KARACHI: In positive economic development, $2.9 billion injected intoPakistani economy.
Foreign investment in government securities has reached $2.915 billion inthe current fiscal year of 2019/20, the central bank data showed on Friday.
According to a reportlinkpublishedin *The News*, the country received a net $2.879 billion foreign investmentin short term treasury bills from July 1, 2019 to January 30, 2020.
Pakistan Investment Bonds attracted $36 million foreign investment in theperiod under review. In the auction held on January 29, foreign investorspumped $209 million in short-term government securities.
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A major chunk of investments in the T-bills came from investors in theUnited Kingdom and the United States. Investment from the United Kingdom inT-bills clocked in at $2.016 billion followed by the US with $792.8 million.
Analysts said the appetite for Pakistan’s domestic debt has increased asthe central bank hiked interest rates by 7.50 percentage points over aperiod, which resulted in unprecedented rise in yields.
