Government Bonds Witnessed 30% Increase in Investment
Announcement regarding increase of investment in government bonds
ISLAMABAD, October 03 , 2022- According to news sources, the State Bank of Pakistan (SBP) provided data on Monday, September 27, showing a 30% increase in investments in government-backed bonds.
Compared to the same period last year, private banks and businesses invested USD 4.877 trillion more in government securities during the nine months that ended in June. According to official data, banks and numerous corporate goliaths continue to derive the majority of their income from high-yielding, risk-free domestic bonds. By June 30, banks had invested PKR 21.084 trillion, up from PKR 16.207 trillion in September of last year. It is important to note that the government plans to raise policy rates to combat inflation, and that the current rate is the highest in the last ten years, hovering around 15%. To encourage greater investment, the government has nevertheless kept the profit rate on bonds only a little bit higher than the market rate.
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