KARACHI May 18 2022: On May 18, 2022 Government of Pakistan raised PKR 351 billion through auction of market treasury bills.
The government received total bids of worth PKR 1,008 billion and the highest bids of PKR 562 billion for 3 Month T-bills followed by PKR 234 billion for 12 Months and PKR 211 billion for 6 Months.
The cut-off yields dropped across the board with 3 Months and 6 Months paper cut off yield decreased to 14.4999%, which were 29 bps lower than cut-off of last auction.
For 12 Months the cut-off yield decreased by 5 basis points to 14.8050 percent.
The government raised PKR 351 billion in latest auction. Mostly raised in 3 Months which was PKR 235 billion followed by 6 Months of PKR 60 billion and 12 Months of PKR 56 billion. The target for the auction was PKR 500 billion.
