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Mettis Global News
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Mettis Global News

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Foreigners pull out $1.86 billion from bond market since July’19

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March 20, 2020 (MLN): Risk-averse foreigners are more prone to hedge their investment from Pakistan's bond market as they withdrew $600 million from government bonds on March 18, 2020. As a result of this, total investment in government bonds stood at $1.34 billion till March 18, 2020.

According to SCRA numbers published by the SBP, foreigners pulled out $1.30 billion from bond markets in the month of March alone.

Cumulatively, the total divestment from bond markets from July 18, 2019 to March 18, 2020 were recorded at $1.86 billion.

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Posted on: 2020-03-20T12:02:00+05:00

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