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Articles for tag: Accelerating, documents, Foreign, Foreign investment, Government, Investment, returns, Rupee, steady

May 31, 2024

News Desk

Foreign investment in government documents is accelerating

KARACHI: Foreign investments in rupee-based government debt securities, namely Treasury Bills (T-bills) and Pakistan Investment Bonds (PIBs) are gradually gaining momentum, thanks to higher yields and a stable rupee-dollar exchange rate. Foreign currency investments reached a net $35.6 million in the outgoing month of May, bringing total inflows to $192 million in five months of 2024. They helped stabilize the country’s foreign exchange reserves above $9 billion. In a brief comment, Topline Securities managing director Mohammed Sohail said Pakistan attracted new portfolio investment in the wake of a “high interest rate and stable currency”. “We believe that once Pakistan gets

May 25, 2024

News Desk

Rupee raises foreign investment talks

KARACHI: The Pakistani currency strengthened by Rs 0.09 to close at a near one-week high of Rs 278.21 against the US dollar in the interbank market. That upward trend continued for a second straight day, boosted by reports of progress in talks aimed at attracting multibillion-dollar foreign investment from friendly countries. The State Bank of Pakistan (SBP) said the domestic currency had closed at Rs 278.30 against the dollar on Thursday. This appreciation coincided with the continued increase in foreign exchange reserves, which reached a 10-month high of $9.15 billion, supporting the rupee’s strength. The Pakistani Rupee has seen a

May 17, 2024

News Desk

Poland urges Pakistan to protect foreign investment

Islamabad: Polish Ambassador Maciej Pisarkski on Thursday urged Pakistan to take immediate steps to ease the lives of foreign investors, who are suffering badly due to delay in payment of their dues and difficulties in keeping their machinery running. The ambassador made the remarks at a time when Pakistani authorities were trying to bring in foreign investment amid external sector and budget challenges that had created immense difficulties for foreign investors working in Pakistan. “Something has to be done to make life easier for existing investors,” Pisarski remarked to a group of reporters at the embassy. Foreign investors are grappling

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