Karachi November 16 2022: On November 16, 2022, SBP raised PKR 757 billion through the auction of market treasury bills, according to information shared by the central bank.
The government received total bids worth PKR 1,247 billion and the highest bids of PKR 986 billion for 3 Month T-bills followed by PKR 139 billion for 6 Months and PKR 122 billion for 12 Months.
Majority of the amount raised in 3 Months paper as political risk rises. SBP raised an amount of PKR 705.3 billion in 3 Months, PKR 1.05 billion in 6 Month and PKR 2.26 billion in 12 month paper, respectively
Cut-off yields decreased by 1-4 basis points.
The cut-off yield for 3 Months, 6 Months, and 12 Months of paper settled at 15.7100 percent, 15.7298 percent, and 15.6990 percent, respectively.
The cut-off yields for 3 Months remained unchanged, while for 6 Months and 12 Months paper decreased by 1 basis points and 4 basis points, respectively.
The government raised PKR 757 billion in the latest auction against a target of PKR 650 billion.
