KARACHI – Over the newly launched Foreign Treasury Bills, PTI governmentachieves yet another economic success with positive response of investorsover the economic initiative.
Foreign portfolio investors invested $241.851 million in treasury bills injust 27 days in the month of September, 2019, as the incumbent governmentstarted betting on overseas funds into debt securities to finance budgetdeficit and refinance maturities.
The State Bank of Pakistan’s (SBP) latest data available with the mediashowed that outflow from portfolio investors amounted to $328 million sinceJuly 1.
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Currently, financial institutions from two sources, the United States andthe United Kingdom (UK), are pumping heavily in treasury bills. Investorsfrom the U.S. bought treasury bills amounting to $289 million in the firsttwo months of the new fiscal year FY2020, whereas, institutions from the UKbought treasury bills amounting to $38.455 million.
