The ongoing month carries $18.19 million worth of foreign investment in PIBs

May 18, 2020 (MLN): After witnessing a blow of investment slippage from Pakistan debt market, the outflow seems to have slowed down in the month of May 2020 as some inflows in government’s debt securities particularly PIBs have been observed alongside inflows in T-bills.

The PIBs (long-term debt instrument) which remained unattractive for the foreign investors from the past two months, witnessed an influx of $18.19 million so far during the month mentioned above, as according to the latest daily SCRA position released by SBP.

The T-bills which is a short term debt instrument also saw an inflow of $200 thousands in the month which means that from fiscal year to date, the total inflows recorded in the government denominated securities now stand at $3.719 billion, of which $3.64 billion was recorded in T-bills and $78.69 billion was associated to PIBs.

Of these inflows, foreigners have pulled back a sum of $3.052 billion so far from local debt market, bringing the total net inflow from fiscal year to date to clock in at $667.2 million.

Furthermore, in a single day session on May 14, 2020 (the latest available data), country did not observe any inflow nor outflow of foreign investment from government’s long term and short-term debt securities.

 Copyright Mettis Link News

Posted on: 2020-05-18T14:49:00+05:00

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