KarachiUAE investors bought $395.7 million of Pakistan’s bonds since July.
Foreign bond purchases hit $509.2 million, the highest for July-October, State Bank data show.
Pakistan’s central bank raised its policy rate 50 basis points to 12% on 26 October, and the six-month T-bill pays 12.54%.
Some analysts say Pakistanis themselves buy through overseas accounts, and costly state borrowing leaves private firms little credit.
The bonds count as near-risk-free only while the exchange rate, stable for over a year, holds.
How each outlet framed it
drawn from 40+ reports worldwide
- Dawn
- shows the UAE took $395.7m of the $509.2m in PIB inflows, tying the Gulf war's strain on Dubai to the Pakistan bond rally
Sources: Dawn