Weekly SCRA records net purchase of Rs568m

MG News | August 25, 2023 at 07:23 PM GMT+05:00

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August 25, 2023 (MLN): According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs2.75 billion, which is around 42% lower than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs3.3bn, which is 33.5% lower than the prior week.

Consequently, the net purchase of securities for the week ended August 18, 2023 clocked in at Rs568 million, i.e. around Rs314m higher than last week's numbers.

Over the week, the overall purchase of securities decreased by Rs1.67bn while the net sale of securities decreased by Rs1.99bn.

Apart from this, the inflow of remittance into these accounts stood at Rs1.56bn, while its outflow has been reported at Rs1.32bn.

The closing balance of SCRA was recorded at Rs25.81bn, which marks a decline of Rs315m over the week.

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