T-bills attract $94m foreign capital in Oct

November 13, 2024 (MLN): Foreign investors maintained a strong interest in Pakistani T-Bills, injecting $94.37 million in the first 25 days of October 2024, according to latest data from the State Bank of Pakistan (SBP).

That takes the total net inflow to $297.45m in the current fiscal year to date through Special Convertible Rupee Accounts (SCRA) as the country continues to experience growing confidence amidst improved economic conditions and a stable exchange rate.

To note, despite a notable decline in the past few months, these bonds still offer attractive returns of around 13.9% for three-month, 13.5% for six-month, and 13.1% for 12-month papers.

SCRA allows foreign persons, institutions, and non-resident Pakistanis to invest into various instruments such as equities, government bonds, and TFCs.

Under this scheme, the funds are converted into Pakistani rupees and credited to the depositor's "Special Convertible Rupee" account.

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