Foreigners put $55m in T-bills in a week

Despite frequent sharp decreases in the cut-off yields across all tenors, foreign investors poured a record $55 million into short-term treasury bills during the first week of September. The inflows were disappointing in August, but the scenario changed at the outset of the current month. “Some of the good reasons are the macroeconomic stability which compels foreign investors to look towards Pakistan for better returns,” said Tresmark Chief Executive Officer Faisal Mamsa. The State Bank of Pakistan data showed that the foreigners invested $55.332m in the first week of this month, with major inflows of $28.624m from Bahrain and $26.707m from the United Kingdom.