Karachi: In the current fiscal year, three countries withdrew approximately one billion dollars from the Pakistani Treasury bills, where the external flows are almost equal to the total flows.
This is highlighted between the investments coming from the increasing caution of investors despite the relatively attractive returns.
The government’s efforts to attract foreign investment have achieved limited success. Although it has provided higher returns on T-BILS more than most developing and developing economies, foreign investors are still cautious because of the fragile external sector in Pakistan and the annual external debt service of $ 25 billion.
According to the State Bank in Pakistan, from 1 July to 14 March, the total T-Bill flows amounted to $ 1.163 billion, while external flows amounted to $ 1.121 billion, leaving a net balance of only 42 million dollars.
The United Kingdom, the largest investor in Pakistan in Pakistan, withdrew $ 625 million from its $ 710 million investment. The United Arab Emirates and the United States also recorded large withdrawals of $ 205 million and $ 130 million, respectively.
Despite the recent optimism after the International Monetary Fund agreed to another loan slice and standard transfers, fears are still concerned. Exports are still slow, and foreign exchange reserves have recently decreased to their lowest level in nine months.
