Unprecedented in history, investment in Pakistan government securities cross Rs 10 trillion mark
KARACHI - Unprecedented in history, investment in Pakistan government securities cross Rs 10 trillion mark for the first time, media report had revealed.
Investment in government securities cross the Rs10 trillion mark to Rs10.3 trillion for the first time, data showed in the latest report released by the State Bank of Pakistan (SBP).
SBP data showed that banks and non-banks including corporate sector investments in the government papers reached Rs10.3 trillion by the end of August. The majority of this investment came in the form of short term papers.
The World Bank in its latest report commented that the strong short-term deposit mobilisation, due to recent increases in policy rates, has been utilised for investments in government securities, reported *Dawn*.
The banking sector’s strategy changed from investing in long-term instruments ie Pakistan Investment Bonds (PIBs) to short-term Treasury bills.