Connect with us

Hi, what are you looking for?

Economy

Pakistan Attracts $20.6 Million in Foreign Investment through T-Bills

Pakistan’s recent surge in foreign investment, evidenced by a $20.6 million net flow into T-Bills through Special Convertible Rupee Accounts (SCRA), highlights a positive trend in the country’s economic landscape. This influx follows a robust performance last month, with $89.2 million in net flows into T-Bills, indicating growing confidence in Pakistan’s economic stability and exchange rate.

Throughout the current fiscal year, Pakistan has witnessed a substantial net flow of $152 million in T-Bills through SCRA, emphasizing the attractiveness of these investment avenues. The allure of T-Bills lies in their appealing returns, with rates reaching 21.66% for three-month T-bills, 21.39% for six months, and 20.90% for 12-month papers, all denominated in Pakistan rupees (PKR).

SCRA serves as a gateway for foreign entities, institutions, and non-resident Pakistanis to participate in Pakistan’s financial markets by investing in various instruments, including equities, government bonds, and TFCs (Term Finance Certificates). This platform facilitates seamless transactions, allowing foreign investors to convert their funds into PKR and deposit them into their “Special Convertible Rupee” accounts.

The increased foreign investment through SCRA underscores the confidence of investors in Pakistan’s economic prospects and the stability of its financial markets. Moreover, it reflects the effectiveness of measures taken by the government and regulatory authorities to create an environment conducive to foreign investment.

Overall, the inflow of foreign investment through SCRA not only bolsters Pakistan’s economic resilience but also contributes to its broader financial inclusion and market development objectives.

Written By

I am an accomplished graduate of Strategic Studies, driven by a fervent dedication to comprehending global affairs and devising impactful strategies. Equipped with a comprehensive skill set encompassing research, critical thinking, and persuasive communication, I possess a distinctive viewpoint and an unwavering commitment to fostering inclusive decision-making processes. As a versatile individual, I excel in collaborating with diverse groups in various settings, leveraging my strong interpersonal abilities to adapt seamlessly to new environments and surmount any challenges that arise. With a passion for contributing to strategic initiatives, I am eager to leverage my expertise and drive to effect positive change within the field.

Health & Education

Pakistani Medical Mission As the Hajj pilgrimage approaches, Pakistan’s Hajj Medical Mission (PHMM) stands ready to ensure the well-being and safety of Pakistani pilgrims...

Breaking News

Advance Salaries The Punjab government has announced that public sector employees will receive their salaries in advance ahead of Eid ul-Adha 2024. This decision,...

Entertainment

ISLAMABAD: Self-proclaimed singer Chahat Fateh Ali Khan’s viral song ‘Bado Badi’ has been removed from YouTube after amassing over 28 million views. The song...

Breaking News

TEHRAN/ISLAMABAD: Iran’s hardliner ex-president Mahmoud Ahmadinejad has registered his candidacy for the upcoming presidential election this month, state media reported. The Islamic republic will...