Government-backed PIBs witness inflow of $22.67 million on Thursday

By MG News | January 08, 2021 at 06:46 PM GMT+05:00

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January 8, 2021 (MLN): Pakistan’s debt market witnessed an inflow of $22.67 million in government’s long-term instrument (PIBs) by UK investors on Thursday, bringing the total inflow in government-backed long term securities for the month to stand at $27.678 million, indicates the statistics gathered by the State Bank of Pakistan (SBP).

According to the daily position of SCRA issued by SBP, Pakistan’s equity market witnessed a net inflow of $470, bringing the total net inflow for the day to settle at $23.27 million.

Cumulatively from July’20 to date, the net inflow in PIBs clocked in at $104.86. Contrary to the PIBs, the government’s short-term papers (T-bills) witnessed significant outflow, as $234.78 million worth of fresh inflows were being recorded against the outflow of $499.5 million. This has brought the total net outflow in the government’s back securities to settle at $159.95 million.

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