No one wants to invest in Bikhari led government.
Thank you General Bawla and Bhikaris for causing instability.
KARACHI: Foreign investment inflows into domestic bonds have remained zero in April so far despite over 13 per cent, risk-free returns.
Bankers said the country has been paying a high cost of political uncertainty for the last two months, which also noted massive outflows from Pakistan Investment Bonds (PIBs) and treasury bills.
The State Bank’s latest data shows there was no inflow of investment in treasury bills and PIBs while both noted an outflow of $14.15 m and $14.97m, respectively, as of April 21.
Somebody call DGISPR
No inflows of foreign investment in domestic bonds and a net outflow of FDI have also negatively impacted the exchange rate, as the rupee has no support to stand firm against a bullish dollar.
Thank you General Bawla and Bhikaris for causing instability.
KARACHI: Foreign investment inflows into domestic bonds have remained zero in April so far despite over 13 per cent, risk-free returns.
Bankers said the country has been paying a high cost of political uncertainty for the last two months, which also noted massive outflows from Pakistan Investment Bonds (PIBs) and treasury bills.
The State Bank’s latest data shows there was no inflow of investment in treasury bills and PIBs while both noted an outflow of $14.15 m and $14.97m, respectively, as of April 21.
Somebody call DGISPR
No inflows of foreign investment in domestic bonds and a net outflow of FDI have also negatively impacted the exchange rate, as the rupee has no support to stand firm against a bullish dollar.
Foreign inflows in domestic bonds dry up to zero in April
"Political uncertainty resulting in a change of govt in Pakistan kept investors watching and avoiding investments,” says a banker.
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