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Brief Notes

Pakistan Current Account Balance (CAB) recorded USD 654 million surplus in Mar 2023 against a deficit of $36 million in Feb 2023. Cumulatively CAD reduced to $3.4 billion in Jul-Mar FY23 against a deficit of $13.0 billion in Jul-Mar FY22. (SBP Tweet)

The REER index (Pak Rupee) depreciated to 85.6 in Mar 23 as compared to 86.5 in Feb 23. (See Tweet.).

In today's T-Bill auction, participation of Rs1trn was seen with government raising Rs599bn as against target and maturity of Rs1trn. Yield on 3 and 6 months bonds remains unchanged while yield on 12 months bonds was up by 10bps. link

Turkiya's TTM deficit of USD 55bn might go down to USD 35bn in a year. (See tweet)

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