PIBs raise $12.7mn in foreign investment


KARACHI: As per the data released by the State Bank of Pakistan (SBP), the Pakistan Investment Bonds (PIBs) raised $12.7mn in foreign investment in the first week of the current month.

According to the details, the increase in cut-off yields has resulted in the rise of foreign investment through PIBs.

For three-year PIBs the cut-off yield increased to 9.4%, for five-year PIBs 9.9%, and for ten-year PIBs, the cut-off yield is set at 10.05%.

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