Karachi April 12 2023: On April 12, 2023 the government raised PKR 143.74 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 18.3899%. The Cut-off yield for 3 years PIB increased by 34 basis points compared to the previous auction.
Bids rejected for 5 years and 10 years PIB due to higher rates. SBP did not receive bids for 15, 20, and 30 years PIB.
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