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Pakistan has witnessed major outflows of foreign investment with just three countries withdrawing nearly USD 1 billion from the treasury bills during the current financial year. According to the State Bank of Pakistan, between July 1 and March 14 this fiscal year, inflows into T-bills totalled USD 1.163 billion while outflows stood at USD 1.121 billion, leaving a net balance of just USD 42 million. The withdrawal of USD 1 billion has left the outflows almost matching total inflows in Pakistan's fragile economy leading to investor caution despite attractive returns. The United Kingdom, traditionally Pakistan's largest T-bill investor, had invested USD 710 million during FY25 but withdrew USD 625 million. The United Arab Emirates and the United States recorded outflows of USD 205 million and USD 130 million, respectively. The Pakistan government to bring in foreign inflows has announced higher yields on its T-bills in comparison to most developed and developing economies. A financi
Britain's Treasury chief Rachel Reeves said Friday that she is not satisfied by official figures showing the British economy's rebound from recession slowed down sharply in the third quarter of the year, with most sectors stagnating. The Office for National Statistics said growth during the July to September period was just 0.1 per cent. That was lower than the 0.5 per cent recorded in the previous three-month period and below market expectations for 0.2 per cent. The statistics agency said overall output in September actually shrank, a development that has further fueled accusations from critics of the new Labour government that its pessimism dragged the economy down in its first few weeks in office. On coming to power in July for the first time in 14 years, the government described its economic inheritance from the former Conservative administration as the bleakest in decades, requiring urgent action to fix the public finances. The Conservatives' Treasury spokesperson, Mel Stride,