Karachi May 10, 2023: The government raised PKR 62.88 billion through an auction of fixed-rate Pakistan Investment Bonds (PIBs) compared to a target of PKR 100 billion, as per data published by the State Bank of Pakistan (SBP).
The Cut-off yield for 3 years remained 19.3895% which is all time high in country's history. The Cut-off yield for 3 years PIB increased by 100 basis points compared to the previous auction.
Bids rejected for 5 years and 10 years PIB. SBP did not receive bids for 15, 20, and 30 years PIB.