KARACHI: Pakistan witnessed 87 per cent foreign investment withdrawal from treasury bills (T-bills) due to a sharp reduction in profit rates in almost seven months.

The returns on T-bills halved during the first seven months of the current fiscal year. These large outflows occurred despite a stable exchange rate for over a year.

Financial market experts said many other factors could contribute to the outflow of foreign investments from T-bills.

According to the State Bank of Pakistan (SBP) data, T-bills attracted an inflow of $984 million from the start of July last year to Jan 17. In contrast, the outflow reached........

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