KARACHI: Only three countries withdrew nearly $1 billion from Pakistan’s treasury bills during the current financial year, with outflows almost matching total inflows. The near-parity between incoming and outgoing investment highlights growing investor caution despite relatively attractive returns.

Efforts by the government to attract foreign investment have yielded limited results. Despite offering higher yields on T-bills compared to most developed and developing economies, foreign investors remain concerned about Pakistan’s fragile external sector.

While some macroeconomic indicators and foreign exchange reserves have shown improvement, the country remains burdened by some $25bn in annual external debt........

© Dawn Business