Karachi October 5 2022: On October 05, 2022, SBP raised PKR 877 billion through the auction of market treasury bills.
The government received total bids worth PKR 2,013 billion and the highest bids of PKR 1,230 billion for 3 Month T-bills followed by PKR 542 billion for 12 Months and PKR 240 billion for 6 Months.
Cut-off yields decreased by 24-26 basis points as Finance minister indicates lower interest rates as he expects inflation to fall to 12-14 percent by end of this fiscal year on strengthening of Pakistan Rupee.
The cut-off yield for 3 Months, 6 Months, and 12 Months of paper settled at 15.7389 percent, 15.7498 percent, and 15.7500 percent, respectively.
The cut-off yields for 3 Months decreased by 26 basis points and reached at 15.7389 percent, while for 6 Months and 12 Months paper also decreased by 25 basis points, and 24 basis points, respectively.
The government raised PKR 877 billion in the latest auction against a target of PKR 650 billion.
