PIBs Attract Net Inflow of $256m in 12MFY21
In contrast to Treasury bills (T-bills) and equities, foreign investment in Pakistan Investment Bonds (PIBs) increased by $256 million cumulatively during the preceding fiscal year.
According to a local media report based on the most recent statistics released by the State Bank of Pakistan (SBP) on Wednesday, equity and Treasury bill inflows were fewer than outflows, resulting in negative figures for both divisions.
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The domestic long-term bonds Foreign investors remained attracted to PIBs because their returns were substantially greater than those of international government bonds. In an auction held on June 9, 10-year PIBs gave a return of 9.84%.
During FY21, PIB inflows totaled $277.4 million, while outflows reached $21.5 million. The total cumulative inflow was $256 million.
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In FY21, the greatest inflows into PIBs came from the United States, which totaled $118.5 million. The inflows from Luxembourg were the second biggest at $115,3 million, while the country also had an outflow of $11.7 million.
During FY21, total net inflows of PIBs, T-bills, and stocks were $1,647m compared to outflows of $2,013m. In FY21, a net outflow of $366,6 million was seen.
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