PSX 100 Index
Updated:
18/10/24 08:17News
Funds Tread Back to Pakistan Local Bonds as Economy Stabilizes
- Inflation is easing, dollar reserves at highest in two years
- The nation’s treasury bills yield is among the highest in Asia
Pakistan’s local debt is set for its first annual inflow in five years, buoyed by high yields and a stable currency in an improving macroeconomic environment.
Net overseas inflows into treasury bills rose to $875 million in 2024, according to State Bank of Pakistan’s latest data from Monday. That’s a turnaround from four straight years of outflows totaling $1.4 billion.