Govt raises Rs214 billion through T-bills


KARACHI: The government raised Rs214 billion through the auction of treasury bills on Wednesday, according to the central bank. The latest auction result released by the State Bank of Pakistan (SBP) revealed that it accepted bids amounting to Rs214.50 billion in three-, six- and 12-month maturities against total face value of Rs223 billion for the auction. The accepted bids were lower than the amount of Rs250 billion target set for the auction.

The cutoff yields of three-, six-, and 12-month treasury bills remained unchanged at 9.0942 percent, 9.1645 percent and 9.2553 percent, respectively. The government raised highest amount of Rs135.60 billion through the sale of six-month treasury bills.


Courtesy: The News