Islamabad, 11 November 2026: Foreign investors bought $509.2 million worth of Pakistan Investment Bonds (PIBs) between July and October of fiscal year 2026-27, according to State Bank of Pakistan data reported this week. This is the highest amount for these four months on record, and about $251 million of it came in October alone.
Key numbers at a glance
- PIBs: $509.2 million (July–October FY27)
- Treasury bills: about $238 million
- Equities (PSX): about $124.4 million
- Top PIB investor: UAE at roughly $395.7 million, followed by Bahrain at about $80 million
Why foreign money is coming into Pakistani bonds
The main draw is yield. With the SBP policy rate raised to 12% in late October, government papers are paying attractive returns; the six-month T-bill was quoted at around 12.5%. A fairly stable rupee also reduces the currency risk for foreign buyers.
Not everyone sees it as purely good news. Analysts quoted in the reports warn that high returns on government debt pull bank money away from lending to businesses, SMEs and housing.
What it means for ordinary Pakistani investors
You do not need to be a foreign fund to earn these returns. Pakistanis can invest in PIBs and T-bills through banks and the SBP’s investor portfolio accounts, and overseas Pakistanis can do it through a Roshan Digital Account. Start with our guides on Pakistan Investment Bonds and T-Bills.
Related: latest T-bill auction results (11 November 2026) and what the 12% SBP policy rate means for bank profit rates.
FAQs (Roman Urdu)
PIB kya hota hai?
Yeh hukumat ka long-term bond hai jis par fixed ya floating munafa milta hai.
Kya aam aadmi PIB khareed sakta hai?
Ji haan, bank ke zariye ya Roshan Digital Account se.
Sources: Investify / Profit, SBP data via Dawn. This is news, not investment advice.