Abdul Ghani

Pakistan recorded a positive dollar inflow of $35.8 million into its Treasury Bills (T-Bills) under the Special Convertible Rupee Account (SCRA) for July 2025, according to the latest data from the State Bank of Pakistan (SBP) available with WealthPK.

 In June 2025, Pakistan registered inflows of $34.1 million. Analysts view these inflows as an encouraging sign for the economy, bolstering Pakistan’s foreign exchange reserves and contributing to the stability of the national currency. Economic experts believe that the recent performance in the SCRA T-Bill market reflects the successful implementation of key fiscal policies and the government’s ongoing efforts to restore investor confidence in the country’s financial markets.

A senior SBP official informed WealthPK that the positive T-Bill inflows are vital for maintaining and building Pakistan’s foreign exchange reserves, which have faced pressure in recent years due to external debt servicing obligations and domestic economic challenges. The consistent dollar inflows into short-term instruments such as T-Bills indicate that foreign investors are regaining trust in the country’s fiscal management and economic outlook.

Speaking to WealthPK, prominent economist Dr Abdul Jalil said that the steady positive inflows over the past several months represent a notable improvement over earlier periods, which saw considerable volatility in foreign investments. After months of fluctuating inflows and outflows in late 2024, the latest figures point to a gradual stabilization of Pakistan’s financial system. “The sustained dollar inflows come at a crucial time, as the country seeks to maintain financial stability amid high inflation and volatile global market conditions,” Dr Abdul Jalil said.

As Pakistan moves forward, analysts have stressed the importance of maintaining this momentum. They noted that strong fiscal discipline, transparent governance, and strategic partnerships with international financial institutions will be key to sustaining the positive trend in foreign dollar inflows and ensuring long-term economic growth.

With the July 2025 T-Bill inflow of $35.8 million, Pakistan appears to be making crucial strides toward stabilizing its economy and reinforcing investor confidence. As the country navigates persistent economic challenges, these encouraging figures offer a hopeful outlook, suggesting that Pakistan’s financial system may be well-positioned for recovery in the months ahead.

Credit: INP-WealthPk