Pakistan: Open Market Operations Statistical Bulletin - June 2022

Transcription

1. 6 .1 Government of Pakistan Treasury Bills Million Rupees 2021 2022 Jun-20 Jun-21 Oct Nov Dec Jan Feb Mar Apr Issue 54,548 657,792 762,612 330,684 1,900,419 1,100,280 555,575 799,118 1,051,446 Discount Allowed 1,001 11,087 13,705 6,392 45,946 26,059 12,589 20,700 33,012 Discharged 400,012 1,681,039 374,398 307,463 1,429,843 445,810 403,961 1,551,191 1,406,581 Discount Paid 10,839 28,600 6,234 5,115 25,020 8,517 Outstanding Balance 675,896 1,684,789 1,907,166 1,930,387 2,400,963 3,055,433 Issue 50,720 1,254,286 84,652 3,296 900,072 279,269 258,019 476,242 441,298 Discount Allowed 1,947 47,375 3,404 134 50,791 15,237 13,755 28,537 30,555 Discharged 22,744 73,733 967,019 646,736 1,726,755 979,525 696,121 308,236 87,948 Discount Paid 1,506 2,640 37,167 24,345 65,089 36,674 25,847 11,535 3,538 Outstanding Balance 867,569 4,508,950 4,442,025 3,798,584 2,971,901 2,271,646 1,833,544 2,001,549 2,354,899 Issue 133,185 1,444 - - 245,309 120,604 107,472 285,483 359,821 Discount Allowed 10,027 110 - - 27,981 13,223 11,650 34,890 49,967 Discharged 443 133,185 28,747 10,919 42,016 5,851 5,577 928 25,143 Discount Paid 57 10,027 2,086 790 3,049 450 433 72 1,891 Outstanding Balance 4,133,139 542,086 115,389 104,470 307,763 422,516 524,411 808,965 1,143,643 3 Months Treasury Bills 9,422 37,595 32,692 3,207,046 2,454,973 2,099,838 6 Months Treasury Bills 12 Months Treasury Bills Source: Domestic Markets & Monetary Management Department, SBP Note: Six months Government of Pakistan Treasury Bills restarted w. e. f. June 1998 and 3- & 12-Months Government of Pakistan Treasury Bills restarted w.e.f July 1998. 124
2. 6 .2 Sale / Purchase of Treasury Bills under Open Market Operation by SBP with Banks SALE (Billion Rupees) 2017-18 PERIODS 2018-19 Bid Amount 2019-20 Bid Amount Offered Accepted 2020-21 Bid Amount Offered Accepted 2021-22 Bid Amount Offered Accepted Offered Bid Amount Accepted Offered Accepted July - - 1,330.5 1,272.5 310.8 308.8 - - - - August - - 894.3 894.3 - - 68.0 47.5 - - September 63.0 38.0 235.3 235.3 - - 88.0 88.0 203.0 203.0 113.8 105.0 2,478.3 2,225.7 935.1 824.1 57.4 57.4 99.3 95.3 November 91.5 84.5 6,659.7 6,630.6 - - 15.3 15.3 December - - 2,319.5 2,319.5 - - - - 343.0 305.1 9,265.4 8,929.1 11.2 11.2 - - - - 5,226.9 5,200.8 - - 244.1 147.0 March 786.8 641.5 3,359.3 3,354.3 38.5 35.0 - - April 165.9 123.3 3,257.3 3,163.8 598.1 392.3 258.5 258.5 - - May 136.5 100.0 5,781.2 5,777.6 - - 251.1 251.1 June - - 111.0 105.0 - - 516.3 487.6 141.7 116.4 3,409.9 3,342.4 172.1 142.8 124.9 112.7 33.6 33.1 4.7 3.9 113.7 111.4 5.7 4.8 4.2 3.8 1.1 1.1 October January February Average per month per day PURCHASE 2017-18 PERIODS Amount 2018-19 2019-20 Amount Amount 2020-21 2021-22 Amount Offered Amount Offered Injected Offered Injected Offered Injected Injected Offered Injected July 6,181.3 5,797.7 3,608.3 2,906.8 4,687.7 4,374.4 4,337.1 4,062.4 12,226.0 11,285.8 August 6,066.4 5,940.3 8,370.5 8,249.2 8,269.7 7,999.3 5,966.4 5,802.4 9,787.7 9,199.4 September 7,881.6 7,733.5 1,959.3 1,670.0 7,450.5 7,317.3 4,009.5 3,938.6 8,396.9 8,190.1 October 6,245.0 5,968.4 99.5 71.0 5,288.7 5,241.3 3,513.1 3,312.3 10,429.1 10,076.8 November 6,454.0 6,252.5 - - 3,423.6 3,123.3 3,947.7 3,895.7 10,810.8 9,744.9 December 8,943.3 8,590.5 6,569.7 5,555.1 4,196.8 3,954.6 3,784.9 3,620.8 7,999.3 7,125.4 January 4,612.4 4,390.3 - - 4,528.5 4,345.5 5,367.4 5,126.3 3,805.0 3,159.8 February 5,946.7 5,522.7 3,257.4 3,066.0 3,769.0 3,508.9 4,849.6 4,849.6 6,699.2 6,699.2 March 4,140.8 3,906.9 563.7 484.0 5,049.1 5,023.6 5,772.2 5,553.9 14,252.9 14,152.8 April 3,523.0 3,105.1 548.5 442.0 5,087.5 5,042.0 9,622.9 9,245.8 16,310.1 May 3,198.2 2,741.0 1,535.2 1,464.4 5,568.1 5,458.1 10,651.9 10,523.9 June 7,129.4 6,586.2 3,977.5 3,399.7 5,508.8 5,264.1 8,937.3 8,561.8 5,860.2 5,544.6 2,540.8 2,275.7 5,235.6 5,054.3 5,896.6 5,707.8 10,071.7 9,578.4 195.3 184.8 84.7 75.9 174.5 168.5 196.55 190.26 335.7 319.3 16,150.0 Average per month per day Source: Domestic Markets & Monetary Management Department, SBP 125
3. 6 .3 SBP Overnight Repo/ Reverse Repo Facilities Cash Accommodation 2017-18 2018-19 SBP Overnight Repo (Floor) SBP Overnight Reverse Repo (Ceiling) (Million Rupees) 2021-22 2020-21 SBP Overnight Reverse Repo (Ceiling) SBP Overnight Repo (Floor) July August September October November December January February March April May June 7,800 37,200 40,800 67,000 45,900 150,400 12,400 47,000 95,000 92,900 242,500 3,500 13,500 38,500 12,400 47,800 63,800 - 167,100 46,900 277,900 265,300 54,600 276,800 49,900 109,400 57,275 692,600 205,100 257,000 107,000 39,500 82,500 162,000 4,700 16,150 201,900 115,200 104,200 99,550 186,000 167,150 76,400 25,400 44,400 77,750 47,300 50,900 56,700 114,850 89,900 355,750 93,400 214,450 29,700 30,600 51,100 30,000 70,500 107,300 205,500 32,900 154,700 25,300 20,500 11,000 73,500 30,325 75,800 32,100 135,600 50,400 204,500 77,500 169,250 34,500 58,900 78,500 30,500 72,000 142,800 78,000 55,100 301,300 249,600 96,500 214,465 315,450 474,013 106,150 56,150 469,350 316,850 10,000 117,500 23,900 13,000 419,700 260,300 32,500 647,550 974,800 Average per month per day 69,908 2,330 14,958 499 204,990 6,833 69,429 2,314 86,358 2,879 99,025 3,301 70,552 2,352 99,850 3,328 229,853 7,662 249,925 8,331 PERIODS SBP Overnight Reverse Repo (Ceiling) 2019-20 SBP Overnight Repo (Floor) SBP Overnight Reverse Repo (Ceiling) SBP SBP SBP Overnight Overnight Overnight Repo Reverse Repo (Floor) Repo (Floor) (Ceiling) SBP Overnight Repo/ Reverse Repo Rates 2017-18 PERIODS July August September October November December January February March April May June SBP Reverse Repo Rate1 (Ceiling) 6.25 6.25 6.25 6.25 6.25 6.25 6.50 6.50 6.50 6.50 7.00 7.00 2018-19 SBP Repo Rate2 (Floor) 4.25 4.25 4.25 4.25 4.25 4.25 4.50 4.50 4.50 4.50 5.00 5.00 SBP Reverse Repo Rate1 (Ceiling) 8.00 8.00 8.00 9.00 9.00 10.50 10.50 10.75 10.75 11.25 12.75 12.75 2019-20 SBP Repo Rate2 (Floor) SBP Reverse Repo Rate1 (Ceiling) 6.00 6.00 6.00 7.00 7.00 8.50 8.50 8.75 8.75 9.25 10.75 10.75 13.75 13.75 13.75 13.75 13.75 13.75 13.75 13.75 12.00 10.00 9.00 8.00 (Percent per annum) 2021-22 2020-21 SBP Repo Rate2 (Floor) 11.75 11.75 11.75 11.75 11.75 11.75 11.75 11.75 10.00 8.00 7.00 6.00 SBP Reverse Repo Rate1 (Ceiling) 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 SBP Repo Rate2 (Floor) 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 SBP Reverse Repo Rate1 (Ceiling) 8.00 8.00 8.25 8.25 9.75 10.75 10.75 10.75 10.75 13.25 SBP Repo Rate2 (Floor) 6.00 6.00 6.25 6.25 7.75 8.75 8.75 8.75 8.75 11.25 Source: Domestic Markets & Monetary Management Department, SBP NOTE:1. SBP 3-day repo rate was renamed as SBP reverse repo rate w.e.f. August 17, 2009. SBP reverse repo rate (also known as policy rate or discount rate) is the rate at which banks borrow from SBP on an overnight basis. 2. SBP Repo rate (introduced w.e.f. August 17, 2009) is the rate at which banks deposit their end-of-day excess cash with SBP on an overnight basis. 126
4. 6 .4 Auction of Government of Pakistan Market Treasury Bills (Million Rupees) AUCTION 3 Months Treasury Bills 6 Months Treasury Bills Amount Offered Amount Accepted Cut-off Yield (%) Weighted Average (%) 2021 08-Apr-21 22-Apr-21 1,275,597 626,422 249,798 323,672 7.4698 7.4000 7.4418 7.3763 773,618 1,103,449 619,406 384,780 7.7998 7.6871 7.7463 7.6463 150,500 92,144 * * * * * * 06-May-21 20-May-21 587,636 483,471 261,667 209,337 7.3497 7.3492 7.3309 7.3420 935,863 568,918 329,163 341,918 7.5501 7.6000 7.5290 7.5686 156,034 94,104 27,034 24,104 7.6900 7.6898 7.6900 7.6629 3-Jun-21 17-Jun-21 491,972 771,114 257,997 410,883 7.3492 7.3259 7.3420 7.3124 1,132,177 1,133,780 573,307 728,355 7.5943 7.5894 7.5787 7.5719 131,021 43,534 1,021 534 7.6700 7.6700 7.6700 7.6700 2-Jul-21 15-Jul-21 29-Jul-21 499,763 713,869 637,689 331,265 183,691 196,941 7.3091 7.2589 7.2401 7.2953 7.2372 7.2325 828,432 954,746 914,378 490,182 509,426 506,773 7.5751 7.5390 7.5185 7.5605 7.5206 7.4967 50,500 139,610 117,191 - * * * * * * 12-Aug-21 26-Aug-21 296,427 374,446 136,927 175,651 7.2401 7.2347 7.2295 7.2293 989,440 1,087,803 263,740 458,228 7.4851 7.4389 7.4765 7.4293 157,500 180,021 - * * * * 09-Sep-21 23-Sep-21 165,213 912,398 91,703 759,898 7.2347 7.6388 7.2103 7.5711 376,706 236,065 273,706 46,065 7.4900 7.9798 7.4305 7.9488 111,204 97,703 1,204 * 7.6000 * 7.6000 * 07-Oct-21 21-Oct-21 723,905 364,556 603,262 173,056 7.8499 8.2498 7.7042 8.1748 209,055 207,538 88,055 * 8.1901 * 8.0634 * 120,087 223,506 - * * * * 04-Nov-21 18-Nov-21 376,771 338,153 281,271 55,804 8.5003 8.5003 8.3795 8.5003 182,930 112,905 3,430 * 8.5010 * 8.5010 * 232,000 148,002 - * * * * 02-Dec-21 16-Dec-21 30-Dec-21 442,579 1,457,866 1,079,307 357,579 842,326 746,461 10.7890 10.7849 10.5902 10.3912 10.6589 10.3873 203,741 640,648 620,120 113,741 440,898 396,224 11.5001 11.5001 11.4501 11.0587 11.3789 11.3228 125,503 208,124 288,513 55,503 95,774 122,013 11.5143 11.5143 11.5100 11.3511 11.4356 11.4796 2022 13-Jan-22 27-Jan-22 1,217,045 710,881 585,549 540,791 10.4498 10.2999 10.3730 10.2030 663,817 1,020,482 123,947 170,559 11.3699 10.6900 11.3413 10.6527 129,112 623,048 20,541 113,286 11.4900 10.9250 11.4800 10.9068 10-Feb-22 24-Feb-22 454,420 367,731 312,933 255,231 10.2997 10.4899 10.2640 10.3836 428,194 236,864 193,959 77,814 10.6640 10.8900 10.6308 10.8417 240,137 159,755 85,367 33,755 10.8799 10.9999 10.8526 10.9140 10-Mar-22 24-Mar-22 586,532 376,386 536,532 283,286 11.4508 11.9999 10.9948 11.7506 289,376 312,203 269,376 235,403 12.1000 12.5000 11.8185 12.2450 175,565 300,107 145,565 174,807 12.2957 12.7001 11.9668 12.4626 07-Apr-22 21-Apr-22 28-Apr-22 526,090 436,319 390,318 394,322 320,819 369,318 12.8002 13.5003 14.7898 12.3967 13.1909 14.1936 198,667 256,856 156,728 156,417 174,709 140,728 13.2500 13.8495 14.9901 13.0459 13.5279 14.7113 221,122 266,265 218,899 129,154 118,235 162,399 13.2999 13.8496 14.8050 13.1560 13.6449 14.4730 SETTLEMENT DATE Amount Amount Cut-off Offered Accepted Yield (%) Weighted Average (%) 12 Months Treasury Bills Weighted Amount Amount Cut-off Average Offered Accepted Yield (%) (%) Source: Domestic Markets & Monetary Management Department, SBP * = Bids Rejected 127
5. 6 .5 Auction of Pakistan Investment Bonds (PIBs) Fixed Rate (Face Value) Auction Settlement Date Tenure Coupon Rate (%) Amount Offered1 Amount Accepted2 Price Accepted = Rs.100 Cut-off Yield Accepted (%) (Million Rupees) Weighted Average Yield Accepted (%) 16-Sep-21 3-Years 5-Years 10-Years 15-Years 20-Years 30-Years 7.00 7.50 8.00 10.50 11.00 11.00 51,136.30 53,350.00 69,631.60 15,000.00 ** ** 21,568.00 24,819.00 36,899.50 15,000.00 ** ** 95.2914 94.3779 89.0358 100.7006 ** ** 8.8800 9.1800 9.8300 10.4000 ** ** 8.8788 9.1602 9.8230 10.4000 ** ** 3-Years 5-Years 10-Years 15-Years 20-Years 30-Years 7.00 7.50 8.00 10.50 11.00 11.00 72,950.00 67,485.60 52,830.00 616.00 ** ** * * * * ** ** * * * * ** ** * * * * ** ** * * * * ** ** 3-Years 5-Years 10-Years 15-Years 20-Years 30-Years 7.00 7.50 8.00 10.50 11.00 11.00 84,870.00 84,095.60 114,650.00 4,617.00 ** ** 25,125.00 57,760.60 35,500.00 * ** ** 90.1766 87.4999 79.2771 * ** ** 11.3400 11.5900 11.7900 * ** ** 11.1552 11.4263 11.7109 * ** ** 3-Years 5-Years 10-Years 15-Years 20-Years 30-Years 7.00 7.50 8.00 10.50 11.00 11.00 123,810.60 215,272.20 163,902.10 5,000.00 ** ** 39,739.70 109,238.90 20,168.10 * ** ** 90.0466 87.7024 79.4799 * ** ** 11.5000 11.5740 11.7640 * ** ** 11.4618 11.4616 11.7436 * ** ** 3-Years 5-Years 10-Years 15-Years 20-Years 30-Years 7.00 7.50 8.00 10.50 11.00 11.00 273,565.00 254,643.40 235,269.00 2,045.20 1,008.60 ** 119,001.60 44,917.50 13,684.50 * * ** 91.8190 89.9457 83.4094 * * ** 10.7900 10.8550 10.9700 * * ** 10.7494 10.7994 10.9300 * * ** 3-Years 5-Years 10-Years 15-Years 20-Years 30-Years 7.00 7.50 8.00 10.50 11.00 11.00 150,262.00 152,741.00 132,810.20 1,015.00 955.00 ** 6,221.10 47,680.00 53,019.00 * * ** 92.1544 90.3616 84.0126 * * ** 10.6998 10.7500 10.8600 * * ** 10.6749 10.7256 10.8450 * * ** 3-Years 5-Years 10-Years 15-Years 20-Years 30-Years 7.00 7.50 8.00 10.50 11.00 11.00 159,700.00 259,588.90 162,658.30 3,460.00 3,490.00 * 56,898.20 82,631.10 60,992.40 * * ** 90.1398 87.8514 79.8687 * * * 11.8500 11.7497 11.7418 * * * 11.8500 11.7497 11.7418 * * * 3-Years 5-Years 10-Years 15-Years 20-Years 30-Years 7.00 7.50 8.00 10.50 11.00 11.00 122,060.00 241,851.50 352,603.30 ** ** ** 28,232.00 70,854.80 288,391.30 ** ** ** 87.9632 80.3875 73.8863 ** ** ** 13.3000 12.9500 13.1500 ** ** ** 13.2197 12.6918 13.0576 ** ** ** 27-Oct-21 30-Nov-21 30-Dec-21 28-Jan-22 17-Feb-22 17-Mar-22 29-Apr-22 *= Bid Rejected **= No Bids Received 1 Amount offered only includes Competitive bids. 2 Amount accepted also includes Non-Competitive bids and Short selling. Source: Domestic Markets & Monetary Management Department, SBP 128
6. 6 .6 Auction of Pakistan Investment Bonds (PIBs) (Million Rupees) Floating Rate Quarterly With Quarterly Refixing (Face Value) Floating Rate Semi-Annual (Face Value) Auction Settlement Date 06-Jan-22 Tenure Amount Offered1 02-Year 03- Year 05- Year 10-Year Amount Accepted2 Cutoff Price4 (bps) Amount Offered1 Amount Accepted2 Cutoff Margin3 (bps) Floating Rate Quarterly With Fortnightly Refixing (Face Value) Amount Offered1 Amount Accepted2 Cutoff Margin3 (bps) 21,229.80 100.0000 13-Jan-22 02-Year 03- Year 05- Year 10-Year 11,250.00 68,000.00 14,750.00 2,500.00 * * 51,760.00 98.3665 170,300.00 154,750.00 98.3825 145,550.00 107,250.00 98.4229 207,750.00 177,045.10 98.4199 - 27-Jan-22 02-Year 03- Year 05- Year 10-Year 15,750.00 2,500.00 * * 17,500.00 10,225.00 99.1698 44,000.00 42,000.00 99.1657 44,500.00 41,350.00 99.1985 36,250.00 30,002.20 99.1843 18,750.00 15,000.00 99.2083 9,250.00 3,050.00 99.1518 34,250.00 22,125.00 99.0935 19,750.00 1,000.00 99.0272 - 10-Feb-22 02-Year 03- Year 05- Year 10-Year 2,500.00 * - 24-Feb-22 02-Year 03- Year 05- Year 10-Year 2,250.00 2,500.00 * * - 10-Mar-22 02-Year 03- Year 05- Year 10-Year 1,250.00 6,250.00 * * 93,250.00 84,458.50 98.0033 147,250.00 80,540.50 98.0323 97,150.00 30,723.50 97.5391 66,450.00 18,491.00 97.3203 66,450.00 18,491.00 97.3203 - 24-Mar-22 02-Year 03- Year 05- Year 10-Year 1,250.00 6,250.00 * * - 07-Apr-22 02-Year 03- Year 05- Year 10-Year 6,250.00 1,250.00 * * - 21-Apr -22 02-Year 03- Year 05- Year 10-Year 1,250.00 1,250.00 * * - 28-Apr -22 02-Year 03- Year 05- Year 10-Year 2,250.00 1,250.00 * * - *= Bid Rejected **= No Bids Received Source: Domestic Markets & Monetary Management Department, SBP 1-Amount offered only includes Competitive bids. 2-Amount accepted also includes Non-Competitive bids and Short selling. Securities will be issued at Face Value (Rs. 100) 3-This cut-off margin will be applicable to all accepted bids. 4-This cut-off Price will be applicable to all accepted bids. ^ Issued by GoP to Independent Power Producers (IPPs) against their receivables from GoP 129
7. 6 .7 KIBOR (Percent per annum) PERIODS 1 Week Bid 2021 Mar Month Average Offer 2 Weeks Bid 1Month 3 Months 6 Months 9 Months Offer Bid Offer Bid Offer Bid Offer Bid Offer 12 Months Bid Offer 6.88 7.38 6.93 7.43 7.00 7.50 7.26 7.51 7.54 7.79 7.61 8.11 7.66 8.16 End-Month 6.93 7.43 6.96 7.46 7.01 7.51 7.34 7.59 7.63 7.88 7.69 8.19 7.75 8.25 Apr Month Average 6.86 7.36 6.91 7.41 6.98 7.48 7.24 7.49 7.52 7.77 7.61 8.11 7.66 8.16 End-Month 6.86 7.36 6.91 7.41 6.97 7.47 7.18 7.43 7.39 7.64 7.49 7.99 7.54 8.04 May Month Average 6.88 7.38 6.93 7.43 7.00 7.50 7.21 7.46 7.43 7.68 7.51 8.01 7.56 8.06 End-Month 6.91 7.41 6.95 7.45 7.03 7.53 7.25 7.50 7.47 7.72 7.53 8.03 7.57 8.07 Jun Month Average 6.88 7.38 6.93 7.43 7.01 7.51 7.22 7.47 7.45 7.70 7.51 8.01 7.57 8.07 End-Month 6.92 7.42 6.96 7.46 7.02 7.52 7.20 7.45 7.44 7.69 7.52 8.02 7.58 8.08 Month Average 6.92 7.42 6.96 7.46 7.01 7.51 7.17 7.42 7.38 7.63 7.48 7.98 7.55 8.05 End-Month 6.91 7.41 6.96 7.46 7.01 7.51 7.13 7.38 7.34 7.59 7.44 7.94 7.53 8.03 Aug Month Average 6.90 7.40 6.95 7.45 7.00 7.50 7.14 7.39 7.32 7.57 7.43 7.93 7.52 8.02 End-Month 6.90 7.40 6.95 7.45 7.00 7.50 7.12 7.37 7.29 7.54 7.39 7.89 7.50 8.00 Sep Month Average 7.02 7.52 7.11 7.57 7.13 7.63 7.30 7.55 7.55 7.80 7.69 8.19 7.83 8.33 End-Month 7.19 7.69 7.25 7.75 7.31 7.81 7.53 7.78 7.90 8.15 8.21 8.71 8.43 8.93 Oct Month Average 7.21 7.71 7.25 7.75 7.30 7.80 7.82 8.07 8.22 8.47 8.49 8.99 8.72 9.22 End-Month 7.22 7.72 7.26 7.76 7.31 7.81 8.10 8.35 8.61 8.86 8.76 9.26 8.93 9.43 Nov Month Average 7.78 8.28 7.83 8.33 7.93 8.43 8.76 9.01 9.09 9.34 9.40 9.90 9.60 10.10 End-Month 8.82 9.32 8.88 9.38 9.01 9.51 9.70 9.95 10.04 10.29 10.43 10.93 10.67 11.17 Dec Month Average 9.42 9.92 9.51 10.01 9.73 10.23 10.35 10.60 11.06 11.31 11.14 11.64 11.25 11.75 End-Month 9.76 10.26 9.82 10.32 9.89 10.39 10.29 10.54 11.21 11.46 11.25 11.75 11.30 11.80 Jul 2022 Jan Month Average 9.73 10.23 9.78 10.28 9.85 10.35 10.18 10.43 11.06 11.31 11.12 11.62 11.18 11.68 End-Month 9.76 10.26 9.79 10.29 9.84 10.34 10.11 10.36 10.49 10.74 10.62 11.12 10.73 11.23 Feb Month Average 9.75 10.25 9.79 10.29 9.86 10.36 10.19 10.44 10.57 10.82 10.65 11.15 10.74 11.24 End-Month 9.74 10.24 9.79 10.29 9.88 10.38 10.36 10.61 10.78 11.03 10.81 11.31 10.86 11.36 Mar Month Average 9.82 10.32 9.92 10.42 10.28 10.78 11.09 11.34 11.60 11.85 11.65 12.15 11.70 12.20 End-Month 9.94 10.44 10.12 10.62 10.91 11.41 11.70 11.95 12.27 12.52 12.30 12.80 12.34 12.84 Apr Month Average 11.80 12.30 11.89 12.39 12.10 12.60 12.87 13.12 13.27 13.52 13.27 13.77 13.30 13.80 End-Month 12.33 12.83 12.35 12.85 12.77 13.27 14.40 14.65 14.58 14.83 14.59 15.09 14.63 15.13 KIBOR :Karachi Interbank Offered Rate Source: State Bank of Pakistan Archive Link: http://www.sbp.org.pk/ecodata/kibor_index.asp 130
8. 6 .8 Inter-Bank Weighted Average Call Rates ( Per Annum) PERIODS 2021 2022 Overnight 1 Week 2 Weeks 1 Month 3 Months 6 Months Mar 7.19 7.40 7.15 7.47 8.00 - Apr 7.23 7.35 7.50 7.25 - 8.50 May 7.35 7.56 7.41 7.70 - - Jun 7.27 7.44 7.50 8.05 8.46 - Jul 7.48 7.16 7.09 8.00 9.00 - Aug 7.14 7.22 7.30 - - - Sep 7.35 7.79 - 9.00 8.75 - Oct 7.58 7.48 8.25 9.00 8.35 - Nov 8.40 8.93 - 10.00 10.12 - Dec 10.10 10.01 10.75 11.60 12.34 - Jan 10.08 10.28 10.50 - 11.75 - Feb 10.20 10.37 10.58 10.50 10.90 - Mar 10.2 10.2 - 11.5 11.4 - Apr 12.00 10.70 12.73 13.50 12.88 - Source: Domestic Markets & Monetary Management Department, SBP 131
9. 6 .9 SBP Mark to Market Rates Major Currencies US Dollar Euro Japanese Yen UK Pound Sterling Date Ready 1Week 1 Month Ready 1Week 1 Month 01-Apr-22 184.0926 184.4699 185.9553 203.6525 204.1084 205.8927 1.5022 1.5055 1.5183 241.6308 242.1103 244.0272 05-Apr-22 185.2335 185.6118 186.8768 203.3956 203.8497 205.4027 1.5075 1.5107 1.5218 243.1374 243.6202 245.2496 06-Apr-22 186.1297 186.5076 187.7320 202.7697 203.2451 204.7159 1.5030 1.5063 1.5169 243.2343 243.7087 245.2882 07-Apr-22 188.1785 188.5633 189.9291 205.1146 205.5813 207.2224 1.5201 1.5234 1.5352 246.5515 247.0416 248.8070 08-Apr-22 184.6845 185.1301 186.5613 200.4566 200.9801 202.6914 1.4884 1.4921 1.5045 240.6531 241.2214 243.0625 11-Apr-22 182.9297 183.3844 184.8170 199.4757 200.0116 201.7350 1.4609 1.4647 1.4770 238.1196 238.6993 240.5422 12-Apr-22 182.0192 182.4702 183.9119 197.8185 198.3488 200.0938 1.4503 1.4541 1.4664 236.8434 237.4173 239.2685 13-Apr-22 181.8177 182.2614 183.6919 196.8995 197.4179 199.1373 1.4425 1.4462 1.4583 236.4357 236.9979 238.8370 14-Apr-22 181.6877 182.1202 183.6088 198.3121 198.8226 200.6227 1.4501 1.4537 1.4664 238.6650 239.2187 241.1544 15-Apr-22 181.5821 182.0121 183.4284 196.2177 196.7206 198.4274 1.4338 1.4373 1.4494 237.1281 237.6757 239.5063 16-Apr-22 181.5497 181.9804 183.3762 196.2190 196.7233 198.4078 1.4368 1.4403 1.4523 237.1040 237.6526 239.4565 18-Apr-22 182.5433 182.9537 184.2846 197.0738 197.5558 199.1690 1.4419 1.4453 1.4567 237.5984 238.1189 239.8324 19-Apr-22 184.4379 184.8312 186.0826 198.8978 199.3611 200.9072 1.4421 1.4453 1.4561 239.9168 240.4156 242.0224 20-Apr-22 185.9241 186.3127 187.5338 201.1141 201.5739 203.0880 1.4465 1.4497 1.4601 241.9709 242.4625 244.0334 21-Apr-22 186.9699 187.3921 188.7548 204.0776 204.5778 206.2567 1.4614 1.4649 1.4765 244.3977 244.9336 246.7010 22-Apr-22 186.6999 187.1437 188.5158 201.7853 202.3037 203.9812 1.4593 1.4631 1.4747 241.1043 241.6641 243.4166 23-Apr-22 186.7468 186.9991 188.5241 201.5931 201.9038 203.7454 1.4524 1.4547 1.4674 239.7642 240.0752 242.0194 25-Apr-22 186.0450 186.2920 187.8137 199.6914 199.9952 201.8235 1.4525 1.4547 1.4675 237.0957 237.3971 239.3246 26-Apr-22 185.6245 186.2466 187.4020 198.3583 199.0626 200.5224 1.4527 1.4578 1.4680 236.1886 236.9682 238.4328 27-Apr-22 185.4538 186.0216 187.2620 196.7851 197.4292 198.9607 1.4510 1.4557 1.4665 232.8929 233.5960 235.1499 28-Apr-22 185.8668 186.3708 187.8647 196.2568 196.8374 198.6199 1.4233 1.4275 1.4400 233.4766 234.1031 235.9768 29-Apr-22 185.6349 186.0768 187.5836 195.7149 196.2327 198.0267 1.4253 1.4290 1.4416 232.6377 233.1869 235.0721 30-Apr-22 185.6867 186.1269 187.5796 195.7509 196.2677 198.0040 1.4301 1.4338 1.4461 233.4639 234.0138 235.8397 132 Ready 1Week 1 Month Ready 1Week 1 Month
10. 6 .9 SBP Mark to Market Rates Major Currencies Swiss Frank Australian Dollar Saudi Arabian Riyal Kuwaiti Dinar Date Ready 1Week 01-Apr-22 199.3531 199.8045 05-Apr-22 200.1550 06-Apr-22 1 Month Ready 1Week 1 Month Ready 1Week 1 Month Ready 1Week 1 Month 201.5723 138.0418 138.3340 139.4827 49.0737 49.1697 49.5517 605.2704 606.4761 611.2426 200.6080 202.1574 141.3424 141.6402 142.6470 49.3785 49.4747 49.7966 608.3404 609.5525 613.5960 199.2823 199.7555 201.2217 141.2538 141.5542 142.5158 49.6174 49.7138 50.0272 610.6220 611.8347 615.7672 07-Apr-22 201.8217 202.2879 203.9216 140.9834 141.2821 142.3467 50.1716 50.2681 50.6140 617.5056 618.7375 623.1371 08-Apr-22 197.6187 198.1412 199.8469 137.8116 138.1546 139.2669 49.2400 49.3529 49.7165 605.6624 607.0914 611.6597 11-Apr-22 195.7305 196.2624 197.9720 136.0265 136.3743 137.4871 48.7787 48.8940 49.2530 599.9864 601.4377 606.0081 12-Apr-22 194.9023 195.4301 197.1705 135.2494 135.5933 136.7168 48.5385 48.6490 49.0053 596.8239 598.2620 602.8585 13-Apr-22 195.0625 195.5815 197.3033 135.1906 135.5292 136.6433 48.4834 48.5920 48.9441 595.9481 597.3603 601.9007 14-Apr-22 194.5681 195.0734 196.8581 135.3301 135.6604 136.8191 48.4488 48.5544 48.9219 595.9518 597.3308 602.0765 15-Apr-22 192.5988 193.0973 194.7910 134.4253 134.7519 135.8502 48.4206 48.5256 48.8738 595.4978 596.8643 601.3810 16-Apr-22 192.5849 193.0846 194.7559 134.3105 134.6377 135.7201 48.4120 48.5178 48.8599 594.7581 596.1245 600.5739 18-Apr-22 193.3313 193.8090 195.4093 134.3884 134.6989 135.7304 48.6769 48.7773 49.1020 597.8758 599.1755 603.4107 19-Apr-22 195.2757 195.7353 197.2737 136.1059 136.4047 137.3859 49.1834 49.2791 49.5824 603.5669 604.7968 608.7489 20-Apr-22 195.8745 196.3283 197.8229 138.0393 138.3366 139.3019 49.5797 49.6735 49.9690 608.4703 609.6821 613.4797 21-Apr-22 197.3401 197.8309 199.4734 139.1897 139.5133 140.5866 49.8546 49.9572 50.3011 612.5544 613.8764 618.0422 22-Apr-22 195.6407 196.1496 197.8049 136.5897 136.9234 137.9792 49.7813 49.8904 50.2387 611.1094 612.4245 616.5880 23-Apr-22 195.0766 195.3840 197.1949 135.1860 135.3766 136.5326 49.7938 49.8518 50.2409 611.0841 611.8019 616.4546 25-Apr-22 194.2318 194.5336 196.3316 133.3477 133.5325 134.6746 49.6067 49.6626 50.0476 608.5871 609.2645 613.9084 26-Apr-22 193.4395 194.1319 195.5777 133.3619 133.8169 134.7111 49.4880 49.6505 49.9472 607.1124 609.0347 612.4646 27-Apr-22 192.1602 192.7958 194.3126 132.5902 133.0031 133.9383 49.4425 49.5905 49.9059 605.8805 607.6235 611.2884 28-Apr-22 191.8922 192.4667 194.2313 132.9970 133.3680 134.4899 49.5539 49.6823 50.0572 606.1800 607.7168 612.2160 29-Apr-22 191.1004 191.6119 193.3839 132.5990 132.9281 134.0624 49.4921 49.6040 49.9796 605.4633 606.7964 611.3641 30-Apr-22 190.7315 191.2408 192.9545 131.1691 131.4938 132.5800 49.5059 49.6173 49.9786 605.4356 606.7668 611.1679 Source: Domestic Markets & Monetary Management Department, SBP Archive Link: http://www.sbp.org.pk/ecodata/rates/m2m/M2M-History.asp 133
11. 6 .10 Secondary Market Transactions in Government Securities (Billion Rupees) SECURITIES / TRANSACTIONS 2021 2022 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 1,400.2 1,280.5 1,578.8 1,355.9 1,193.9 1,757.3 1,164.3 1,828.8 1,937.8 1,544.3 2,521.4 3,726.7 3,062.5 16.3 7.7 16.4 28.1 13.8 18.7 4.9 5.6 11.7 7.1 11.7 0.7 - outright 306.8 302.7 275.0 281.0 331.0 361.5 241.6 372.2 259.9 315.3 842.6 868.9 694.1 Repo 503.3 468.2 643.9 560.0 366.6 680.1 592.1 776.4 1,141.2 751.4 644.3 1,378.8 1,498.2 outright 573.7 501.8 643.5 486.8 482.5 697.0 325.6 674.6 525.0 470.5 1,022.8 1,478.3 870.2 - - - - - - - - - - - - - 1,400.2 1,280.5 1,578.8 1,355.9 1,193.9 1,757.3 1,164.3 1,828.8 1,937.8 1,544.3 2,521.4 3,726.7 3,062.5 Repo 302.0 317.5 332.1 282.6 180.0 349.7 223.7 251.1 562.1 340.5 280.3 750.9 763.4 outright 242.9 245.1 309.0 223.4 251.5 303.1 212.8 366.4 309.7 285.9 748.0 1,006.7 409.3 Repo 217.6 158.5 328.2 305.4 200.4 349.1 373.3 530.9 590.7 418.0 375.7 628.6 734.8 outright 637.6 559.4 609.5 544.5 562.0 755.4 354.4 680.4 475.2 499.9 1,117.4 1,340.6 1,155.0 - - - - - - - - - - - - - - - - - - - - - - - - - - 4,314.1 3,339.1 5,716.7 4,627.7 5,613.0 5,847.3 5,199.2 4,522.2 7,381.3 6,042.6 5,244.8 5,864.6 5,739.6 44.3 64.8 37.7 39.4 128.7 23.5 42.2 93.1 95.5 59.6 103.3 56.1 85.3 PIBs Purchases Repo Non-Banks Banks/PDs SBP Repo Sales Non-Banks Banks/PDs SBP Repo Net Position Treasury Bills Purchases Non-Banks Repo 941.1 562.1 556.5 1,121.6 956.5 944.9 1,191.3 570.6 1,175.5 1,329.5 1,048.2 1,146.6 1,597.9 Repo 1,857.5 1,308.7 3,284.9 2,193.8 2,996.0 3,128.9 2,494.3 3,093.1 3,836.1 2,884.8 2,363.3 2,202.3 2,296.3 outright 1,471.3 1,403.5 1,837.6 1,272.8 1,531.8 1,750.1 1,471.4 765.4 2,274.2 1,768.8 1,729.9 2,459.7 1,760.1 - - - - - - - - - - - - - 4,314.1 3,339.1 5,716.7 4,627.7 5,613.0 5,847.3 5,199.2 4,522.2 7,381.3 6,042.6 5,244.8 5,864.6 5,739.6 171.8 193.6 412.5 314.9 148.8 339.0 154.3 260.5 354.1 189.5 106.8 343.3 334.6 572.1 443.3 900.7 622.4 877.0 1,003.9 843.5 440.8 1,166.3 854.4 890.8 1,106.8 1,068.9 Repo 1,730.0 1,179.9 2,910.2 1,918.3 2,975.9 2,813.4 2,382.3 2,925.7 3,577.5 2,754.8 2,359.9 1,915.1 2,047.0 outright 1,840.2 1,522.3 1,493.5 1,772.0 1,611.3 1,691.1 1,819.2 895.2 2,283.3 2,243.9 1,887.4 2,499.5 2,289.2 - - - - - - - - - - - - - - - - .. - - - .. - - - outright Banks/PDs SBP Repo Sales Non-Banks Repo outright Banks/PDs SBP Net Position Repo - PDs: Primary Dealers Source: Domestic Markets & Monetary Management Department, SBP Note: *From December 2020 onwards, table contains only secondary market data. SBP deals (primary market deals and monetary management activities) are not included. 134