Foreigners withdraw $78m from T-bills

KARACHI: Foreign investment inflows into domestic bonds have reversed, with a significant disinvestment of $78 million taking place within the first 15 days of August.

The sudden reversal in investment inflows may have multiple causes, but investors attribute it to the declining returns on treasury bills, which may further decrease in the near future.

The first month of the current fiscal year (July) saw record inflows into treasury bills, totaling $258.3m.

According...