Foreign investment in pak government praize bonds reached $ 3 billion 70 million

Foreign investment in pak government praize bonds reached $ 3 billion 70 million.

Islamabad: For the first time in history, foreign investment in government bonds has reached $ 3 billion 70 million.

Foreign investors' confidence in Pakistan's economy, investment in government long and short-term bonds touched record levels. According to central bank data, investments in T-bills and Pakistan investment bonds have reached $ 3 billion 70 billion so far this financial year. During this period, $ 2 billion was invested in government bonds from the United Kingdom, $ 88 million from the United States and $ 100 million from the UAE.

According to economic analysts, the IMF, the World Bank, the Asian Development Bank and others have increased confidence in Pakistan's economy, in addition to higher interest rates, foreign investors are also investing in government bonds, but the bonds are supported. If fulfilled, the pressure on the Pakistani rupee may increase.