Karachi March 15 2023: The government raised PKR 26.35 billion through an auction of fixed-rate Pakistan Investment Bonds (PIBs) compared to a target of PKR 100 billion, as per data published by the State Bank of Pakistan (SBP).
The Cut-off yield for 3 years and 5 years PIB remained 18.0500% and 13.8000%, respectively.
Government received bids of PKR 44 billion for 3 year, PKR 29 billion for 5 years and PKR 123 billion for 10 year PIB. Government raised PKR 26 billion in 3 years and PKR 0.35 billion in 5 years.
Bids rejected for 10 years PIB. SBP did not receive bids for 15, 20 and 30 years PIB.
Government scrap previous three auctions of PIB
