6 Insurance and pension services 68 263 (195) 52 255 (203) 102 235 (133)
7 Financial services 106 228 (122) 111 204 (93) 131 250 (119)
8 Charges for the use of intellectual property n.i.e. 5 159 (154) 20 183 (163) 8 218 (210)
9 Telecommunications, computer, and information services 821 396 425 789 377 412 939 384 555
10 Other business services 819 1,411 (592) 1,019 2,075 (1,056) 1,153 1,970 (817)
11 Personal, cultural, and recreational services 8 9 (1) 29 8 21 21 14 7
12 Government goods and services n.i.e. 2,381 613 1,768 1,947 471 1,476 1,794 619 1,175
B. Primary Income 644 5,243 (4,599) 608 5,955 (5,347) 664 5,419 (4,755)
1. Compensation of employees 41 2 39 71 14 57 83 14 69
2. Investment income 603 5,241 (4,638) 537 5,941 (5,404) 581 5,405 (4,824)
2.1 Direct investment 19 3,327 (3,308) 21 3,807 (3,786) 35 3,007 (2,972)
2.1.1 Investment income on equity and investment fund shares 19 3,315 (3,296) 21 3,800 (3,779) 35 2,994 (2,959)
2.1.2 Interest - 12 (12) - 7 (7) - 13 (13)
2.2 Portfolio investment 246 852 (606) 315 1,017 (702) 302 937 (635)
2.2.1 Investment income on equity and investment fund shares 1 309 (308) 9 401 (392) 4 377 (373)
2.2.2 Interest 245 543 (298) 306 616 (310) 298 560 (262)
2.3 Other investment 322 1,062 (740) 162 1,117 (955) 149 1,461 (1,312)
2.3.1 Withdrawals from income of quasi corporations - - - - - - - - -
2.3.2 Interest 322 1,062 (740) 162 1,117 (955) 149 1,461 (1,312)
2.3.3 Investment income attributable to policyholders in
- - - - - - - - -
insurance, pension fund
2.4 Reserve assets 16 ... 16 39 ... 39 95 ... 95
3. Other primary income - - - - - - - - -
C. Secondary Income 22,305 264 22,041 23,297 128 23,169 23,357 189 23,168
1. General government 340 14 326 614 30 584 537 31 506
2. Financial corporations, nonfinancial corporations,
21,965 250 21,715 22,683 98 22,585 22,820 158 22,662
households, and NPISHs

2. Capital account 375 - 375 279 6 273 337 - 337


1. Gross acquisitions (DR.)/disposals (CR.) of non-produced
- - - - - - - - -
nonfinancial assets
2. Capital transfers 375 - 375 279 6 273 337 - 337
2.1 General government 364 - 364 268 6 262 331 - 331
2.1.1 Debt forgiveness - - - - - - - - -
2.1.2 Other Capital transfers 364 - 364 268 6 262 331 - 331
2.2 Financial corporations, nonfinancial corporations,
11 - 11 11 - 11 6 - 6
households, and NPISHs
2.2.1 Debt forgiveness - - - - - - - - -
2.2.2 Other Capital transfers 11 - 11 11 - 11 6 - 6

Net lending (+) / net borrowing () (balance from current and


53,292 55,712 (2,420) 51,615 56,209 (4,594) 51,597 63,380 (11,783)
capital accounts) (1+2)

110
External Sector

9.4 Pakistan's Balance of Payments


(Million US Dollars)
FY15 R FY16 R FY17P

Net Net Net Net Net Net


I T E MS
acquisition incurrence acquisition incurrence acquisition incurrence Net
Net Net
of financial of of financial of of financial of
assets liabilities assets liabilities assets liabilities
3. Financial account 4,551 6,979 (2,428) 4,876 9,014 (4,138) (371) 11,161 (11,532
)
1. Direct investment 73 988 (915) 19 2,305 (2,286) 101 2,412 (2,311)
1.1 Equity and investment fund shares 73 1,666 (1,593) 19 2,202 (2,183) 101 2,378 (2,277)
1.2 Debt instruments - (678) 678 - 103 (103) - 34 (34)
2. Portfolio investment (44) 1,842 (1,886) 100 (329) 429 (17) (251) 234
2.1 Equity and investment fund shares (5) 913 (918) - (320) 320 2 (530) 532
2.2 Debt instruments (39) 929 (968) 100 (9) 109 (19) 279 (298)
3 Financial derivatives (other than reserves) and
(2) - (2) - - - - - -
employee stock options
4. Other investment (71) 4,149 (4,220) 96 7,038 (6,942) 1,389 9,000 (7,611)
4.1 Other equity 33 - 33 41 - 41 41 - 41
4.2 Currency and deposits (39) 128 (167) (154) 116 (270) 844 (4) 848
Central bank - (1) 1 - 5 (5) - (4) 4
Deposit-taking corporations, except the central bank 240 129 111 (68) 111 (179) 374 - 374
General government 2 - 2 7 - 7 48 - 48
Other sectors (281) - (281) (93) - (93) 422 - 422
4.3 Loans - 2,944 (2,944) - 6,721 (6,721) - 7,075 (7,075)
Central bank - 1,949 (1,949) - 2,009 (2,009) - 102 (102)
Deposit-taking corporations, except the central bank - (15) 15 - - - - - -
General government - 1,402 (1,402) - 3,445 (3,445) - 4,828 (4,828)
Other sectors - (392) 392 - 1,267 (1,267) - 2,145 (2,145)
4.4 Insurance, pension, and standardized guarantee schemes - - - - - - - - -
Central bank - - - - - - - - -
Deposit-taking corporations, except the central bank - - - - - - - - -
General government - - - - - - - - -
Other sectors - - - - - - - - -
4.5 Trade credit and advances 105 - 105 271 - 271 575 8 567
Central bank - - - - - - - - -
Deposit-taking corporations, except the central bank - - - - - - - - -
General government - - - - - - - - -
Other sectors 105 - 105 271 - 271 575 8 567
4.6 Other accounts receivable/ Payable (170) 1,077 (1,247) (62) 201 (263) (71) 1,921 (1,992)
Central bank - 564 (564) - - - - - -
Deposit-taking corporations, except the central bank (172) 365 (537) (59) 295 (354) (71) 1,629 (1,700)
General government - (2) 2 (3) - (3) - - -
Other sectors 2 150 (148) - (94) 94 - 292 (292)
4.7 Special drawing rights ... - - ... - - ... - -
5. Reserve assets 4,595 ... 4,595 4,661 ... 4,661 (1,844) ... (1,844)
5.1 Monetary gold - ... - - ... - - ... -
5.2 Special drawing rights (38) ... (38) (62) ... (62) (35) ... (35)
5.3 Reserve position in the IMF - ... - - ... - - ... -
5.4 Other reserve assets 4,633 ... 4,633 4,723 ... 4,723 (1,809) ... (1,809)

Credit Debit Net Credit Debit Net Credit Debit Net


4. Errors and Omissions - 8 (8) 456 - 456 251 - 251

-- Not Applicable Source: Statistics & Data Warehouse Department, SBP

111
SBP Annual Report-Statistical Supplement FY 17

9.5 Medium and Long Term Capital Flows

(Million US Dollars)
Description FY 13 FY 14 FY 15 R
FY16 R FY17P
Total Medium and Long-term Capital (a+b) 1,328 5,367 3,314 5,537 9,657

a. Public and Publicly Guaranteed 388 3,144 1,908 2,509 5,701


I. Project and Non Project Aid 383 883 829 2,518 4,772
Disbursements 2,274 3,617 3,088 4,498 7,540
Project loans 2,136 1,935 2,248 1,787 3,249
Food loans - - - - -
Program loans 138 1,682 840 2,711 4,291
Amortization 1,891 2,734 2,259 1,980 2,768
II. Commercial Banks and IDB - 150 150 - 650
Commercial banks - 150 150 - 650
Disbursements - 150 150 - 650
Amortization - - - - -
IDB - - - - -
Disbursements - - - - -
Amortization - - - - -
III. Euro Bonds, other FE Bonds ,Equity Securities & others 5 2,111 929 (9) 279
Euro and other FE Bonds 5 2,116 929 (9) 279
Credits 216 2,133 1,019 537 1,219
Debits 211 17 90 546 940
Other - (5) - - -
Credits - - - - -
Debits - 5 - - -
b. Private Sector 940 2,223 1,406 3,028 3,956
I. Direct Investment 1,258 1,572 915 2,286 2,311
Inflows 1,511 1,724 1,042 2,305 2,418
Outflows 253 152 127 19 107
II. Portfolio Investment 21 756 957 (420) (513)
Inflows 120 756 976 - 17
Outflows 99 - 19 420 530
III. Other Investment (339) (105) (466) 1,162 2,158
Inflows 249 457 259 1,808 2,825
Outflows 588 562 725 646 667
Private Un-Guaranteed (279) (78) (468) 1,135 2,132
Inflows 224 423 221 1,740 2,778
Outflows 503 501 689 605 646
Deposit Money Banks (16) (45) (15) 9 -
Inflows - 5 - 10 -
Outflows 16 50 15 1 -
Others (44) 18 17 18 26
Inflows 25 29 38 58 47
Outflows 69 11 21 40 21
Source: State Bank of Pakistan, Ministry of Finance &
Economic Affairs and Fund staff estimates

112
External Sector

9.6 Foreign Currency Deposits

(End Period: Million US Dollars)


FY 17
Description FY15 FY16 FY17
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

Foreign Currency Deposits

( a) FE 25 Deposits 6,463 6,323 6,963 6,352 6,354 6,518 6,477 6,432 6,417 6,347 6,444 6,476 6,494 6,543 6,963

1. Resident 6,057 5,836 6,514 5,927 5,907 6,044 6,012 5,976 5,971 5,918 5,966 6,014 6,034 6,010 6,514

a) Demand Deposits 1,882 1,966 2,476 2,012 1,997 2,026 2,091 2,116 2,155 2,074 2,047 2,068 2,024 2,113 2,476

b) Savings Deposits 2,735 2,523 2,811 2,620 2,595 2,757 2,673 2,626 2,662 2,693 2,630 2,636 2,678 2,658 2,811

c) Time Deposits 1,440 1,348 1,227 1,296 1,315 1,261 1,248 1,234 1,153 1,152 1,289 1,311 1,332 1,238 1,227

2. Non- resident 405 487 449 425 447 474 465 456 446 430 478 462 461 533 449

a) Demand Deposits 134 157 201 160 160 179 168 188 190 153 182 192 199 189 201

b) Savings Deposits 185 270 192 213 235 232 249 221 210 234 253 230 220 251 192

c) Time Deposits 88 60 57 52 52 63 48 47 47 43 44 40 42 92 57

(b) Old FCAs1 19 17 14 17 17 17 16 16 16 16 16 16 14 14 14

Resident 15 13 11 13 13 13 12 12 12 12 12 12 11 11 11

Non-Resident 5 4 3 4 4 4 4 4 4 4 4 4 3 3 3

Total 6,482 6,340 6,977 6,369 6,371 6,534 6,493 6,448 6,433 6,363 6,460 6,492 6,508 6,556 6,977

FE 25 Deposits Utilization 6,463 6,323 6,963 6,352 6,354 6,518 6,477 6,432 6,417 6,347 6,444 6,476 6,494 6,543 6,963

1. Financing 1,289 1,367 1,705 1,409 1,449 1,389 1,376 1,417 1,487 1,522 1,453 1,370 1,537 1,767 1,705

a) Export Financing 687 484 424 458 447 418 449 467 513 552 541 485 471 447 424

- Pre-Shipment 421 260 240 254 244 230 258 279 314 356 348 298 273 261 240

- Post-Shipment 266 224 184 204 204 187 190 188 199 196 192 187 197 187 184

b) Import Financing 602 883 1,281 951 1,002 972 928 950 973 970 912 885 1,066 1,320 1,281

2. Placements 1,986 1,890 2,031 1,876 1,804 1,870 1,847 1,843 1,809 1,751 1,762 1,679 1,688 1,668 2,031
a) With State Bank
1,280 1,231 1,288 1,232 1,225 1,249 1,248 1,264 1,253 1,229 1,245 1,248 1,252 1,258 1,288
of Pakistan
- CRR 340 325 339 325 323 329 327 333 330 324 328 329 330 331 339

- SCRR 940 907 949 907 902 920 921 931 923 906 917 919 922 927 949

b) With Banks 706 659 744 644 580 621 599 579 557 522 516 431 437 411 744

-Within Pakistan 93 74 69 69 63 61 63 65 79 66 68 61 60 61 69

-Outside Pakistan 613 584 675 575 516 560 536 513 478 455 448 371 376 350 675

3. Balances 1,016 1,363 1,169 1,299 1,291 1,349 3,253 1,276 1,326 1,024 1,092 1,151 1,089 1,037 1,169

a) Balance held abroad 798 1,130 917 1,056 1,039 1,080 1,089 1,025 1,079 772 836 888 820 776 917

b) Cash in hand 218 233 253 243 252 269 265 252 248 252 255 262 269 261 253

4. Others 2,172 1,702 2,057 1,769 1,811 1,909 1,900 1,895 1,795 2,051 2,138 2,276 2,180 2,070 2,057

Note: The data relates to last working day of the month. Source: Statistics & Data Warehouse Department, SBP
1. These deposits pertain to individuals.

CRR: Cash Reserve Requirement, SCRR: Special Cash Reserve Requirement

113
SBP Annual Report-Statistical Supplement FY 17

9.7 Workers' Remittances

(Million US Dollars)
Amount % Share
Item
FY13 FY 14 FY15 FY16 FY17 FY13 FY 14 FY15 FY16 FY17
I. Cash 13,921.56 15,837.68 18,719.80 19,916.76 19,303.58 100.0 100.0 100.0 100.0 100.0
USA 2,186.24 2467.65 2702.66 2,524.73 2,443.54 15.7 15.6 14.4 12.7 12.7
UK 1,946.01 2180.23 2376.15 2,579.69 2,338.34 14.0 13.8 12.7 13.0 12.1
Saudi Arabia 4,104.73 4729.43 5630.43 5,968.25 5,469.77 29.5 29.9 30.1 30.0 28.3
UAE 2,750.17 3,109.52 4,231.75 4,365.29 4,309.88 19.8 19.6 22.6 21.9 22.3
Dubai 1,213.84 1550.03 2411.96 2,877.74 2,845.20 8.7 9.8 12.9 14.4 14.7
Abu Dhabi 1,485.03 1512.45 1750.65 1,418.28 1,408.65 10.7 9.5 9.4 7.1 7.3
Sharjah 49.76 45.54 67.64 66.50 50.54 0.4 0.3 0.4 0.3 0.3
Others 1.54 1.5 1.5 2.77 5.49 .. .. .. .. ..
Other GCC Countries 1,607.88 1,860.03 2,173.03 2,422.71 2,324.06 11.5 11.7 11.6 12.2 12.0
Bahrain 282.83 318.84 388.99 448.44 395.36 2.0 2.0 2.1 2.3 2.0
Kuwait 619 681.43 748.12 773.97 763.63 4.4 4.3 4.0 3.9 4.0
Qatar 321.25 329.24 350.21 380.86 404.38 2.3 2.1 1.9 1.9 2.1
Oman 384.8 530.52 685.71 819.44 760.69 2.8 3.3 3.7 4.1 3.9
EU Countries 357.37 431.85 364.07 417.77 482.59 2.6 2.7 1.9 2.1 2.5
Germany 83.18 85.58 78.13 93.66 94.02 0.6 0.5 0.4 0.5 0.5
France 36.26 34.39 24.85 36.54 47.40 0.3 0.2 0.1 0.2 0.2
Netherlands 5.45 4.24 3.67 5.19 5.53 .. .. .. 0.0 0.0
Spain 53.44 79.83 47.25 52.97 55.80 0.4 0.5 0.3 0.3 0.3
Italy 35.74 33.25 30.89 43.50 60.70 0.3 0.2 0.2 0.2 0.3
Greece 11.18 14.88 14 9.83 23.17 0.1 0.1 0.1 0.0 0.1
Sweden 13.68 14.89 11.61 15.46 18.90 0.1 0.1 0.1 0.1 0.1
Denmark 25.03 23.7 14.57 10.38 12.80 0.2 0.1 0.1 0.1 0.1
Ireland 90.07 137.6 133.29 142.70 155.32 0.6 0.9 0.7 0.7 0.8
Belgium 3.34 3.49 5.81 7.54 8.95 .. .. .. .. ..
Norway 37.84 30.77 27.58 34.87 41.31 0.3 0.2 0.1 0.2 0.2
Switzerland 30.37 29.42 29.84 25.69 26.34 0.2 0.2 0.2 0.1 0.1
Australia 149.73 159.59 175.62 193.90 204.31 1.1 1.0 0.9 1.0 1.1
Canada 177.19 160.03 170.99 175.99 187.22 1.3 1.0 0.9 0.9 1.0
Japan 5.15 7.09 7.75 13.18 14.31 .. .. .. 0.1 0.1
Other Countries 568.88 672.07 829.93 1,194.69 1,461.91 4.1 4.2 4.4 6.0 7.6
II. Encashment and Profit
in Pak. Rs. of FEBCs & 0.1 0.03 0.2 - - .. .. .. - -
FCBCs
Total (I+II) 13,921.66 15,837.71 18,720.00 19,916.76 19,303.58 100.0 100.0 100.0 100.0 100.0
As % of GDP 6.02 6.47 6.91 7.13 6.34

Monthly Workers
Remittances
July 1,204.71 1,404.69 1,675.77 1,663.47 1,328.18 8.7 8.9 9.0 8.4 6.9
August 1,258.98 1,240.14 1,350.86 1,527.19 1,760.84 9.0 7.8 7.2 7.7 9.1
September 1,135.42 1,284.22 1,748.49 1,775.15 1,609.29 8.2 8.1 9.3 8.9 8.3
October 1,365.10 1,348.03 1,409.22 1,541.21 1,559.75 9.8 8.5 7.5 7.7 8.1
November 1,017.83 1,130.41 1,343.76 1,565.19 1,616.43 7.3 7.1 7.2 7.9 8.4
December 1,134.70 1,384.94 1,634.06 1,616.13 1,584.17 8.2 8.7 8.7 8.1 8.2
January 1,089.64 1,245.97 1,403.74 1,466.38 1,487.72 7.8 7.9 7.5 7.4 7.7
February 1,028.38 1,209.77 1,420.54 1,521.92 1,416.92 7.4 7.6 7.6 7.6 7.3
March 1,119.15 1,337.89 1,608.51 1,711.15 1,694.37 8.0 8.4 8.6 8.6 8.8
April 1,215.90 1,311.85 1,640.05 1,656.46 1,538.61 8.7 8.3 8.8 8.3 8.0
May 1,185.65 1,440.47 1,663.32 1,799.43 1,867.34 8.5 9.1 8.9 9.0 9.7
June 1,166.19 1,499.33 1,821.68 2,073.08 1,839.96 8.4 9.5 9.7 10.4 9.5
Average 1,160.14 1,319.81 1,560.00 1,659.73 1,608.63

Note: Total may differ due to rounding off and % shares are arrived at from original value. Source: Statistics & Data Warehouse Department, SBP
GCC: Gulf Cooperation Council
FEBC: Foreign Exchange Bearer Certificates, FCBC: Foreign Currency Bearer Certificates

114
External Sector

9.8 Gold and Foreign Exchange Reserves

(Million US Dollars)
Foreign exchange reserves with
SBP and
Scheduled Banks Scheduled
SBP Banks
Deposits Utilizations
Net Placement
End Period
Reserves Abroad FE-25 FX
Cash With (Other Placements Reserves Net Total Liquid Total
Gold * Foreign Total SBP Trade than Trade in (6+7+8-9- Reserves FX Reserve Reserve
1 2
SDRs Currency Nostro (2+3+4) (2+4) FE-25 Nostro FE-25) Finance Pakistan Others 10-11) (6-9) (5+12) (1+14).
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

FY 13 2,469 855 39 5,153 6,047 6,008 5,778 (655) 45 767 122 1,964 2,315 5,011 8,362 10,831
FY 14 2,726 830 75 8,267 9,173 9,098 6,684 (391) 116 1,640 99 2,161 2,509 5,044 11,682 14,407
FY 15 2,428 710 13 12,816 13,538 13,526 6,463 (278) 86 1,289 93 2,172 2,717 5,173 18,683 18,699
FY 16 2,739 645 49 17,497 18,192 18,143 6,323 (574) 3 1,367 74 1,702 2,608 4,956 23,539 23,098
FY 17P 2,578 607 98 15,536 16,242 16,143 6,963 (232) 139 1,705 69 2,057 3,039 5,258 21,860 21,402

2016 Jul 2,783 643 48 17,417 18,109 18,061 6,352 (639) 48 1,409 69 1,769 2,514 4,943 23,406 23,004
Aug 2,715 629 48 17,493 18,170 18,122 6,354 (623) 55 1,449 63 1,811 2,464 4,905 23,349 23,027
Sep 2,743 681 62 17,811 18,553 18,491 6,518 (706) 39 1,389 61 1,909 2,491 5,128 23,786 23,620
Oct 2,638 667 103 18,258 19,028 18,925 6,477 (801) 59 1,376 63 1,900 2,396 5,101 24,062 24,026
Nov 2,444 638 108 17,731 18,476 18,369 6,432 (725) 58 1,417 65 1,895 2,387 5,014 23,308 23,383
Dec 2,405 634 108 17,638 18,380 18,272 6,417 (628) 41 1,487 79 1,795 2,470 4,930 23,254 23,202
2017 Jan 2,516 639 86 16,777 17,503 17,416 6,347 (393) 8 1,522 66 2,051 2,324 4,826 22,342 22,242
Feb 2,605 615 107 16,466 17,188 17,081 6,444 (547) 9 1,453 68 2,138 2,247 4,991 22,040 22,072
Mar 2,582 618 108 15,848 16,575 16,466 6,476 (649) 6 1,370 61 2,276 2,127 5,106 21,284 21,572
Apr 2,627 623 117 15,439 16,179 16,062 6,494 (581) 5 1,537 60 2,180 2,141 4,957 20,947 21,019
May 2,627 603 115 15,812 16,530 16,415 6,543 (486) 6 1,767 61 2,070 2,164 4,775 21,321 21,190
JunP 2,578 607 98 15,536 16,242 16,143 6,963 (232) 139 1,705 69 2,057 3,039 5,258 21,860 21,402
.
Source: Statistics & DWH Department SBP
* Excludes RBI Holding
1. Excludes CRR, unsettled claims on India and includes sinking fund.
2. Includes CRR.

Foreign Exchange Reserves


Total SBP Banks Growth (RHS)
25 80
60
20 40
20
Billion US $

15
Percent

0
-20
10
-40

5 -60
-80
- -100
FY 13 FY 14 FY 15 FY 16 FY 17

115
SBP Annual Report-Statistical Supplement FY 17

9.9 Foreign Investment (net) in Pakistan by Country


(Million US Dollars)
FY15 FY16 FY17P
Foreign Foreign Foreign Foreign Foreign Foreign
Sr. Country Direct Portfolio Direct Portfolio Direct Portfolio
Investment Investment Investment Investment Investment Investment
(Net) (Net) Total (Net) (Net) Total (Net) (Net) Total
I- Foreign Private Investment 987.9 917.3 1,905.2 2,305.3 (319.7) 1,985.6 2,410.9 (530.9) 1,880.0
1 Argentina 0.2 - 0.2 - - - - - -
2 Australia 1.2 19.3 20.4 .. 44.5 44.5 3.0 (15.0) (12.0)
3 Austria 24.8 - 24.8 42.7 - 42.7 21.7 - 21.7
4 Bahamas - 0.7 0.7 - 1.3 1.3 - - -
5 Bahrain 9.5 (5.2) 4.3 4.8 0.6 5.3 (12.8) (6.4) (19.2)
6 Bangladesh .. .. .. .. 0.3 0.3 - (0.3) (0.3)
7 Belgium 0.2 - 0.2 .. - .. 2.6 (0.1) 2.5
8 Bosnia Herzegovina - - - - - - - - -
9 Brunei (1.4) .. (1.4) 3.1 - 3.1 - - -
10 Canada (29.9) 4.2 (25.7) 0.4 12.4 12.8 0.4 35.2 35.6
11 China 319.1 11.3 330.5 1,063.6 5.5 1,069.1 1,185.6 48.4 1,234.0
12 Congo - - - - - - - - -
13 Denmark 0.7 - 0.7 (0.4) - (0.4) .. - ..
14 Egypt (47.3) - (47.3) 140.8 - 140.8 .. (37.6) (37.6)
15 Finland 2.1 6.1 8.2 4.4 5.4 9.8 (5.1) (7.6) (12.7)
16 France (214.9) .. (214.9) 94.7 .. 94.7 119.0 16.9 135.9
17 Germany (18.2) 0.1 (18.2) (10.6) (9.9) (20.5) (5.2) (1.5) (6.7)
18 Hong Kong 136.2 (63.5) 72.7 93.3 (18.1) 75.2 25.0 (263.0) (238.0)
19 Hungary 1.5 - 1.5 0.6 - 0.6 47.2 (..) 47.2
20 Iceland 3.2 - 3.2 2.6 - 2.6 - .. ..
21 Indonesia 2.2 - 2.2 - - - - - -
22 Iran 1.3 - 1.3 2.3 - 2.3 - - -
23 Ireland 1.1 (24.3) (23.2) 0.1 24.9 25.1 .. 63.9 63.9
24 Italy 115.4 - 115.4 105.4 .. 105.4 58.0 .. 58.0
25 Japan 71.1 2.9 74.0 35.4 0.8 36.2 45.2 0.4 45.6
26 Kenya - - - - - - - 0.4 0.4
27 Korea (South) 14.3 (9.7) 4.5 4.0 0.2 4.2 7.8 4.8 12.6
28 Kuwait 2.3 .. 2.3 16.3 0.2 16.5 5.2 4.6 9.7
29 Lebanon 13.8 - 13.8 (0.9) - (0.9) 6.6 - 6.6
30 Liberia .. 1.4 1.4 .. - .. - - -
31 Libya 0.5 - 0.5 - - - - - -
32 Luxembourg 1.4 251.2 252.6 29.0 (80.9) (51.9) 19.3 (550.8) (531.5)
33 Malaysia 2.8 - 2.8 14.3 - 14.3 3.2 - 3.2
34 Malta - - - - - - - - -
35 Netherlands (34.5) (1.4) (35.9) 29.9 15.1 45.0 463.4 (7.1) 456.3
36 New Zealand (0.2) - (0.2) - - - - - -
37 Nigeria - - - - - - 1.0 - 1.0
38 Norway 2.7 - 2.7 172.5 - 172.5 (12.6) (4.8) (17.5)
39 Oman (11.5) - (11.5) 1.2 .. 1.2 - (0.5) (0.5)
40 Panama - - - - - - - - -
41 Philippines (6.7) (17.7) (24.4) (2.1) (40.5) (42.6) - (1.8) (1.8)
42 Poland 0.5 - 0.5 0.4 - 0.4 4.4 - 4.4
43 Portugal - - - - - - - - -
44 Qatar (34.6) 0.1 (34.5) (15.7) 0.2 (15.4) (6.7) 0.7 (6.0)
45 Saudi Arabia (64.8) 0.5 (64.4) 24.0 0.9 24.9 1.9 1.1 3.0
46 Seychelles - 1.4 1.4 - - - - - -
47 Singapore 24.5 0.3 24.8 8.5 9.1 17.6 12.6 14.8 27.4
48 South Africa (0.2) - (0.2) (4.8) (..) (4.8) - - -
49 Sri Lanka (..) - (..) (..) 0.1 0.1 2.9 - 2.9
50 Sweden (50.6) (12.0) (62.5) (15.7) 28.1 12.4 8.6 (50.4) (41.9)
51 Switzerland (6.5) (2.8) (9.3) 58.0 (70.5) (12.5) 16.9 (19.9) (3.0)
52 Thailand 5.3 (0.1) 5.2 - - - 5.2 (..) 5.2
53 Turkey 43.4 (14.3) 29.1 16.8 (8.0) 8.8 135.6 (..) 135.5
54 U.A.E 213.6 11.6 225.2 109.7 3.3 113.0 55.8 (21.9) 33.9
55 United Kingdom 169.6 229.5 399.1 151.6 (141.7) 9.9 68.9 (357.2) (288.3)
56 United States of America 223.9 599.4 823.3 13.2 (45.8) (32.6) 71.1 636.7 707.8
57 Others 100.9 (71.7) 29.2 111.7 (57.5) 54.3 55.4 (12.8) 42.6
II- Foreign Public - 927.1 927.1 - (8.8) (8.8) - 277.2 277.2
Debt Securities - 927.1 927.1 - (8.8) (8.8) - 277.2 277.2
Total (I+II) 987.9 1,844.4 2,832.3 2,305.3 (328.5) 1,976.8 2,410.9 (253.7) 2,157.2
Source: Statistics & Data Warehouse Department,
1. Foreign Direct Investment Inflows/Outflows include cash received for investment in equity, Intercompany loan; Capital Equipment
brought in/out and reinvested earnings. New format adopted from July 2012.
2. Others include IFIs and countries not mentioned above. The details of countries included in Others are available.
3. The data is based on Ultimate Controlling Parent Country concept and may not be compared with the data based on Immediate Investing
Countries published for year F11 and earlier
4. Net= Inflow-Outflow. Details are available at SBP Web at: http://www.sbp.org.pk/ecodata/Netinflow.pdf

116
External Sector

9.10 Foreign Direct Investment (net) in Pakistan


by Economic Groups
(Million US Dollars)
Economic Group FY13 FY 14 FY15 FY16 FY17P

Food & Food Packing 532.7 83.3 (2.0) (55.4) 495.2


Beverages 20.0 23.0 96.6 41.9 7.5
Tobacco & Cigarettes 0.4 34.2 11.2 35.8 50.7
Sugar 4.8 15.1 3.1 4.4 (0.1)
Textiles 13.9 (0.2) 43.9 20.0 15.1
Rubber & Rubber Products 1.4 (0.3) 4.4 1.7 1.4
Paper & Pulp 0.3 - - .. (1.2)
Leather & Leather Products 4.5 5.0 0.3 2.6 0.2
Chemicals (47.1) 94.9 60.3 88.5 12.6
Petro Chemicals 8.1 (0.5) - (136.1) 1.2
Petroleum Refining 106.8 2.7 (14.8) 20.3 21.1
Mining & Quarrying 2.0 (23.2) (2.0) 2.3 3.6
Oil & Gas Explorations 559.8 502.0 300.5 248.9 157.6
Pharmaceuticals & OTC Products 14.0 15.7 (48.8) 3.3 (8.7)
Fertilizer 0.2 .. - 0.2 -
Cosmetics - - - - (0.5)
Cement 8.1 36.6 (185.2) 33.4 3.2
Ceramics 3.4 1.9 1.3 (0.1) 1.2
Basic Metal 1.3 5.2 1.5 3.1 8.9
Metal Products 3.2 8.6 (55.2) 0.8 (1.9)
Machinery other than Electrical 2.6 1.0 .. 0.1 27.0
Electrical Machinery 12.0 (10.7) (1.1) (0.7) 8.6
Electronics 20.8 18.2 (0.3) 33.7 143.0
Transport Equipment (Automobiles) 25.1 53.1 64.3 46.2 41.5
Power 26.8 71.4 282.2 1,159.2 795.4
Construction 47.7 28.8 53.5 46.7 467.7
Trade 5.1 (3.2) 50.5 26.8 31.6
Transport 44.2 2.7 6.2 70.2 53.5
Tourism - 1.8 2.3 - (19.5)
Storage Facilities 13.9 (4.9) (0.2) 1.4 5.0
Communications (381.7) 434.2 40.1 236.7 28.6
Financial Business 314.0 192.8 256.4 289.0 64.3
Social Services 7.3 0.1 0.3 1.3 -
Personal Services 18.4 102.2 36.5 44.0 26.8
Others 62.4 6.9 (18.1) 35.1 (29.6)

Total 1,456.5 1,698.6 987.9 2,305.3 2,410.9


Source: Statistics & Data Warehouse Department, SBP

117
SBP Annual Report-Statistical Supplement FY 17

9.11 International Investment Position of Pakistan


(Million US $)
(March end
(December end Position)
IIP Components Position)
2011 2012 2013 2014 2015 2016 2017P

International Investment Position - net (59,824) (63,760) (70,991) (76,346) (76,701) (89,642) (94,514)

A. Assets 26,574 23,657 17,142 24,060 29,273 32,327 29,334

1. Direct investment abroad 1,401 1,550 1,614 1,742 1,826 1,898 1,956
1.1 Equity capital and reinvested earnings 1,401 1,546 1,614 1,731 1,816 1,888 1,945
1.2 Other capital (..) 4 (..) 11 10 10 10

2. Portfolio investment 195 379 491 387 327 359 380


2.1 Equity securities 104 158 206 210 133 125 124
2.2 Debt securities 92 221 286 176 193 234 256

3. Financial derivatives 25 22 21 85 19 22 21

4. Other investment 7,332 8,181 7,664 7,424 7,679 7,991 6,551


4.1 Trade credits 4,320 4,743 4,640 4,612 4,697 5,339 4,300
4.2 Loans 105 108 111 114 117 120 121
4.3 Currency and deposits 1,598 2,075 1,547 1,334 1,844 1,472 1,156
4.4 Other assets 1,309 1,254 1,366 1,364 1,021 1,060 974

5. Reserve assets 17,620 13,527 7,352 14,422 19,423 22,057 20,426


5.1 Monetary gold 3,170 3,434 2,489 2,486 2,203 2,405 2,582
5.2 Special drawing rights 1,051 923 855 758 674 634 618
5.3 Reserve position in the Fund - .. .. .. .. .. ..
5.4 Foreign exchange 13,400 7,319 3,263 9,547 14,569 14,527 15,423
5.4.1 Currency and deposits 7,711 3,343 1,138 6,048 9,970 8,459 8,957
of which: Cash in Foreign Currency 603 41 151 78 61 108 108
: Sinking Fund - - - (7) - - -
5.4.2 Securities 5,689 3,976 2,125 3,506 4,599 6,069 6,465
5.4.3 Financial derivatives-net - - - (7) - - -
5.5 Other claims - 1,852 744 1,631 1,977 4,491 1,803

B. Liabilities 86,398 87,417 88,133 100,406 105,974 121,969 123,848

1. Direct investment in Pakistan 20,916 23,125 25,091 33,151 34,392 41,830 42,184
1.1 Equity capital and reinvested earnings 18,132 20,246 22,405 29,892 31,501 38,785 39,088
1.2 Other capital 2,784 2,879 2,686 3,259 2,891 3,045 3,096

2. Portfolio investment 4,216 5,234 6,719 10,706 10,761 13,146 12,825


2.1 Equity securities 2,534 3,560 5,079 6,040 5,697 7,550 7,246
2.2 Debt securities 1,682 1,674 1,640 4,666 5,064 5,596 5,579

3. Financial derivatives 41 9 9 16 4 5 6

4. Other investment 61,225 59,049 56,315 56,533 60,817 66,988 68,834


4.1 Trade credits 675 769 859 719 664 664 664
4.2 Loans 56,384 53,695 49,921 50,419 54,195 60,461 62,677
4.3 Currency and deposits 2,377 2,819 2,667 2,608 2,803 2,783 2,371
4.4 Other liabilities 1,790 1,765 2,867 2,786 3,154 3,079 3,121

includes the unsettled claims on India 3 3 2 - - - -


P : Provisional Sources: Statistics & DWH Department SBP

118
External Sector

9.12 Balance of Trade


(a) State Bank of Pakistan
(Million US Dollars)
Exports (BOP) Imports (BOP)
Period Balance of Trade
Value Growth Rate Value Growth Rate

2012-13 24,802 0.3 40,157 (0.5) (15,355)


2013-14 25,078 1.1 41,668 3.8 (16,590)
2014-15 24,090 (3.9) 41,357 (0.7) (17,267)
2015-16 21,972 (8.8) 41,255 (0.2) (19,283)
2016-17P 21,686 (1.3) 48,582 17.8 (26,896)

2016 Jul 1,495 (19.9) 3,113 (22.7) (1,618)


Aug 1,840 23.1 3,907 25.5 (2,067)
Sep 1,672 (9.1) 3,286 (15.9) (1,614)
Oct 1,805 8.0 3,455 5.1 (1,650)
Nov 1,841 2.0 3,952 14.4 (2,111)
Dec 1,867 1.4 4,342 9.9 (2,475)
2017 Jan 1,720 (7.9) 4,319 (0.5) (2,599)
Feb 1,774 3.1 4,071 (5.7) (2,297)
Mar 2,061 16.2 4,305 5.7 (2,244)
Apr 1,766 (14.3) 4,108 (4.6) (2,342)
May 1,954 10.6 4,633 12.8 (2,679)
JunP 1,891 (3.2) 5,091 9.9 (3,200)

Trade data compiled by Pakistan Bureau of Statistics and State Bank of Pakistan may differ from each other due to the following reasons:-
1. The SBP Exports (BOP) & Imports (BOP) include general merchandise, repairs on goods and goods procured on parts by carriers. The SBP export and
imports are based on realization of export proceeds and import payments made through the banking channel. Information on exports and imports
unaccounted for by the banking channel are collected from the relevant sources and added to the exports/imports data reported by banks to arrive at
the overall exports and imports. The trade data of PBS is, on the other hand, based on physical movement of goods crossing the custom boundaries of
Pakistan
2. The data is gendered merchandise based on Balance of Payment Manual (BPM6). Whereas PBS data is on Carriage Insurance & Freight (c.i.f) basis.

Yearly Trade Data Monthly Trade Data


60,000
5,000
50,000

4,000
40,000
Million US $
Million US $

3,000
30,000

20,000 2,000

10,000 1,000

- 0
2012-13 2013-14 2014-15 2015-16 2016-17
Apr-17
Sep-16

Feb-17

Jun-17
Jul-16

Jul-17
Mar-17
Dec-16
Oct-16
Aug-16

Nov-16

Jan-17

May-17

Exports 24,802 25,078 24,090 21,972 21,686


Imports 40,157 41,668 41,357 41,255 48,582
Exports Imports

119
SBP Annual Report-Statistical Supplement FY 17

9.12 Balance of Trade


(b) Pakistan Bureau of Statistics
(Million US Dollars)
Exports Imports Balance of
Period Re-exports Re-imports
Total Growth Trade1
Total Growth
2012-13 24,460 3.5 285 44,950 0.1 - (20,204)
2013-14 25,110 2.7 161 45,073 0.3 18 (19,820)
2014-15 23,667 (5.7) 199 45,826 1.7 207 (22,167)
2015-16 20,786 (12.2) 178 44,685 (2.5) 200 (23,921)
2016-17P 20,428 (1.7) 234 52,932 18.4 197 (32,468)

2016 Jul 1,475 (7.0) 11 3,536 5.6 16 (2,066)


Aug 1,653 (8.5) 20 4,303 9.6 20 (2,649)
Sep 1,538 (9.2) 12 3,832 10.0 17 (2,299)
Oct 1,750 (6.6) 14 3,988 7.9 17 (2,241)
Nov 1,757 (4.0) 20 4,205 8.2 16 (2,445)
Dec 1,722 (4.0) 15 4,460 9.7 18 (2,741)
2017 Jan 1,775 (2.8) 68 4,697 13.2 19 (2,873)
Feb 1,633 (3.4) 41 4,372 15.5 19 (2,716)
Mar 1,794 (2.6) 15 4,977 18.2 22 (3,190)
Apr 1,798 (2.0) 2 4,963 19.4 17 (3,179)
May 1,620 (2.8) 17 5,066 20.2 18 (3,446)
Jun 1,912 (1.4) - 4,534 18.4 - (3,204)
Note: Total may differ due to rounding off and growths (%) are arrived at from original value. Source : Pakistan Bureau of Statistics
1. Balance of Trade = Exports + Re-exports - Imports - Re-imports

Trade Ratios
Exports/GDP Imports/GDP Trade Balance/GDP Imports/Exports(RHS)

0.25 3.0
0.20
2.5
0.15
2.0
0.10
0.05 1.5
0.00
1.0
-0.05
0.5
-0.10
-0.15 0.0
FY13 FY14 FY15 FY16 FY17

120
External Sector

9.13 Reconciliation of Exports Compiled by PBS and SBP


(Million US Dollars)
PBS Difference Items used in reconciliation
SBP Refund Exports of goods
Apparent Real Short Ship
PERIOD Exports Exports Exports & under
(BOP) Difference Difference
(FOB)1 (Comparable)2 shipments Cancellations stores Rebate merchanting &
(A-C)3 (B-C)4
procured at ports
A B C D E F G H I J

FY13 24,461 24,555 24,802 (341) (247) 102 14 18 19 246


FY14 25,110 25,209 25,078 32 131 88 3 - 22 212
FY15 23,668 23,757 24,090 (422) (333) 48 21 - 5 164
FY16 20,786 20,829 21,972 (1,186) (1,143) 43 - - 4 91
FY17 P 20,428 20,513 21,686 (1,258) (1,173) 44 - - 9 138

2016 Jul 1,475 1,476 1,495 (20) (19) 3 - - 1 5


Aug 1,653 1,659 1,840 (187) (181) 3 - - 0 9
Sep 1,538 1,539 1,672 (134) (133) 2 - - 0 3
Oct 1,750 1,751 1,805 (55) (54) 4 - - 3 8
Nov 1,757 1,765 1,841 (84) (76) 4 - - 0 12
Dec 1,722 1,729 1,867 (145) (138) 4 - - 0 11
2017 Jan 1,775 1,783 1,720 55 63 4 - - 2 14
Feb 1,633 1,644 1,774 (141) (130) 4 - - 1 15
Mar 1,794 1,806 2,061 (267) (255) 4 - - 0 16
Apr 1,798 1,812 1,766 32 46 4 - - 0 18
May 1,620 1,632 1,954 (334) (322) 4 - - 0 15
JunP 1,912 1,918 1,891 21 27 4 - - 1 11
Note: 1. Exports published by PBS which are based on physical movement of commodities through custom boundaries and are not comparable with Exports (BOP) of
SBP (at C) compiled under BPM6 due to difference in timing, coverage and valuation.
2. PBS exports made comparable to Exports (BOP) by subtracting columns F, G,H and I from Exports (FOB) of PBS and adding column J. Still some differences
will remain at due to timing and valuations.
3. Difference between incomparable exports released by PBS and SBP.
4. Difference between Exports of PBS and SBP after making them comparable.

9.14 Reconciliation of Imports Compiled by PBS and SBP


(Million US Dollars)
PBS Difference Items used in reconciliation
SBP Imports Exports of
(BOP) Real Refund &
goods under
Imports Imports Freight
PERIOD Apparent Difference (A-C)3 Difference merchanting &
(c.i.f)1 (Comparable)2 (B-C)4 PBS Rebate
procured at
ports
A B C D E F G H

FY13 44,951 42,475 40,157 4,794 2,318 2,697 91 313


FY14 45,072 42,550 41,668 3,404 882 2,704 99 282
FY15 45,825 43,053 41,357 4,468 1,696 2,750 184 161
FY16 R 44,685 42,966 41,255 3,430 1,711 1,564 155 -
FY17 P 52,932 50,937 48,582 4,350 2,355 1,856 140 -

2016 Jul 3,536 3,405 3,113 423 292 124 7 -


Aug 4,303 4,142 3,907 396 235 151 10 -
Sep 3,832 3,690 3,286 546 404 134 8 -
Oct 3,988 3,840 3,455 533 385 140 8 -
Nov 4,205 4,046 3,952 253 94 147 13 -
Dec 4,460 4,273 4,342 118 (69) 156 30 -
2017 Jan 4,697 4,526 4,319 378 207 164 7 -
Feb 4,372 4,209 4,071 301 138 153 9 -
Mar 4,977 4,794 4,305 672 489 175 8 -
Apr 4,963 4,775 4,108 855 667 175 13 -
May 5,066 4,876 4,633 433 243 178 12 -
JunP 4,534 4,361 5,091 (557) (730) 159 14 -
Note: 1. Imports published by PBS which are based on physical movement of commodities through custom boundaries and are not comparable with Imports (BOP) of
SBP (at C) compiled under BPM6 due to difference in timing, coverage and valuation.
2. PBS imports made comparable to imports (BOP) by subtracting F and G from Imports (c.i.f) of PBS and adding H. Still some differences will remain at due to timing
and valuations.

3. Difference between incomparable imports released by PBS and SBP

4 . Difference between Imports of PBS and SBP after making them comparable.

121
SBP Annual Report-Statistical Supplement FY 17

9.15 Terms of Trade and Indices by Groups


(1990 91 =100)

FY 16
Group FY13 FY14 FY15 FY16 FY17*
Q1 Q2 Q3
Terms of Trade 53.81 54.27 54.05 56.33 57.17 57.02 57.46 57.03
Exports 715.45 752.86 759.21 705.03 701.43 697.00 703.81 703.47
All Groups
Imports 1,329.56 1,387.15 1,404.72 1,251.53 1,226.92 1,222.36 1,224.89 1,233.52
Exports 884.48 954.07 1,057.47 944.46 923.60 972.71 928.54 869.54
Food and live Animals
Imports 802.28 838.74 891.28 839.11 829.56 816.59 833.16 838.92
Exports 1,052.54 1,127.89 1,148.80 1,217.42 1,225.01 1,239.28 1,223.96 1,211.78
Beverages and Tobacco
Imports 1,339.47 1,446.20 1,620.65 1,700.77 1,762.07 1,708.34 1,782.93 1,794.93

Crude Material (inedible Exports 958.74 1,009.57 999.87 920.79 888.69 909.02 880.7 876.35
except Fuels) Imports 995.65 1,046.35 1,048.08 1,031.47 1,019.87 1,025.79 1,030.31 1,003.50
Exports 1,615.08 1,682.81 1,713.20 1,092.25 1,126.22 1,069.37 1,080.33 1,228.96
Mineral Fuels and Lubricants
Imports 1,720.77 1,757.91 1,550.37 1,054.32 914.24 908.12 855.04 979.56

Vegetables, Animals Oil and Fats Imports 1,103.29 1,054.13 1,037.83 1,011.65 1,090.65 1,026.36 1,164.61 1,080.97

Exports 876.11 939.50 935.18 1,000.41 1,017.19 993.34 1032.44 1,025.79


Chemicals
Imports 994.50 1,098.60 1,256.50 1,193.67 1,277.07 1,251.62 1,309.72 1,269.88
Exports 689.62 698.49 667.05 607.39 595.81 590.69 597.47 599.28
Manufactured Goods
Imports 887.02 899.66 1,026.39 920.53 927.03 925.94 976.44 878.71
Exports 1,603.48 1,650.17 1,789.37 1,873.58 1,741.77 1,780.89 1,719.51 1,724.91
Machinery and Transport Equipments
Imports 1,738.91 1,866.32 1,985.27 1,913.99 1,872.27 1,888.38 1,863.58 1,864.85
Exports 657.15 700.75 728.76 774.38 786.63 762.86 794.66 802.38
Miscellaneous Manufactured Articles
Imports 1,342.66 1,458.63 1,854.42 2,376.63 2,494.15 2,512.37 2,643.00 2,327.08

Quantum Index
Exports 202.86 229.80 195.45 203.66 205.68 189.72 204.38 222.94
All Groups
Imports 234.02 249.40 299.74 330.71 356.92 315.54 345.59 409.63
Exports 242.21 280.96 224.40 243.09 245.54 161.56 230.40 344.66
Food and live Animals
Imports 186.86 162.10 222.61 273.06 273.75 222.22 286.10 312.94
Exports 238.64 175.45 100.30 112.67 178.92 101.01 60.64 375.12
Beverages and Tobacco
Imports 275.65 317.18 317.90 287.46 288.72 243.38 379.05 243.74
Exports 343.79 447.47 264.75 307.85 212.90 178.53 229.57 230.59
Crude Material inedible except Fuels
Imports 413.29 491.04 531.02 628.07 624.22 417.44 576.34 878.87
Exports 37.89 409.09 176.22 57.34 96.22 162.00 66.56 60.11
Mineral Fuels and Lubricants
Imports 190.89 185.66 175.67 157.60 181.23 171.33 189.46 182.91

Vegetables, Animals Oil and Fats Imports 141.68 182.37 179.33 221.25 204.64 192.07 204.04 217.82

Exports 992.45 1,010.41 973.58 689.93 475.61 560.84 535.91 330.08


Chemicals
Imports 240.54 253.03 271.01 266.35 282.83 272.18 300.76 275.54
Exports 191.87 189.96 181.68 182.42 187.22 185.85 190.00 185.81
Manufactured Goods
Imports 249.49 312.32 345.01 319.43 364.24 374.67 367.29 350.76
Exports 2,014.32 2,056.66 3,964.39 3,767.50 3,305.45 5,242.08 3,267.99 1,406.28
Machinery and Transport Equipments
Imports 266.44 283.06 478.50 584.63 650.86 545.17 589.22 818.18
Exports 181.50 226.38 201.19 223.68 235.51 217.09 228.32 261.12
Miscellaneous Manufactured Articles
Imports 261.26 286.91 307.93 405.89 403.60 392.47 402.59 415.75
P: Provisional. Source: Pakistan Bureau of Statistics
*FY17 is the average of three quarters only.

122
External Sector

9.16 Exports and Imports by Commodity Groups / Principal Commodity


(a) State Bank of Pakistan
(Million US Dollars)
Exports Imports
Commodity Groups/Commodity
FY15 FY16 FY17P FY15 FY16 FY17P

A-Live Animals and Animals Products 757 666 711 230 226 217
01-Live Animals 8 5 8 33 41 48
02-Meat and Edible Meat Offal 272 244 227 6 5 8
03-Fish and Crustaceans 352 320 385 15 16 17
04-Dairy, Eggs, Honey and Edible Products 88 69 69 174 159 139
05-Products of Animal origin NES 37 28 23 4 5 6
B-Vegetable Products 3,098 2,684 2,410 2,261 2,360 3,011
06-Live Trees and other Plants 2 3 3 1 0 2
07-Edible Vegetables 152 136 86 517 608 969
08-Edible Fruits and Nuts 412 327 301 114 123 159
09-Coffee, Tea, Mate and Spices 81 90 98 451 589 640
10-Cereals 2,071 1,895 1,612 259 143 104
11-Products of Milling Industry 198 140 204 21 14 18
12-Oil Seeds and Oleaginous Fruit 104 58 66 872 852 1,076
13-Other Vegetable Saps and Extracts; Lac,Gums,Resins 71 30 33 10 15 19
14-Vegetable Planting Materials 6 7 6 17 16 23
C-Animal or Vegetable Fats, Oils and Waxes 76 62 46 1,953 1,840 1,988
15-Animal or Vegetable Fats, Oils & Cleavage Products 76 62 46 1,953 1,840 1,988
04-Prepared Foodstuffs; Beverages, Spirits, Vinegar and Tobacco 961 671 803 791 645 597
16-Preparation of Meat, Fish and Crustaceans etc. 19 12 10 6 4 7
17-Sugars and Sugar Confectionery 426 232 315 39 29 38
18-Cocoa and Cocoa Preparations 0 0 5 37 28 26
19-Preparation of Cereals, Flour and Starch etc. 58 52 57 97 110 138
20-Preparation of Vegetables, Fruits and Nuts etc. 60 46 56 37 37 47
21-Miscellaneous Edible Preparations 22 21 27 35 52 55
22-Beverages, Spirits and Vinegar 321 263 284 6 4 6
23-Residues from Food Industries, Animal Fodder 39 32 30 518 367 266
24-Tobacco and Manufactured Tobacco Substitutes 15 11 20 17 14 14
D-Mineral Products 1,699 1,109 1,083 12,974 8,900 11,467
25-Salt, Sulfur, Earth's and Stones, Lime and Stone 622 532 452 94 77 94
26-Ores Slag and Ash 87 56 137 36 10 7
27-Mineral Fuels, Oils and Their Distillation Product 990 522 494 12,844 8,812 11,366
E-Products of Chemical or Allied Industries 489 767 464 4,961 4,962 5,286
28-Organic or Inorganic Compounds of Precious Metals 28 24 25 477 476 443
29-Organic Chemicals 53 11 16 1,997 1,864 2,116
30-Pharmaceutical Products 213 199 221 372 448 449
31-Fertilizers 0 0 24 702 735 574
32-Tanning or Dyeing Extracts 42 29 33 393 395 558
33-Oils & Resinoids, Perfumery or Toilet Preparation 32 34 32 116 153 169
34-Soap, Org. Surface-Active agents ,Washing Products 34 24 24 158 172 181
35-Albuminoidal Substances; Starches, Glues, Enzymes 13 9 9 47 50 65
36-Explosives, Pyrotechnic Products and Matches etc. 16 13 10 1 4 1
37-Photographic or Cinematographic Goods 0 61 1 22 27 27
38-Miscellaneous Chemical Products 57 362 72 677 640 703
F-Plastics and Articles thereof; Rubber and Articles thereof 506 468 403 2,151 2,205 2,425
39-Plastics and Articles thereof 447 83 364 1,772 1,791 1,875
40-Rubbers and Articles thereof 60 386 39 379 413 550
G-Raw Hide and Skins, Leather, Fur skins and Articles thereof 1,238 691 1,000 97 80 77
41-Raw Hides, Skins and Leather other than Fur skins 532 587 379 61 41 46
42-Articles of Leather, Travel Goods and Handbags etc 705 66 622 35 38 30
43-Furskins and Artificial Fur, Manufactures thereof 1 38 0 1 1 1
H-Wood and Articles of Wood 46 5 38 124 155 174
44-Wood and Articles of Wood; Wood Charcoal 44 2 38 123 154 173
45-Cork and Articles of Cork 0 1 0 1 0 0
46-Manufactured of Straw, Basketware and Wickerwork 2 1 1 0 0 0
I-Pulp of Wood or of other Fibrous Cellulosic Material 68 88 126 694 703 749
47-Pulp of Wood or other Fibrous Cellulosic Materials 1 74 3 100 88 109
48-Paper and Paperboard, Articles of Paper Pulp 64 8 113 563 579 594
49-Books, Newspapers & Products of Printing Industry 4 6 11 31 36 47
P: Provisional

123
SBP Annual Report-Statistical Supplement FY 17

9.16 Exports and Imports by Commodity Groups/ Principal Commodity


(a) State Bank of Pakistan
(Million US Dollars)
Exports Imports
Commodity Groups/Commodity
FY15 FY16 FY17P FY15 FY16 FY17P
J-Textiles and Textile Articles 13,666 12,945 12,548 2,451 3,186 4,017
50-Silk 4 11 5 54 63 45
51-Wool, Fine or Coarse Animal Hair, Horsehair Yarn 13 3,446 8 12 9 19
52-Cotton 4,589 353 3,405 626 1,348 1,473
53-Other Vegetable Textile Fibres; Paper Yarn etc. 3 14 4 51 39 46
54-Man-Made Filaments 42 264 19 589 582 668
55-Man-Made Staple Fibers 353 133 264 670 636 687
56-Wadding, Felt and Nonwovens, Special Yarn, Twine 104 107 96 60 77 492
57-Carpets and other Textile Floor Coverings 126 109 94 9 15 13
58-Special Woven Fabrics,Tufted Textiles Fabrics,Lace 77 21 111 34 38 52
59-Impregnated, Coated, Covered or Lamented Tex. Fab. 48 50 20 61 72 99
60-Knitted or Crocheted Fabrics 44 2,173 40 36 50 156
61-Articles of Apparel & Clothing Accessories Knit/Cr 2,330 2,184 2,411 41 43 50
62-Articles of Apparel/Clothing Acces not Knited /Cro 2,036 3,672 2,273 30 41 44
63-Other Made-up Textile Articles; Sets, Worn Clothin 3,895 408 3,798 179 173 171
K-Footwear, Headgear, Umbrellas, Walking Sticks etc. 117 37 92 53 59 78
64-Footwear, Gaiters & the Like; Parts of such Articl 116 9 90 50 56 72
65-Headgear and other Parts thereof 1 0 1 3 2 5
66-Umbrellas, Walking-Sticks, hips Riding-Crops,Parts 0 0 0 0 0 0
67-Prep Feathers, Human Hair/Artcls, Artific Flowers 0 28 0 1 0 1
L-Articles of Stone, Plaster, Cement, Asbestos, Mica or similar Materials 71 36 45 188 218 277
68-Articles of Stone, Plaster, Cement, Mica etc. 39 11 21 25 33 40
69-Ceramic Products 12 10 9 97 105 131
70-Glass and Glassware 21 15 14 66 79 106
M-Natural or Cultured Pearls, Precious or Semi Precious Stones, Metals 27 38 17 5 6 5
71-Pearls, Stones, Precious Metals, Imitation Jewelry 27 38 17 5 6 5
N-Base Metals and Articles or Base Metal 531 475 426 3,267 3,663 3,786
72-Iron and Steel 63 96 57 2,346 2,401 2,495
73-Articles of Iron or Steel 157 157 78 350 530 566
74-Copper and Articles thereof 189 17 170 136 211 150
75-Nickel and Articles thereof 0 33 0 19 19 17
76-Aluminum and Articles thereof 46 4 28 204 267 281
78-Lead and Articles thereof 3 1 3 92 90 107
79-Zinc and Articles thereof 1 0 19 41 51 49
80-Tin and Articles thereof 0 0 1 6 4 6
81-Other Base Metals; Cermets; Articles thereof NES 4 58 1 10 11 10
82-Tools, Implements, Cutlery, Spoons & Forks of Base 64 7 65 31 42 52
83-Miscellaneous Articles of Base Metal 3 103 3 35 37 52
O-Machinery and Mechanical Appliances 219 72 143 5,444 6,853 7,620
84-Nuclear Reactors, Boilers, Machinery and Appliance 133 69 102 2,899 3,447 4,956
85-Electrical Machinery & Equipment and Parts thereof 86 3 41 2,545 3,406 2,664
P-Vehicles, Aircraft, Vessels and Associated Transport Equipment 46 398 38 1,993 1,885 2,667
86-Railway or Tramway Locomotives rolling Stock/Parts 1 29 0 167 61 262
87-Vehicles other than Railway /Tramway Rolling Stock 44 3 36 1,056 1,287 1,798
88-Aircraft, Spacecraft and Parts Thereof 0 3 0 86 128 203
89-Ships, Boats and Floating Structures 2 363 2 684 409 404
Q-Optical, Photographic, Cinematographer, Measuring, Checking, Precision 388 61 406 530 593 668
90-Optical, Photographic, Measuring and Medical Inst. 379 50 390 511 568 647
91-Clocks and Watches and Parts Thereof 6 4 12 16 24 21
92-Musical Instruments; Parts and Accessories thereof 3 7 4 3 1 0
R-Arms and Ammunition, Parts and Accessories thereof 6 92 9 31 21 86
93-Arms and Ammunition; Parts and Accessories thereof 6 92 9 31 21 86
S-Miscellaneous Manufactured Articles 572 449 532 251 262 319
94-Furniture; Bedding, Mattresses, Lamps and lighting 106 394 93 100 74 110
95-Toys, Games and Sports Requisites; Parts & Acces. 436 53 420 32 25 43
96-Miscellaneous Manufactured Articles 29 1 18 118 163 166
T-Works of Arts, Collectors, Pieces, Antiques and Special Transactions NES 3 33 3 8 1,037 1,036
97-Works of Arts, Collectors' pieces and Antiques 0 0 3 0 0 0
99-Special Classification Provisions 3 33 1 7 1,037 1,036
I. Export Receipts/Import payments through Banks 24,614 21,817 21,346 41,486 40,364 47,286
II. Freight on Export 602 460 421 2,489 1,413 1,655
III. Export Receipts/Import payments Banks (fob) (I-II) 24,011 21,357 20,926 38,997 38,951 45,631
IV. Other Exports/Imports 79 615 760 2,360 2,304 2,952
Total Export/Imports as per BOP (III+IV) 24,090 21,972 21,686 41,357 41,255 48,582
Source : Statistics & DWH Department SBP

124
External Sector

9.16 Exports and Imports by Commodity Groups/ Principal Commodity


(a) Pakistan Bureau of Statistics
(Million US Dollars)
Exports Imports
Commodity Groups/Commodity
FY15 FY16 FY17 * FY15 FY16 FY17 *
Grand Total 23,667 20,787 18,516 45,826 44,685 48,400

A-Live Animals and Animals Products 714 691 640 265 251 218
01-Live Animals 3 4 6 19 20 24
02-Meat and Edible Meat Offal 241 268 199 5 6 7
03-Fish and Crustaceans 345 318 360 16 15 20
04-Dairy, Eggs, Honey and Edible Products 90 77 57 221 205 162
05-Products of Animal origin NES 35 25 18 4 4 5
B-Vegetable Products 3,294 2,910 2,362 2,589 2,943 3,242
06-Live Trees and other Plants 2 2 2 2 4 4
07-Edible Vegetables 215 197 161 650 764 1,133
08-Edible Fruits and Nuts 433 421 348 210 344 320
09-Coffee, Tea, Mate and Spices 72 84 82 450 661 620
10-Cereals 2,042 1,883 1,473 293 148 95
11-Products of Milling Industry 318 211 186 18 13 16
12-Oil Seeds and Oleaginous Fruit 112 75 74 923 961 1,002
13-Other Vegetable Saps and Extracts; Lac,Gums,Resins 68 28 30 13 18 17
14-Vegetable Planting Materials 33 7 6 28 30 34
C-Animal or Vegetable Fats, Oils and Waxes 92 56 48 1,921 1,948 1,953
15-Animal or Vegetable Fats, Oils & Cleavage 92 56 48 1,921 1,948 1,953
D-Prepared Foodstuffs; Beverages, Spirits, Vinegar and Tobacco 998 726 710 888 766 602
16-Preparation of Meat, Fish and Crustaceans etc. 8 9 6 7 7 8
17-Sugars and Sugar Confectionery 457 262 280 43 40 38
18-Cocoa and Cocoa Preparations .. .. 0 39 33 32
19-Preparation of Cereals, Flour and Starch etc. 63 48 46 117 129 131
20-Preparation of Vegetables, Fruits and Nuts etc. 61 45 48 45 45 50
21-Miscellaneous Edible Preparations 25 28 25 88 71 66
22-Beverages, Spirits and Vinegar 329 279 262 8 8 8
23-Residues from Food Industries, Animal Fodder 39 42 28 527 420 255
24-Tobacco and Manufactured Tobacco Substitutes 15 12 15 15 14 13
E-Mineral Products 1,304 701 644 12,731 9,031 10,832
25-Salt, Sulfur, Earth's and Stones, Lime and Stone 621 477 354 114 127 119
26-Ores Slag and Ash 95 64 126 37 11 5
27-Mineral Fuels, Oils and Their Distillation Product 588 160 164 12,580 8,894 10,708
F-Products of Chemical or Allied Industries 396 339 329 5,752 5,474 5,223
28-Organic or Inorganic Compounds of Precious Metals 27 21 18 514 520 427
29-Organic Chemicals 27 3 7 1,978 1,904 1,959
30-Pharmaceutical Products 212 204 195 758 708 701
31-Fertilizers .. .. 7 916 728 576
32-Tanning or Dyeing Extracts 42 31 31 396 416 411
33-Oils & Resinoids, Perfumery or Toilet Preparation 18 21 20 161 181 189
34-Soap, Org. Surface-Active agents ,Washing Products 30 22 17 191 207 192
35-Albuminoidal Substances; Starches, Glues, Enzymes 8 9 6 48 55 64
36-Explosives, Pyrotechnic Products and Matches etc. 17 12 9 2 3 2
37-Photographic or Cinematographic Goods .. .. 0 34 32 27
38-Miscellaneous Chemical Products 15 16 19 755 719 675
G-Plastics and Articles thereof; Rubber and Articles thereof 342 274 264 2,439 2,503 2,460
39-Plastics and Articles thereof 326 256 244 1,909 1,941 1,886
40-Rubbers and Articles thereof 16 18 20 530 562 574
H-Raw Hide and Skins, Leather, Fur skins and Articles thereof 1,217 1,018 884 122 92 81
41-Raw Hides, Skins and Leather other than Fur skins 490 364 315 95 60 50
42-Articles of Leather, Travel Goods and Handbags etc 727 653 568 27 31 30
43-Furskins and Artificial Fur, Manufactures thereof 0 1 0 1 1 1
I-Wood and Articles of Wood 55 45 36 162 192 192
44-Wood and Articles of Wood; Wood Charcoal 54 44 35 162 191 192
45-Cork and Articles of Cork - - 0 .. .. 0
46-Manufactured of Straw, Basketware and ork Wickerw 1 1 1 .. .. 0
J-Pulp of Wood or of other Fibrous Cellulosic Material 60 82 101 780 703 685
47-Pulp of Wood or other Fibrous Cellulosic Materials .. .. 0 118 116 113
48-Paper and Paperboard, Articles of Paper Pulp 55 77 98 533 544 518
49-Books, Newspapers & Products of Printing Industry 5 4 3 129 43 53
*July-May FY17

125
SBP Annual Report-Statistical Supplement FY 17

9.16 Exports and Imports by Commodity Groups/ Principal Commodity


(b) Pakistan Bureau of Statistics
(Million US Dollars)
Exports Imports
Commodity Groups/Commodity
FY15 FY16 FY17 * FY15 FY16 FY17 *

K-Textiles and Textile Articles 13,567 12,537 11,302 2,603 3,181 3,136
50-Silk 2 2 1 50 56 43
51-Wool, Fine or Coarse Animal Hair, Horsehair Yarn 11 8 5 18 18 19
52-Cotton 4,515 3,614 3,192 465 876 937
53-Other Vegetable Textile Fibres; Paper Yarn etc. 2 3 2 49 40 48
54-Man-Made Filaments 30 21 30 670 719 668
55-Man-Made Staple Fibers 345 300 156 797 750 671
56-Wadding, Felt and Nonwovens, Special Yarn, Twine 103 112 97 95 117 116
57-Carpets and other Textile Floor Coverings 119 98 72 18 24 21
58-Special Woven Fabrics,Tufted Textiles Fabrics,Lace 17 26 17 34 33 35
59-Impregnated, Coated, Covered or Lamented Tex. Fab. 10 8 4 82 96 117
60-Knitted or Crocheted Fabrics 36 43 29 83 146 177
61-Articles of Apparel & Clothing Accessories Knit/Cr 2,406 2,362 2,106 30 41 55
62-Articles of Apparel/Clothing Acces not Knited /Cro 2,095 2,195 2,076 33 36 23
63-Other Made-up Textile Articles; Sets, Worn Clothin 3,876 3,746 3,515 178 229 206
L-Footwear, Headgear, Umbrellas, Walking Sticks etc. 135 114 90 95 110 113
64-Footwear, Gaiters & the Like; Parts of such Articl 132 111 88 88 98 103
65-Headgear and other Parts thereof 2 2 1 3 5 5
66-Umbrellas, Walking-Sticks, hips Riding-Crops,Parts .. .. 0 2 2 2
67-Prep Feathers, Human Hair/Artcls, Artific Flowers .. .. 0 3 4 4
M-Articles of Stone, Plaster, Cement, Asbestos, Mica or similar 60 44 36 338 414 401
M t i l of Stone, Plaster, Cement, Mica etc.
68-Articles 29 24 19 55 61 62
69-Ceramic Products 10 10 7 170 223 199
70-Glass and Glassware 21 10 10 113 129 141
N-Natural or Cultured Pearls, Precious or Semi Precious Stones, Metals 15 13 8 44 49 33
71-Pearls, Stones, Precious Metals, Imitation Jewelry 15 13 8 44 49 33
O-Base Metals and Articles or Base Metal 481 331 291 3,835 4,257 4,176
72-Iron and Steel 39 39 44 2,517 2,761 2,628
73-Articles of Iron or Steel 181 107 76 600 661 746
74-Copper and Articles thereof 132 66 65 150 159 159
75-Nickel and Articles thereof .. .. 1 18 18 15
76-Aluminum and Articles thereof 33 28 22 255 346 315
78-Lead and Articles thereof 1 1 0 97 88 99
79-Zinc and Articles thereof 1 1 2 29 42 32
80-Tin and Articles thereof .. .. 0 6 4 5
81-Other Base Metals; Cermets; Articles thereof NES .. .. .. 13 8 11
82-Tools, Implements, Cutlery,Spoons & Forks of Base 91 88 0 79 88 90
83-Miscellaneous Articles of Base Metal 2 2 81 72 81 76
P-Machinery and Mechanical Appliances 171 153 123 7,498 8,618 10,919
84-Nuclear Reactors, Boilers, Machinery and Appliance 108 87 72 4,050 4,408 6,563
85-Electrical Machinery & Equipment and Parts thereof 63 66 51 3,448 4,209 4,356
Q-Vehicles, Aircraft, Vessels and Associated Transport Equipment 53 37 35 2,639 2,880 2,908
86-Railway or Tramway Locomotives rolling Stock/Parts .. .. 1 228 57 229
87-Vehicles other than Railway /Tramway Rolling Stock 52 36 33 1,545 1,848 2,214
88-Aircraft, Spacecraft and Parts Thereof .. .. 0 144 291 72
89-Ships, Boats and Floating Structures 1 1 1 722 681 393
R-Optical, Photographic, Cinematographer, Measuring, Checking, 347 368 312 631 714 678
P i i APhotographic, Measuring and Medical Inst.
90-Optical, 344 361 310 611 684 656
91-Clocks and Watches and Parts Thereof .. .. 0 19 30 21
92-Musical Instruments; Parts and Accessories thereof 3 7 2 1 1 1
S-Arms and Ammunition, Parts and Accessories thereof 1 4 6 20 6 5
93-Arms and Ammunition; Parts and Accessories thereof 1 4 6 20 6 5
20-Miscellaneous Manufactured Articles 365 343 291 466 458 505
94-Furniture; Bedding, Mattresses, Lamps and lighting 98 85 72 110 137 204
95-Toys, Games and Sports Requisites; Parts & Acces. 236 233 182 72 70 78
96-Miscellaneous Manufactured Articles 31 26 37 283 251 223
T-Works of Arts, Collectors, Pieces, Antiques and Special Transactions 1 1 1 8 96 37
NES
97-Works of Arts, Collectors' pieces and Antiques .. .. 0 8 96 1
99-Special Classification Provisions .. .. 1 .. .. 36
*July-May FY17 Source : Pakistan Bureau of Statistics

126
External Sector

9.17 Exports and Imports by Selected Countries/Territories


(a) State Bank of Pakistan
(Million US Dollar)
Exports Imports
Country / Territory
FY15 FY16 FY17P FY15 FY16 FY17P

A. Latin America 32 34 33 57 91 90

B. Central America 151 153 126 66 33 40


Mexico 113 108 92 11 9 10
Others 39 45 34 55 24 30

C. South America 296 250 239 305 519 355


Argentina 44 52 47 141 194 114
Brazil 62 46 41 141 294 211
Uruguay 7 6 9 3 5 9
Others 183 147 143 19 27 22

D North America 4,205 3,952 3,919 1,488 1,936 2,538


Canada 242 231 236 289 454 434
USA 3,961 3,717 3,681 1,197 1,480 2,102
Others 2 3 1 2 2 3

E. Eastern Europe 492 449 452 513 396 468


Hungary 16 15 16 15 30 33
Romania 23 20 21 76 14 43
Russian Federation 193 151 132 76 147 188
Ukraine 56 39 34 219 70 60
Others 204 222 250 127 135 143

F. Northern Europe 2,121 2,105 2,110 1,380 1,227 1,400


Denmark 121 143 155 53 62 130
Finland 38 27 28 91 46 62
Norway 54 46 45 9 7 9
Sweden 150 133 155 373 311 320
United Kingdom 1,638 1,629 1,619 772 653 795
Others 121 127 108 82 148 83

G. Southern Europe 1,817 1,724 1,759 530 667 810


Greece 64 60 60 16 12 13
Italy 733 642 666 347 409 547
Spain 788 787 803 124 211 212
Others 232 234 231 44 35 39

H. Western Europe 2,896 2,795 2,967 2,844 3,311 3,657


Belgium 497 503 590 328 435 388
France 503 430 420 427 381 421
Germany 1,215 1,217 1,236 895 969 1,095
Netherlands 557 555 643 355 619 730
Switzerland 94 65 57 648 736 850
Others 30 25 21 191 170 173

I. Eastern Africa 759 666 647 379 524 553


Kenya 287 252 283 278 389 435
Mauritius 36 29 23 6 5 3
United Republic of Tanzania 94 102 80 14 20 15
Others 343 283 260 81 110 100

P: Provisional

127
SBP Annual Report-Statistical Supplement FY 17

9.17 Exports and Imports by Selected Countries/Territories


(a) State Bank of Pakistan
(Million US Dollars)
Exports Imports
Country / Territory
FY15 FY16 FY17P FY15 FY16 FY17P

J. Middle Africa 71 64 59 11 47 11

K. Northern Africa 260 201 168 427 417 358


Egypt 147 113 84 125 108 109
Morocco 14 12 19 286 301 239
Others 98 75 64 16 8 10

L. Southern Africa 277 200 178 282 284 393


South Africa 260 189 166 258 264 300
Others 17 11 12 24 20 93

M. Western Africa 280 232 215 87 78 70

N. Eastern Asia 3,313 2,632 2,361 9,883 11,869 13,663


China 2,321 1,905 1,622 7,025 8,824 10,531
Hong Kong 402 276 204 777 1,018 786
Japan 246 197 205 1,401 1,398 1,697
Republic of Korea 336 244 329 673 625 648
Others 7 10 2 7 4 2

O. South-Central Asia 3,131 2,766 2,508 1,581 1,983 1,893


Afghanistan 1,699 1,230 1,128 37 41 68
Bangladesh 689 695 623 54 46 57
India 415 400 408 1,424 1,809 1,688
Iran 31 31 30 0 0 0
Sri Lanka 253 257 251 47 60 57
Others 43 154 68 18 27 22

P. South Eastern Asia 1,299 981 1,085 6,807 5,989 7,066


Indonesia 137 126 153 1,112 1,220 1,046
Malaysia 188 144 139 814 825 925
Singapore 523 284 227 4,050 3,008 4,059
Thailand 119 97 137 634 719 815
Others 331 329 430 196 217 221

Q. Western Asia 2,836 2,279 2,144 14,239 10,388 13,150


Bahrain 70 58 57 133 153 253
Jordan 56 41 46 14 11 23
Kuwait 89 100 93 2,218 1,173 1,109
Saudi Arabia 496 448 359 3,313 2,060 2,410
Turkey 323 215 249 238 249 305
United Arab Emirates 1,296 1,083 1,063 7,404 6,086 7,692
Others 506 336 278 918 657 1,357
- - -
R. Australia & New Zealand 238 258 300 382 350 454
Australia 177 212 251 309 289 385
New Zealand 42 38 43 57 56 54
Others 19 9 6 16 5 15
- - -
S. Others 139 77 76 225 253 316

I. Export Receipts/Import payments 24,848 24,614 21,817 21,346 41,486 40,364


through Banks

II. Freight on Export/Imports 600 602 460 421 2,489 1,413

III. Export Receipts/Import payments


24,248 24,011 21,357 20,926 38,997 38,951
Banks (fob) (I-II)

IV. Other Exports/Imports 830 79 615 760 2,360 2,304

Total Export/Imports as per BOP


25,078 24,090 21,972 21,686 41,357 41,255
(III+IV)
Source : Statistics & DWH Department SBP

128
External Sector

9.17 Exports and Imports by Selected Countries/Territories


(b) Pakistan Bureau of Statistics
(Million US Dollar)
Exports Imports
Country / Territory
FY15 FY16 FY17 * FY15 FY16 FY17 *

Grand Total 23,667 20,787 18,516 45,826 44,685 48,400

A. Latin America 32 29 28 8 49 17

B. Central America 150 147 116 59 61 67


Mexico 111 103 86 45 49 53
Others 39 44 30 14 12 14

C. South America 303 242 219 598 987 630


Argentina 41 55 38 324 515 234
Brazil 70 38 38 213 422 369
Uruguay 8 6 7 4 2 1
Others 184 144 135 56 48 26

D North America 3,925 3,718 3,298 2,213 2,416 3,044


Canada 228 216 207 430 639 693
USA 3,697 3,501 3,091 1,783 1,777 2,351
Others .. .. 0 .. .. 0

E. Eastern Europe 468 425 404 1,056 611 760


Hungary 11 12 11 28 38 46
Romania 24 19 20 184 32 75
Russian Federation 184 146 122 206 217 275
Ukraine 56 37 35 379 134 94
Others 194 211 217 260 190 270

F. Northern Europe 2,033 2,009 1,835 1,303 1,179 1,035


Denmark 101 127 131 188 114 75
Finland 43 31 27 108 59 51
Norway 51 42 40 12 9 11
Sweden 128 119 123 245 191 188
United Kingdom 1,582 1,580 1,408 604 622 617
Others 128 109 105 145 185 93

G. Southern Europe 1,771 1,763 1,622 655 840 768


Greece 70 63 57 9 10 9
Italy 667 649 589 423 495 497
Spain 807 808 736 153 255 213
Others 228 243 240 70 80 50

H. Western Europe 2,872 2,752 2,610 2,795 3,358 3,443


Belgium 614 608 567 191 540 332
France 377 345 331 412 394 592
Germany 1,175 1,131 1,083 962 937 1,015
Netherlands 675 640 606 336 432 489
Switzerland 13 12 11 288 260 238
Others 17 16 12 606 796 777

I. Eastern Africa 787 685 616 483 634 574


Kenya 313 257 276 274 401 407
Mauritius 28 17 15 39 32 4
United Republic of Tanzania 112 133 86 18 23 22
Others 333 278 239 151 179 141

*July-May FY17

129
SBP Annual Report-Statistical Supplement FY 17

9.17 Exports and Imports by Selected Countries/Territories


(b) Pakistan Bureau of Statistics
(Million US Dollars)
Exports Imports
Country / Territory
FY15 FY16 FY17 * FY15 FY16 FY17 *

J. Middle Africa 76 63 47 13 13 7

K. Northern Africa 280 223 173 466 490 410


Egypt 151 116 78 137 128 129
Morocco 15 16 18 317 335 255
Others 114 92 77 12 27 26

L. Southern Africa 268 190 157 503 486 728


South Africa 260 184 149 486 470 718
Others 8 7 8 17 17 10

M. Western Africa 359 287 185 82 87 104

N. Eastern Asia 3,121 2,310 1,968 13,232 15,222 16,954


China 2,169 1,670 1,359 10,395 12,099 13,884
Hong Kong 286 166 113 81 74 70
Japan 182 176 155 1,685 1,825 1,922
Republic of Korea 342 257 290 667 771 689
Others 141 40 50 404 453 389

O. South-Central Asia 3,353 2,772 2,426 2,408 2,634 2,373


Afghanistan 1,961 1,437 1,189 322 410 320
Bangladesh 697 693 582 62 51 55
India 358 304 335 1,700 1,780 1,586
Iran 30 35 29 239 283 271
Sri Lanka 267 247 230 58 75 88
Others 39 55 61 26 36 53

P. South Eastern Asia 1,176 802 829 5,072 4,877 5,019


Indonesia 143 126 135 2,069 2,136 2,111
Malaysia 205 160 120 951 926 860
Singapore 300 85 47 979 625 698
Thailand 126 107 123 843 845 1,005
Others 402 324 404 231 345 345

Q. Western Asia 2,488 2,084 1,708 14,436 10,162 11,855


Bahrain 75 66 46 44 77 67
Jordan 50 40 43 36 23 29
Kuwait 96 100 79 2,478 1,338 1,248
Saudi Arabia 450 417 315 3,596 2,107 1,988
Turkey 309 225 247 191 242 230
United Arab Emirates 1,016 821 699 6,729 5,497 6,764
Others 492 405 280 1,363 878 1,528

R. Australia & New Zealand 203 268 254 446 577 611
Australia 163 221 218 385 512 555
New Zealand 40 38 37 60 64 55
Others .. 8 - .. .. 1

S. Others 3 18 21 2 1 1

*July-May FY17 Source : Pakistan Bureau of Statistics

130
SBP Annual Report-Statistical Supplement FY 17

10.1 Education Sector Indicators

Total Female
Item
2012-13 2013-14 2014-15 2015-16 2016-17 P 2012-13 2013-14 2014-15 2015-16 2016-17 P
Educational Institutions
Schools (Thousand) 232 231 242 242 246 94 94 102 108 114
Primary 160 158 166 165 167 60 60 66 65 67
Middle 42 43 45 46 47 21 21 22 27 30
High 30 31 31 32 32 12 13 13 16 17
Technical & Vocational 3,290 3,323 3,579 3,746 3,905 2,253 2,276 1,819 1,514 1,345
Higher Sec/Inter Colleges 5,030 5,179 5,393 5,470 5,572 2,410 2,462 2,567 1,437 1,238
Degree Colleges 1,534 1,086 1,410 1,418 1,562 683 518 308 260 217
Universities 147 161 163 163 164 7 10 12 13
Teachers
Schools (Thousand) 1,281 1,285 1,326 1,368 1,398 738 749 781 815 838
Primary 429 420 431 445 453 209 210 219 226 232
Middle 363 365 381 394 405 242 244 256 270 280
High 490 501 514 530 540 287 296 306 318 326
Technical & Vocational 16,109 16,377 19,393 18,157 18,815 5,168 5,259 5,353 4,384 4,141
Higher Sec/Inter Colleges 132,011 124,336 118,079 123,061 122,640 71,121 58,867 63,569 66,528 69,414
Degree Colleges 48,809 25,964 36,587 37,082 42,375 19,319 7,599 7,239 7,379 7,308
Universities 77,557 77,557 88,288 83,375 85,460 1,581 1,652 2,252
Indicators
Enrollment
Schools (Thousand) 27,876 29,011 29,930 32,126 33,282 12,146 12,668 13,113 14,140 14,692
Primary Stage (I-V) 18,790 19,441 19,847 21,551 22,330 8,278 8,567 8,778 9,534 9,893
Middle Stage (VI-VIII) 6,188 6,461 6,582 6,922 7,087 2,653 2,798 2,843 3,026 3,108
High Stage (IX-X) 2,898 3,109 3,501 3,653 3,865 1,215 1,303 1,492 1,580 1,691
Technical & Vocational (Thousand) 302 309 320 315 317 113 117 112 112 110
Higher Sec/Inter Colleges 1,400 1,234 1,665 1,698 1,911 395 497 662 675 756
Degree Colleges 641,539 674,451 1,144,82 937,132 1,058,795 234,006 326,858 171,324 86,134 64,989
Universities 1,594,64 1,594,64 1,299,16 1,355,64 1,287,923 805,062 805,062 602,550 602,509 551,979
Gross Enrollment Rate
Primary Stage (I-V ) 90 91 89 81 82 81
Middle Stage (VI-VIII) 55 67 50 56
High Stage (IX-X) 58 58 49 50
Net Enrollment Rate
Primary Stage (I-V) 57 67 57 53 62
Middle Stage (VI-VIII) 21 37 35 34
High Stage (IX-X) 14 27 13 24
Enrollment per Institution
Primary to High Stage (I-X) 120 125 124 133 135 129 135 129 131 129
Technical & Vocational 92 93 89 84 81 50 51 62 74 82
Higher Sec/Inter Colleges 278 238 309 310 343 164 202 258 470 611
Degree Colleges 418 621 812 661 678 343 631 556 331 299
Universities 10,848 9,905 7,970 8,317 7,853 5,477 5,000 3,697 3,696 3,366
Enrollment per Teacher
Primary to High Stage (I-X) 22 23 23 23 16 17 17 17
Technical & Vocational 19 19 17 16 22 22 21 21
Higher Sec/Inter Colleges 11 10 14 14 6 8 10 12
Degree Colleges 4,849 3,951 3,327 3,269
Universities 7 8 8
--- Not Available P Provincial Source: Pakistan Economic Survey & PBS

132
Social Sector Developments

10.2 Health Sector Indicators


(Progressive Numbers)
Data-End of the Year Growth%
Item
2012 2013 2014 2015 2016 2012 2013 2014 2015 2016

Hospitals 1,092 1,113 1,143 1,172 1,201 11.4 1.9 2.7 2.5 2.5
Dispensaries 5,176 5,413 5,548 5,695 5,802 2.7 4.6 2.5 2.6 1.9
BHUs Sub Health Centers 5,478 5,571 5,438 5,478 5,518 0.5 1.7 (2.4) 0.7 0.7
Maternity and Child Health Centers 628 687 670 733 731 (26.2) 9.4 (2.5) 9.4 (0.3)
Rural Health Centers 640 667 669 684 683 10.5 4.2 0.3 2.2 (0.1)
TB Centers 326 329 334 339 347 (5.5) 0.9 1.5 1.5 2.4
Total Beds 111,802 118,378 118,170 119,548 123,394 4.0 5.9 (0.2) 1.2 3.2
Registered Doctors 160,880 167,759 175,223 184,711 195,896 5.6 4.3 4.4 5.4 6.1
Registered Dentists 12,692 13,716 15,106 16,652 18,333 9.0 8.1 10.1 10.2 10.1
Registered Nurses 82,119 86,183 90,276 94,766 99,228 5.7 4.9 4.7 5.0 4.7
Registered Midwives 31,503 32,677 33,687 34,668 36,326 2.5 3.7 3.1 2.9 4.8
Registered Lady Health Visitors 13,678 14,388 15,325 16,448 17,384 8.4 5.2 6.5 7.3 5.7
Indicators
Population per Bed 1,616 1,557 1,591 1,604 1,584 (1.9) (3.7) 2.2 1.4 (1.2)
Population per
Doctor 1,123 1,099 1,073 1,038 997 (3.4) (2.2) (2.4) (3.3) (3.9)
Dentist 14,238 13,441 12,447 11,513 10,658 (6.3) (5.6) (7.4) (7.5) (7.4)
Nurse 2,201 2,139 2,083 2,023 1,968 (3.5) (2.8) (2.6) (2.9) (2.7)
Infant Mortality Rate (per thousand) 71 69 67 66 62 (1.5) (2.8) (2.9) (1.5) (6.1)
Maternal Mortality Rate (per 100000) 197 190 184 178 170 -- (3.6) (3.2) (3.3) (4.5)
Life Expectancy Rate at Birth
Male 64 65 65 65 66 0.6 0.5 0.5 0.5 0.5
Female 66 67 67 67 68 0.5 0.6 0.6 0.6 0.6

--- Not Available Source: Pakistan Economic Survey

10.3 Labour Force and Employment


(Million Nos.)
Mid Year 2010 2011 2012 2013 2014 2015

Population 172.57 176.20 180.71 183.57 186.19 190.19


Rural 105.70 107.00 120.10 121.66 121.56 123.36
Urban 66.87 69.20 60.61 61.91 64.63 66.83
Working Age Population 124.06 126.60 129.84 132.07 132.24 134.99
Rural 80.08 81.77 83.87 84.96 83.62 85.60
Urban 43.98 44.83 45.97 47.11 48.62 49.39
Labor Force 56.92 57.84 59.33 59.74 60.09 61.04
Rural 39.56 40.12 41.15 41.23 41.12 41.95
Urban 17.36 17.72 18.18 18.51 18.97 19.09
Employed Labor Force 53.76 54.40 55.80 56.01 56.52 57.42
Rural 37.66 38.24 39.22 39.14 39.07 39.85
Urban 16.10 16.16 16.58 16.87 17.45 17.57
Unemployment Rate (%) 5.55 5.95 5.95 6.24 6.00 5.90
Rural 4.82 4.68 4.68 5.10 5.00 5.00
Urban 7.21 8.84 8.84 8.80 8.00 8.00
Labor Force Participation Rate (%) 32.98 32.83 32.83 32.90 32.30 32.30
Rural 34.50 34.26 34.26 34.23 33.80 34.00
Urban 29.99 29.99 29.99 30.21 29.40 29.00

Source: Pakistan Economic Survey

133
SBP Annual Report-Statistical Supplement FY 17

10.4 Pro-poor Budgetary Expenditure


(Billion Rupees)
Expenditure as % of GDP
Sectors
2012-13 2013-14 2014-15 2015-16 2016-17 P 2012-13 2013-14 2014-15 2015-16 2016-17 P

Community Services 128.76 128.50 244.98 461.06 172.68 0.58 0.51 0.89 1.58 0.54

Roads, Highways and Bridges 94.75 96.50 190.88 397.51 149.77 0.42 0.38 0.70 1.37 0.47

Water Supply and Sanitation 34.01 32.00 54.09 63.55 22.91 0.15 0.13 0.20 0.22 0.07

Human Development 753.84 864.08 1,040.41 774.94 508.52 3.37 3.43 3.79 2.66 1.60

Education 479.90 537.60 599.05 263.36 310.16 2.14 2.14 2.18 0.90 0.97

Health 161.20 201.99 231.17 267.95 111.87 0.72 0.80 0.84 0.92 0.35

Population Planning 7.14 12.61 13.94 10.89 3.04 0.03 0.05 0.05 0.04 0.01

Social Security and other Welfare 72.90 93.48 155.73 173.53 76.47 0.33 0.37 0.57 0.60 0.24

Natural Calamities & Disasters 32.70 18.40 40.53 59.20 7.00 0.15 0.07 0.15 0.20 0.02

Rural Development 185.30 177.42 234.21 281.04 95.90 0.83 0.70 0.85 0.97 0.30

Agriculture 148.60 157.89 199.90 239.02 88.48 0.66 0.63 0.73 0.82 0.28

Land Reclamation 4.80 4.80 5.18 4.60 0.88 0.02 0.02 0.02 0.02 ..

Rural Development 31.90 14.73 29.12 37.42 6.55 0.14 0.06 0.11 0.13 0.02

Safety Nets 602.50 502.77 459.91 437.55 77.06 2.69 2.00 1.68 1.50 0.24

Subsidies 556.10 502.10 459.33 437.09 76.90 2.48 1.99 1.67 1.50 0.24

Peoples Works Programme-I 3.30 - - - - 0.01 - - - -

Peoples Works Programme-II 42.50 - - - - 0.19 - - - -

Low Cost Housing 0.60 0.68 0.58 0.46 0.17 .. .. .. .. ..

Governance 242.80 261.41 295.02 339.99 163.31 1.08 1.04 1.08 1.17 0.51

Administration of Justice 22.50 24.38 26.04 33.26 18.45 0.10 0.10 0.09 0.11 0.06

Law and Order 220.30 237.03 268.98 306.74 144.86 0.98 0.94 0.98 1.05 0.45

Total 1,913.30 1,934.20 2,162.70 1,122.70 1,017.48 8.55 7.68 7.88 3.86 3.19

Source: Ministry of Finance Government of Pakistan

GDP mp (Current Basic Price)

134
SBP Annual Report-Statistical Supplement FY 16

Glossary
Chapter 2-Economic Growth, Savings and Investment
Gross Domestic Product
GDP, of a country is one of the ways of measuring the size of its economy. GDP is defined as the total
market value of all final goods and services produced within a given country in a given period of time
(usually a calendar year). It is also considered the sum of value added at every stage of production (the
intermediate stages) of all final goods and services produced within a country in a given period of time,
and it is expressed in monetary terms.

Followings are the three approaches to measuring and understanding GDP:

i. Expenditure Based
Expenditure-based gross domestic product is total final expenditures at purchasers prices
(including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of
goods and services.

ii. Income Based


Income-based gross domestic product is compensation of employees, plus taxes less subsidies on
production and imports, plus gross mixed income, plus gross operating surplus.

iii. Output Based


Output-based gross domestic product is the sum of the gross values added of all resident producers
at basic prices, plus all taxes less subsidies on products.

Gross Fixed Capital Formation


The estimates of GFCF in Pakistan are primarily constructed separately for private and public sectors by
economic activity as well as by capital assets. It comprises expenditure incurred on the acquisition of
fixed assets, replacement, additions and major improvements of fixed capital viz. land improvement,
buildings, civil and engineering works, machinery, transport equipment and furniture and fixture.

Gross National Income


GNI measures the total economic growth of a country and takes into consideration income and taxes
earned both internationally and domestically, while GNP only measures the income and taxes
earned by domestic citizens.

Basic Price
The basic price is the amount receivable by the producer from the purchaser for a unit of a good or
service produced as output minus any tax payable, and plus any subsidy receivable, on that unit as a
consequence of its production or sale; it excludes any transport charges invoiced separately by the
producer.

Gross Value added at Basic Prices


Gross value added at basic prices is output valued at basic prices less intermediate consumption valued at
purchasers prices.

Net National Income


Net national income (NNI) is the aggregate value of the balances of net primary incomes summed over
all sectors is described as net national income.

136
Glossary

Flow of Funds
Flow of Funds Accounts gives a picture of lending, borrowing operations and moments of funds within
domestic sectors and with rest of the world along with instruments used in the transactions.

Chapter 3- Prices
Consumer Price Index
Consumer Price Index (CPI) is main measure of price changes at retail level. It measures the changes in
the cost of buying representative predefined basket of goods and services and to gauge the increase in the
cost of living in reporting period.

Laspeyers formula used to compute CPI is:-

CPI =
( P / P )W
n 0 i
x 100
W i
Where
P n = Price of an item in the current period
P 0 = price of an item in base period
W i = Weight of the ith item in the base period.

Wholesale Price Index


Wholesale Price Index (WPI) is designed to measure the directional movements of prices for a set of
selected items in the primary and wholesale markets. Items covered in the series are those, which could
be precisely defined and are offered in lots by producers/manufacturers. Prices used are generally those,
which conform to the primary sellers realization at ex-mandi (market), ex-factory or at an organized
wholesale level

Sensitive Price Indicator


The Sensitive Price Indicator (SPI) is computed on weekly basis to assess the price movements of
essential commodities at short intervals so as to review the price situation in the country.

GDP Deflator
(Implicit price deflator for GDP) is a measure of the level of prices of all new, domestically produced,
final goods and services in an economy.


GDP Delator = 100

Chapter 4- Public Finance


Direct Tax
A tax levied directly on the taxpayer such as income and property taxes.

Indirect Tax
A tax levied on goods or services rather than individuals and is ultimately paid by consumers in the form
of higher prices such as sales tax or value added tax.

137
SBP Annual Report-Statistical Supplement FY 16

Chapter 5- Money and Credit


Broad Money (M2)
Broad Money is an indicator used to measure money supply in the economy and includes currency in
circulation, other deposits with State Bank of Pakistan (such as unclaimed deposits and NBFIs deposits
with SBP), demand and time deposits (including resident foreign currency deposits) with scheduled
banks. M2 is the key economic indicator used to forecast inflation.

Currency in Circulation
Currency in circulation refers to currency held by public i.e currency outside the banking system.

Commodity Operations
Commodity operation means advances provided either to government, public sector corporations or
private sector for the procurement of commodities such as cotton, rice, wheat, sugar, fertilizer etc.
Advances to government provided for other purposes are not the part of commodity operation.

Reserve Money (M0)


Reserve Money is an indicator used to measure money supply in the economy and includes currency in
circulation (held with Public), other deposits with State Bank of Pakistan; currency in tills of schedules
banks and bank deposits with SBP. M0 is used to measure the most liquid assets which can be spent
most easily. M0 is sometimes referred to as the monetary base.

Market Treasury Bills (MTBs)


They are the short term instruments of the Government of Pakistan with tenors available in 3, 6 and 12
months. They are also sold through Primary Dealers in auctions held on fortnightly basis. They are zero-
coupon securities and are sold at discount to the face value

Auction of Government of Pakistan Market Treasury Bills


MTB auctions are held fortnightly (Wednesday) on multi-priced basis. Only Primary Dealers are allowed
to participate in the auctions. Announcement of auctions are done two days prior to auction date. SBP
decides the target and cut offs.

Pakistan Investment Bonds (PIBs)


They are the long term instruments of the Government of Pakistan with tenors available in 3, 5, 10, 15
and 20 years. They are sold through Primary Dealers (Institutions appointed by the SBP to participate in
Government Securities Auctions) in auctions as and when announced (on quarterly basis). They are
coupon bearing instruments and issued in scrip less (without physical form) form with interest payment
on biannual basis.

Auction of Pakistan Investment Bonds


PIB auctions are held on as and when indicated with target amount and Coupon rates by the MOF.
Primary Dealers are allowed to participate in the auction which is decided on multi-priced basis. SBP
announces the auction prior to 14 days of auction date to allow short selling to the Primary Dealers on
when issued basis. SBP decides the cutoff in consultation with MOF.

Call Money Rate


Interbank clean (without collateral) lending/borrowing rates are called Call Money Rates

Coupon Rate
Coupon rate is interest rate payable on bonds par value at specific regular periods. In PIBs they are paid
on biannual basis.

138
Glossary

Discount rate
Discount is the rate at which SBP provides three-day repo facility to banks, acting as the lender of last
resort.

Government of Pakistan Market related Treasury Bills


They are the instruments created when Government borrows from the State Bank. They are six month
T-bill and their rates are determined on the basis of weighted average arrived in last six month Market
Treasury Bill auction. They are also called as Market Replenishment Treasury Bills.

Open Market Operation


They are the operation carried out by the SBP for liquidity Management to keep interest rates in line with
its monetary policy objectives. Through these operations either the liquidity is mopped up from or
injected in the market by Repo/Out right basis. They are normally short term operations and are done as
and when market condition desires.

Repo Facility MTBs/FIBs/PIBs (Outstanding)


They are the short term funding arrangement for getting funds on selling the security as collateral and to
buy back the same on maturity. The funds can be arranged under this by using MTB/FIBs/PIBs. The
reverse is called Reverse-repo.

KIBOR (Karachi Interbank Offered Rate)


Interbank clean (without collateral) lending/borrowing rates quoted by the banks on Reuters are called
Kibor Rates. The banks under this arrangement quote these rates at specified time i.e. 11.30 AM at
Reuters. Currently 20 banks are member of Kibor club and by excluding 4 upper and 4 lower extremes,
rates are averaged out that are quoted for both ends viz: offer as well bid. The tenors available in Kibor
are one week to 3 years. KIBOR is used as a benchmark for corporate lending rates.

Chapter 6-Banking System


Scheduled Banks
Scheduled Banks means,All Commercial banks and specialized banks (like IDBL and ZTB etc) which
are included in the list of scheduled banks maintained under sub-section (1) of section 37 of the State
Bank of Pakistan Act, 1956

Balances with other Scheduled Banks


These are balances of scheduled banks amongst each other and exclude balances with National Bank of
Pakistan where it acts as an agent of State Bank of Pakistan.

Bills Purchased & Discounted


These refer to advances extended through discounting or purchasing of inland and foreign bills.

Capital
Capital comprises of paid-up capital of Pakistani banks and equivalent rupee amount kept by foreign
banks with the State Bank of Pakistan as reserve capital requirement.

Deposits
The data on deposits include the following types:-

i. Call Deposits:
These include short notice and special notice deposits

ii. Current Deposits:


Cheque account deposits wherein withdrawals and deposit of funds can be made

139
SBP Annual Report-Statistical Supplement FY 16

frequently by the accountholders. Generally, these are return free deposits kept
with the banks.

iii. Fixed Deposits:


Deposits having fixed maturity dates and a rate of return determined or determinable
on the basis of a banks financial performance during a period.

iv. Other Deposits:


These generally include security deposits, margin deposits and sundry deposits etc.

v. Savings Deposits:
Deposits held by the scheduled banks, consisting of cheque accounts on which a certain return is
paid by the institution.

Rate of Margin for advances


Margin for collateral is the excess of the market/assessed value of the collateral over the amount of
advance.

Non-Performing Loan
A non-performing loan is a loan that is in default or close to being in default. Many loans become non-
performing after being in default for 90 days, but this can depend on the contract terms.

Chapter 7- Capital Market


Index Number
Stock market index is a used for measuring changes in the prices of stock market securities in respect of
the base year prices. The index is used as an indicator of the overall performance of the economy.

KSE-100 Index
The KSE-100 Index was introduced in November 1991 with base value of 1,000 points. The Index
comprises of 100 companies selected on the basis of sector representation and highest market
capitalization, which captures over 80% of the total market capitalization of the companies listed on
Pakistan Stock Exchange. One company from each sector on the basis of the largest market capitalization
and the remaining companies are selected on the basis of largest market capitalization in descending
order. This is a total return index i.e. dividend, bonus and rights are adjusted.

All Share Index


The KSE all share indexes was introduced and constructed on September 18, 1995. This is also a total
return index (dividend, bonus and adjusted rights shares) computed for all companies listed at PSX.

Market Capitalization of KSE all Shares


The Market Capitalization is the total market value of KSE all shares. The market value is worked out by
multiplying the market price by the total number of shares outstanding and added together for the
component groups as also for the entire list to compile the series.

Chapter 8-Domestic and External Debt


Domestic Debt
Domestic debt refers to the debt owed to creditors resident in the same country as the debtor. It can be of
sovereign nature, i.e., borrowed by a government or non-sovereign, i.e., borrowed by the corporate.
Sovereign domestic debt in Pakistan is further classified into three main categories: permanent debt,
floating debt and unfunded debt.

140
Glossary

i. Permanent Debt
Permanent debt includes medium and long-term debt such as Pakistan Investment Bonds (PIB)
and prize bonds.

ii. Floating Debt


Floating debt consists of short-term borrowing in the form of T-bills.

iii. Unfunded Debt


Unfunded debt refers mostly to outstanding balances of various national saving schemes.

National Saving Schemes


There have been different saving schemes in Pakistan since independence. The data reflects outstanding
position as on end Month. Followings are the definition of existing schemes.

i. Bahbood Savings Certificates


This is a ten years' maturity scheme, launched by the Government on 1st July, 2003. Initially it
was meant for widows only, however, later on the Government. extended the facility for senior
citizens aged 60 years and above from 1st January, 2004. These certificates are available in the
denominations of Rs.5,000/-, Rs.10,000/-, Rs.50,000/-, Rs.100,000/-, Rs.500,000 and
Rs.1,000,000/-. Profit is paid on monthly basis reckoned from the date of purchase of the
certificates. Only widows and senior citizens aged 60 years and above are eligible to invest. The
minimum investment limit in this scheme is Rs.5,000, whereas, the maximum limit is
Rs.3,000,000/-.

ii. Defence Saving Certificates


The Government of Pakistan introduced Defence Saving Certificates scheme in the year 1966.
This is the only scheme having 10 years' maturity with built-in feature of automatic
reinvestment after the maturity. These certificates are available in the denominations of Rs.500,
Rs.1000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000 and Rs.1,000,000. The
minimum investment limit is Rs.500/-, however, there is no maximum limit of investment in
this scheme.

iii. Pensioners' Benefit Account


This ten years' maturity scheme was launched by the Government on 19th January, 2003. The
deposits are maintained in the form of accounts and the profit is paid on monthly basis reckoned
from the date of opening of the account. The pensioners of Federal Government, Provincial
Governments, Government of Azad Jammu & Kashmir, Armed Forces, Semi Government and
Autonomous bodies are allowed to invest.

iv. Regular Income Certificates


This five years' maturity scheme for general public was launched on 2nd February, 1993.Profit
on this scheme is paid on monthly basis reckoned from the date of issue of certificates. These
certificates are available in the denomination of Rs.50,000, Rs.100,000, Rs.500,000,
Rs.1,000,000, Rs.5,000,000 & Rs.10,000,000.

v. Savings Accounts
These are ordinary accounts and frequent withdrawals (twice a week) can be made from this
account. The minimum investment limit is Rs.100 in the scheme besides no maximum limit.
However, only one account can be opened by person at an office of issue. The deposits can be
withdrawn any time from the date of deposit. However, there is a limit of two withdrawals
within a week's time.

141
SBP Annual Report-Statistical Supplement FY 16

vi. Special Savings Accounts


This three years maturity scheme was introduced in February, 1990. The deposits are
maintained in form of an account. Profit is paid on the completion of each period of six months.
The minimum investment limit in this scheme is Rs.500. There is no maximum limit, however,
the deposits are required to be made in multiple of Rs.500.

vii. Special Savings Certificates (Registered)


This three years maturity scheme was introduced in February, 1990. These certificates are
available in the denomination of Rs.500, Rs.1000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000,
Rs.500,000 and Rs.1,000,000. Profit is paid on the completion of each period of six months. The
minimum investment limit is Rs.500, however, there is no maximum limit of investment in the
scheme.

viii. National Savings Bonds:


The National Savings Bonds were introduced in December 2009 which is first ever registered
tradable Governments Security and can be pledge anywhere in Pakistan. The maturity period of
NSBs shall be three, five and ten years and are not redeemable before the maturity. The
minimum investment limit is Rs. 20,000 which is issued in a multiple of Rs. 10,000.

External Debt
External debt, at any given time, is the outstanding amount of those liabilities that require payment(s) of
principal and interest by the debtor at some point(s) in the future and that are owed to nonresidents by the
residents of an economy.

Private non-guaranteed debt


Private non-guaranteed debt is defined as the external liabilities of the private sector, the servicing of
which is not guaranteed by Government.

Public and Publicly guaranteed debt


External obligations of a public debtor including national government control banks and autonomous
bodies and external obligations of a private debtor that are guaranteed for repayment by a public entity.

Chapter 9- External Sector

Nominal Effective Exchange Rate:


It is an index of the bilateral nominal exchange rates of one country relative to its major trading partners.
The bilateral nominal exchange rate index with each trading partner is weighted by that countrys share
in imports, exports, or total foreign trade.

Real Effective Exchange Rate:


It is an index of the price of a basket of goods in one country relative to the price of the same basket in
that country's major trading partners. The prices of these baskets should be expressed in the same
currency using the nominal exchange rate with each trading partner. The price of each trading partner's
basket is weighted by its share in imports, exports, or total foreign trade.

Foreign Exchange Kerb Market


Authorised Money Exchange Companies operating in the market.

142
Glossary

Balance of Payments
The balance of payments is a statistical statement that summarizes transactions between residents and
nonresidents during a period. It consists of the goods and services account, the primary income account,
the secondary income account, the capital account, and the financial account.

Current Account
The current account shows flows of goods, services, primary income, and secondary income between
residents and nonresidents.
Goods
Recording of goods implies provision or acquisition of real resources of an economy to and from
the rest of the world. Goods cover general merchandise, goods under merchanting, and
nonmonetary gold.

General Merchandise on fob basis


General merchandise on a balance of payments cover goods whose economic ownership is
changed between a resident and a nonresident.

Goods under Merchanting


Merchanting is defined as the purchase of goods by a resident (of the compiling economy) from
a nonresident combined with the subsequent resale of the same goods to another nonresident
without the goods being present in the compiling economy. Merchanting occurs for transactions
involving goods where physical possession of the goods by the owner is unnecessary for the
process to occur.

Non-Monetary Gold
This covers exports and imports of gold not held as reserve assets (monetary gold) by the
monetary authority. Non-monetary gold is held as a store of value and treated like any other
commodity.

Services
Services component implies receipts & payments for provision and acquisition of services of an
economy to and from the rest of the world. Services include following item:

Manufacturing services on physical inputs owned by others


Manufacturing services on physical inputs owned by others cover processing, assembly,
labeling, packing, and so forth undertaken by enterprises that do not own the goods
concerned. The manufacturing is undertaken by an entity that does not own the goods and that
are paid a fee by the owner.

Maintenance and repair services


Maintenance and repair services cover maintenance and repair work by residents on goods
that are owned by nonresidents (and vice versa). The repairs may be performed at the site of
the repairer or elsewhere.

Transport
Transport is the process of carriage of people and objects from one location to another as well
as related supporting and auxiliary services, also included are postal and courier services.

Travel
Travel credits cover goods and services for own use or to give away acquired from an
economy by nonresidents during visits to that economy and debits cover goods and services
for own use or to give away acquired from other economies by residents during visits to these
other economies.

143
SBP Annual Report-Statistical Supplement FY 16

Construction Services
Construction covers transactions between residents and non-residents of an economy for the
creation, renovation, repair, or extension of fixed assets in the form of buildings, land
improvements of an engineering nature, and other such engineering constructions as roads,
bridges, dams, and so forth. It also includes related installation and assembly work and site
preparation and general construction as well as specialized services such as painting,
plumbing, and demolition. It also includes management of construction projects.

Insurance and pension services


Insurance and pension services include services of providing life insurance and annuities,
nonlife insurance, reinsurance, freight insurance, pensions, standardized guarantees, and
auxiliary services to insurance, pension schemes, and standardized guarantee schemes.

Financial Services
Financial services cover financial intermediary and auxiliary services, except insurance and
pension fund services. These services include those usually provided by banks and other
financial corporations. They include deposit taking and lending, letters of credit, credit card
services, commissions and charges related to financial leasing, factoring, underwriting, and
clearing of payments. Also included are financial advisory services, custody of financial
assets or bullion, financial asset management, monitoring services, liquidity provision
services, risk assumption services other than insurance, merger and acquisition services,credit
rating services, stock exchange services, and trust services.

Charges for the use of intellectual property

Charges for the use of intellectual property include charges for the use of proprietary rights
(such as patents, trademarks, copyrights, industrial processes and designs including trade
secrets, franchises. These rights can arise from research and development, as well as from
marketing); and charges for licenses to reproduce or distribute (or both) intellectual property
embodied in produced originals or prototypes (such as copyrights on books and manuscripts,
computer software, cinematographic works, and sound recordings) and related rights (such as
for live performances and television, cable, or satellite broadcast)

Telecommunications, computer, and information services

Telecommunications services encompass the broadcast or transmission services; computer


services consist of hardware and software related services and data-processing services; and
information services include news agency services.
Other Business Services
This category includes research and development services; professional and management
consulting services; technical, trade-related, waste treatment and depollution, agricultural, and
mining services; operating leasing and miscellaneous business.

Personal, Cultural and Recreational Services


It covers audiovisual related services and other cultural services provided by residents to
nonresidents and vice versa. Audiovisual related services include production of motion
pictures on films or video tape, radio and television programs, and musical recordings.
Among other cultural services are services associated with libraries, museumsand other
cultural and sporting activities.

Government Services
Government goods and services cover: goods and services supplied by and to enclaves, such
as embassies, military bases, and international organizations; goods and services acquired

144
Glossary

from the host economy by diplomats, consular staff, and military personnel located abroad
and their dependents; and services supplied by and to governments.

Primary Income
Primary income represents the return that accrues to institutional units for their contribution to
the production process or for the provision of financial assets and renting natural resources to
other institutional units.

Compensation of Employees
Compensation of employees presents remuneration in return for the labor input to the
production process contributed by an individual in an employer employee relationship with
the enterprise. Wages, salaries and other benefits received to / from nonresident employers are
treated as compensation of employees.

Direct Investment Income


It is the profit & dividend on equity participation and interest on debt earned by direct
investor.

Portfolio Investment Income


Portfolio investment income includes dividend on equity securities (share holding of less than
10 %) and interest from holding of foreign bonds, notes, and money market instruments.

Other Investment Income


Other investment income include interest receipt and payments of loans & deposit, interest on
reserve assets, IMF charges, investment income attributable to policyholders in insurance,
pension fund, withdrawals from income of quasi corporations and other primary income to
nonresidents other than those on direct and portfolio investment.

Secondary Income
The secondary income account shows current transfers between residents and nonresidents.
The transactions recorded in the secondary income account pertain to all transfers relating to
general government (current international cooperation between different governments,
payments of current taxes on income and wealth, etc.) and financial corporations,
nonfinancial corporations, households, and NPISHs that directly affect gross national
disposable income from abroad and influence the consumption of goods and services.

Capital Account
The capital account in the international accounts shows (a) capital transfers receivable and payable
between residents and nonresidents and (b) the acquisition and disposal of nonproduced, nonfinancial
assets between residents and nonresidents.

Capital Transfer
Capital transfers are transfers in which the ownership of an asset (other than cash or
inventories) changes from one party to another; or which obliges one or both parties to
acquire or dispose of an asset (other than cash or inventories); or where a liability is forgiven
by the creditor.

Acquisition/Disposal of Non-Produced, Non-Financial Assets


Non-produced, non-financial assets consist of (a) natural resources include land, mineral
rights, forestry rights, water, fishing rights, air space, and electromagnetic spectrum; (b)
contracts, leases, and licenses covers those contracts, leases, and licenses that are recognized
as economic assets; (c) marketing assets consist of items such as brand names, mastheads,
trademarks, logos, and domain names..

145
SBP Annual Report-Statistical Supplement FY 16

Financial Account
The financial account records transactions that involve financial assets and liabilities and that take place
between residents and nonresidents.

Direct Investment
Direct investment implies a long-term relationship between the direct investor and the direct
investment enterprise and a significant degree of influence by the direct investor on the
management of the direct investment enterprise. Direct investment comprises the initial
transaction between the two entitiesthat is, the transaction that establishes the direct
investment relationshipand all subsequent transactions between the entities and among
affiliated enterprises, both incorporated and unincorporated. For direct investment
relationship, direct investor owns 10 percent or more of the ordinary shares or voting power
(for an incorporated enterprise) or the equivalent (for an unincorporated enterprise).

Portfolio Investment
Portfolio investment implies holding by non-resident of less than 10% share in equity
securities, investment in debt securities (in the form of bonds and notes) and investment in
money market instruments of resident company.

Other Investment
Other investment includes all financial transactions that are not covered in the categories for
direct investment, portfolio investment or reserve assets. Under other investment, the
instrument classified under assets and liabilities, comprises trade credits, loans (including use
of Fund credit and loans from the Fund), currency and deposits, other equity and other
accounts receivable/ payable

Reserves Assets
Reserve assets are those external assets that are readily available to and controlled by
monetary authorities for meeting balance of payments financing needs, for intervention in
exchange markets to affect the currency exchange rate, and for other related purposes (such as
maintaining confidence in the currency and the economy, and serving as a basis for foreign
borrowing)

Errors & Omissions


It is a balancing item intended to offset overstatement or understatement of recorded components due to
statistical discrepancies.

Exceptional Financing
It consists of any arrangements made by the authorities of an economy to meet balance of payments
needs other than those involving use of reserve assets, fund credit and loans from the Fund to deal with
payments imbalances.

Special Drawing Rights (SDRs)


The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member
countries' official reserves. Its value is based on a basket of four key international currencies, and SDRs
can be exchanged for freely usable currencies.

146
Glossary

Workers Remittances
Workers remittances are current transfers for family maintenance by migrants who are employed and
residents in new economies. (A resident is a person who stays, or is expected to stay for a year or more in
an economy.)

Nostro Account
An account held with a bank outside Pakistan.

Foreign Direct Investment


Direct investment implies a long-term relationship between the direct investor and the direct investment
enterprise and a significant degree of influence by the direct investor on the management of the direct
investment enterprise. Direct investment comprises the initial transaction between the two entitiesthat
is, the transaction that establishes the direct investment relationshipand all subsequent transactions
between the entities and among affiliated enterprises, both incorporated and unincorporated. For direct
investment, direct investor owns 10 percent or more of the ordinary shares or voting power (for an
incorporated enterprise) or the equivalent (for an unincorporated enterprise).

Foreign Portfolio investment


Portfolio investment implies holding by non-resident of less than 10% share in equity securities,
investment in debt securities (in the form of bonds and notes) and investment in money market
instruments of local company.

Balance of Trade
The balance of trade is the difference between the monetary value of exports and imports for an economy
over a certain period of time.
Balance of trade statistics compiled by Federal Bureau of Statistics is based on physical movements of
merchandise goods into and out of the custom territory of Pakistan recorded by the customs authorities.
Foreign trade includes exports, re-exports, imports and re-imports carried through sea, land and air
routes.
The trade data of SBP is, on the other hand, based on realization of export proceeds and import payments
made through banking channel for goods exported and imported. The trade transactions such as land
borne trade, imports through foreign economic assistance, exports & imports by Export Processing Zones
and personal baggage etc. are not covered in the reporting by the banks. Data on these transactions are
collected from the relevant sources and included in the exports receipts and import payments reported by
the banks to arrive at the overall trade data. Still some discrepancies may arise in the two sets of trade
data due to valuation, timing and coverage of transactions.

Unit Value & Quantum Indices:


These indices are used to measure changes in the unit value and quantity of Exports & Imports with
reference to base year. Laspeyers formula is used for the computation of these indices that is as under.

Unit Value Index =


P Q
n 0
x 100
P Q
0 0

Quantum Index =
Q n P0
x 100
Q 0 P0
Where:
P n = Price (Unit Value) of each item during the current period
P 0 = Price (Unit Value) of each item during the base period
Q n = Quantity data (Volume) of each item during the current period
Q 0 = Quantity data (Volume) of each item during the base period.

147
SBP Annual Report-Statistical Supplement FY 16

Re-Export
Goods imported and returned to the exporting country for any reason without any modification or change
in its original shape or form, is termed as re-export.

Re-Import
Goods exported and returned to the consignor country without any modification or change in the original
shape or form is termed as re-import.

Terms of Trade:
It shows the change in the average price of a countrys aggregate exports in relation to the change in
average price of its imports.

Terms of Trade = Index of Unit Values of Exports x 100


Index of Unit Value of Imports

_____________________________________________________________________________________

The definitions are consistent with Balance of Payments Manual, 6th edition (BPM6), published by
IMF.

148

Potrebbero piacerti anche