KARACHI: Foreign investors poured about $171 million into Pakistan’s government securities during the first 50 days of the current fiscal year, with Treasury bills attracting the bulk of the inflows at $126.9m and long-term Pakistan Investment Bonds (PIBs) drawing $44m.
However, the momentum remained concentrated in short-term debt during August, as T-bills attracted another $46.7m in the first 21 days of the month while PIBs received no fresh foreign investment, latest data issued by the State Bank showed.
The renewed interest in domestic bonds is likely due to relatively high returns, as yields around 12 per cent remain attractive compared to many international markets.
PIBs had remained relatively unattractive to foreign investors over the past two years, but the fresh inflows into long-term bonds in FY27 are being viewed by market participants as a positive sign.
Foreign investors buy T-bills worth $126.9m, put $44m into PIBs
