KARACHI: Foreign investment outflows from treasury bills (T-bills) exceeded $1.5 billion in FY25, with June recording the highest monthly outflow, according to data released by the State Bank of Pakistan (SBP) on Friday.

The data show that outflows from domestic bonds were 24pc higher than inflows during the fiscal year. Total foreign inflows in T-bills stood at $1.279bn — an improvement from the previous year — yet heightened geopolitical tensions between Pakistan and India increased risk perception among investors.

June witnessed a sharp pullback, with foreign investors purchasing just $24 million in T-bills while withdrawing........

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