Foreign investors rush into Pakistan, with inflows surging 200% in first half of the year ...News

Pakistan has seen unprecedented inflows of foreign money this year. Global investors bought 1-year bonds worth $642 million in November alone. That is expected to reach a record $3 billion by the end of the fiscal year as investors are lured by high interest rates and promises of economic reform. According to Abdul Hafeez Shaikh, financial adviser to Prime Minister Imran Khan, foreign direct investment surged 200 percent in the first half of 2019. Stocks have also risen, with the main Karachi stock index up by 13 percent over the past month, making it the best-performing stock exchange of the 94 tracked by Bloomberg.

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