Foreign investors take a pause from entering, exiting local debt market

June 1, 2020 (MLN): Pakistan did not witness any inflow nor outflow in the government short-term securities (T-bills) on May 28th, 2020, this certainly was both the best and worst of times for the country.

 According to the daily SCRA data released by SBP, the net outflow for the said day stood at $2.24 million as $2.4 billion of inflows against the outflows of $4.65 billion have been recorded in local equities.

So far this month, the disinvestment in Debt Securities particularly T-bills was to the tune of $182.7 million while inflows stood at $800 thousands.

Cumulatively from fiscal year to date, country witnessed an inflow of $3.64 billion from, out of which more than $3 billion has been withdrawn by foreigners from T-bills, indicating that only $580.98 million worth of investment left in government’s short-term debt instrument (T-bills).

Copyright Mettis Link News

Posted on: 2020-06-01T20:14:00+05:00

35009