ISLAMABAD – In a big economic achievement, Bloomberg reveals stunningsuccess of Pakistani local currency bonds. Global investors are pilinginto Pakistan’s local-currency bonds like never before, Bloomberg said in areport published today.
Attempts at economic reforms, support from the International Monetary Fundand interest rates topping 13% make the nation’s fixed income attractiveamid a surge in the world’s pool of negative-yielding debt.
Small wonder foreigners bought $342 million of debt in the quarter throughSeptember, compared with virtually zero inflows in the past two years,according to central-bank data going back to 2015.
