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