KARACHI September 22 2022: On September 22, 2021 Government of Pakistan raised PKR 806 billion through auction of market treasury bills.
The government received total bids of worth PKR 1,171 billion and the highest bids of PKR 842 billion for 3 Month T-bills followed by PKR 231 billion for 6 Months and PKR 98 billion for 12 Months.
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The cut-off yields for 3 Months paper remained unchanged at 7.6388 percent, which was 40bps higher than cut-off of last auction.
For 6 Months the cut-off yield is up by 49 basis points to 7.9798 percent. For 12 months, SBP reject the bids.
The government raised PKR 806 billion in latest auction. Mostly raised in 3 Months which was PKR 760 billion followed by 6 Months of PKR 46 billion. The target for the auction was PKR 800 billion.