Karachi October 19 2022: On October 19, 2022, SBP raised PKR 853 billion through the auction of market treasury bills.
The government received total bids worth PKR 1,791 billion and the highest bids of PKR 1,202 billion for 3 Month T-bills followed by PKR 212 billion for 6 Months and PKR 376 billion for 12 Months.
Cut-off yields decreased by 1-2 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 15.7198 percent, 15.7434 percent, and 15.7489 percent, respectively.
The cut-off yields for 3 Months decreased by 2 basis points and reached at 15.7198 percent, while for 6 Months decreased by 1 basis points while remained unchanged for 12 Months paper.
The government raised PKR 853 billion in the latest auction against a target of PKR 1,100 billion.
