KARACHI: 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. 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. Foreign investors divested $67 million of T-bills on February 28 and divested $103 million net worth of T-Bills on March 3.

Source: Pakistan Today March 12, 2020 15:00 UTC