PTI government generates $2.493 billions for economy through T - Bills

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PTI government generates $2.493 billions for economy through T - Bills

KARACHI: PTI government generates $2.493 billions for economy through T - Bills.

Total gross divestment during March 2020 reached $606.5 million, according to data released by the State Bank of Pakistan (SBP).

Foreign investors divested $251 million net worth of treasury bills (T-bills) on March 11, as per the Special Convertible Rupee Account, which tracks inflows and outflows from foreign countries.

The net investment in T-bills from July 2019 to date amounts to $2.493 billion.

Previously, foreign investors divested $136 million of T-bills on March 10, with total gross divestment in March up until that point, reaching $356 million.

It is expected that by the end of this week, T-Bills outflows from the SCRA will reach anywhere from $700 million to $800 million during March to date.

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