State Bank Of Pakistan Purchase Rs. 13.85Bn Of Treasury Bills
PAKISTAN, KARACHI: The State Bank of Pakistan (SBP) bought back 13.85 billion rupees ($168 million) of Treasury bills on Monday under 5-day reverse-repo contracts at 12.15 percent to inject liquidity into a tight money market.
Pak Has Raised Its Rating Outlook On IMF Loan
HONG KONG: Moody’s Investors Service said on Monday it has raised its rating outlook for Pakistan to stable from negative after the country received a bigger loan from the International Monetary Fund.
“The stable outlook was prompted by the recent augmentation of Pakistan’s IMF program by $3.2 billion to more than $11 billion, and several ongoing policy and structural reforms” said Aninda Mitra, Moody’s analyst for Pakistan, in a statement.
Moody’s has a B3 rating on Pakistan’s foreign and local currency debt.
