Karachi February 8 2023: On February 08 2023, SBP raised PKR 464 billion through the auction of market treasury bills at all time high rates, according to State Bank of Pakistan.
The government received total bids worth PKR 858 billion and the highest bids of PKR 520 billion for 3 Month T-bills followed by PKR 171 billion for 6 Months and PKR 167 billion for 12 Months.
Cut-off yields increased by 6 basis points for 3 Months from 17.9374 percent. The cut-off yield for 3 Months of paper settled at 17.9996 percent.
The government raised amount of PKR 454 billion in 3 Month T-bills followed by PKR 8.4 billion in 6 Months and PKR 1.2 billion in 12 Months papers.
The cut-off yield for 3 Months, 6 Months, and 12 Months paper settled at 17.9996 percent, 17.8400 percent, and 17.9499 percent, respectively.
Some investors demand rate as high as 18.99 percent for 3 Months, and 19.99 percent for both 6 Months and 12 Months papers.
The government raised PKR 464 billion in the latest auction against a target of PKR 800 billion.
