After all, more likely, the decline in long-term SA bond yields was influenced by the strong correlation between domestic and foreign term premiums, especially with the US. However, this pattern highlights the vulnerability of domestic yields to any sudden steepening in global yield curves.
In the coming days, this channel is expected to continue playing an important role towards the promotion of financial inclusion and the management of Government to Person (G2P) Programs like Salaries Disbursements, Pensions, BISP, Watan Cards, Pakistan Cards and tax collections services, etc. The existing Branchless Banking deployments can cater to the needs of over 10 million potential beneficiaries of G2P payments in Pakistan.