KARACHI November 03, 2021: SBP raised PKR 285 billion through auction of market treasury bills. The government received total bids of worth PKR 753 billion and the highest bids of PKR 341 billion for 3 Month T-bills followed by PKR 232 billion for 12 Months and PKR 180 billion for 6 Months.
The cut-off yields for 3 Months paper increased by 25 basis points at 8.5003 percent. The cut-off yields for 6 Months paper clocked in at 8.5010 percent compared to 8.1901 percent in second last auction, in last auction SBP rejected the bids for 6M T.Bill.
A L S O || R E A D
Eight Pakistani Banks to roll out collateral free loan scheme for SMEs
For 12 months, SBP rejected the bids. The government raised PKR 285 billion in latest auction.
Mostly raised in 3 Months which was PKR 281 billion followed by 6 Months of PKR 3 billion. The target for the auction was PKR 500 billion.
Related Posts
