SCRA Balance Falls to Rs26.29 Billion Despite Rs8.51 Billion Net Securities Buying

Pakistan’s Special Convertible Rupee Account (SCRA) balance declined during the week ending June 19, 2026, even as foreign investors remained net buyers of government securities and equities.

According to data released by the State Bank of Pakistan (SBP), the SCRA balance decreased by Rs915.51 million during the week, closing at Rs26.29 billion.

The latest figures show continued investment activity in Pakistan’s financial markets despite a slight decline in the overall account balance.

Foreign Investors Record Net Securities Buying

SBP data showed that foreign investors remained active during the reporting week.

Net buying of securities reached Rs8.51 billion, indicating sustained investor interest in Pakistan’s financial instruments.

The positive investment flow reflects continued participation in the country’s equity and debt markets despite higher overall outflows from the account.

Inflows Reach More Than Rs29 Billion

During the week, the SCRA received total inflows of Rs29.21 billion.

The largest contribution came from inward remittances, which amounted to Rs14.58 billion. Meanwhile, proceeds from the sale of securities totaled Rs14.56 billion.

Dividend receipts also added to inflows, contributing Rs69.32 million during the week. These transactions helped offset a substantial portion of the outgoing payments.

Outflows Exceed Inflows

Total outflows from the SCRA reached Rs30.13 billion, slightly exceeding the week’s inflows. The largest component of outflows was the purchase of securities, which amounted to Rs23.07 billion.

In addition, outward remittances totaled Rs6.60 billion. Foreign investors also paid Rs460.67 million in taxes during the reporting period.

Because total outflows exceeded inflows, the SCRA balance posted a modest weekly decline.

Market Value of Investments Increases

Despite the fall in the account balance, the market value of investments held through the SCRA increased across major asset classes.

The value of equity investments rose by Rs21.20 billion, bringing the total market value to Rs617.71 billion. Holdings in Treasury Bills (T-Bills) increased by Rs8 billion, reaching Rs104.78 billion.

Similarly, the market value of Pakistan Investment Bonds (PIBs) climbed by Rs240.31 million to Rs41.86 billion.

The gains indicate that the value of foreign investors’ portfolios improved during the week, supported by movements in Pakistan’s financial markets.

SCRA Remains an Important Indicator

The Special Convertible Rupee Account serves as the primary channel through which foreign portfolio investors invest in Pakistan’s equity and debt markets.

Weekly changes in the account balance provide insight into foreign investment activity, including capital inflows, securities transactions, remittances, and tax payments.

While the SCRA balance registered a slight decline during the week ending June 19, continued net buying of securities and rising investment values suggest that foreign investor participation in Pakistan’s capital markets remained active.