Karachi April 20 2022: On April 27, 2022 SBP raised PKR 672 billion through auction of market treasury bills.
The government received total bids of worth PKR 707 billion and the highest bids of PKR 341 billion for 3 Month T-bills followed by PKR 216 billion for 12 Months and PKR 151 billion for 6 Months.
The cut-off yields for 3 Months, 6 Months and 12 Months paper increased by 129 basis points, 114 basis points and 96 basis points, respectively on fear of increase in inflation due to roll back of subsidies given by government on fuel and electricity bills.
The cut-off yield for 3 Months, 6 Months and 12 Months paper settled at 14.7898 percent, 14.9901 percent and 14.8050 percent, respectively.
The government raised PKR 672 billion in latest auction against target of PKR 600 billion.
