Outflows from T-bills surpass inflows

oreign investments in treasury bills (T-bills) sharply fell as outflows were four times higher than the inflows in the first week of November. Data released by the State Bank of Pakistan (SBP) on Thursday showed that foreign investors had lost their interest in domestic bonds as withdrawals surged to $46 million against an inflow of $10.5m during the first week of this month. The government claims that the economy is recovering as major indicators have improved. However, the loss of interest in the domestic bonds has some reasons. Some financial experts believe that the falling returns on domestic bonds were the main factor that caused foreign investors to take out their money from Pakistan.