ISLAMABAD, JULY 18: $194 million worth of local T-Bills were purchased by foreign investors via Special Convertible Rupee Accounts (SCRA) in June 2024.
These inflows totaled US$ 581 million in FY24, the second-highest amount in Pakistani history, according to a quick market assessment by Topline Securities.Recall that in FY20, Pakistan received net T-Bill inflows of US$ 612 million, peaking in January 2020 with net monthly inflows of US$ 1.4 billion.
Analysts anticipate that more such money would come to Pakistan for high-yielding government papers now that Pakistan has managed to secure a staff-level agreement with the International Monetary Fund (IMF) on a new long-term accord.This will bolster Pakistan’s foreign exchange reserves and the rupee in the short run.
