Karachi May 31 2023: On May 31, 2023, State Bank of Pakistan raised PKR 2,286 billion, more than the target amount, through the auction of market treasury bills.
The government received total bids worth PKR 3,060 billion and the highest bids of PKR 2,423 billion for 3 Month T-bills followed by PKR 321 billion for 12 Months and PKR 306 billion for 6 Months.
Cut-off yields increased by 3 basis points for 6 Month T-Bills, while for 3 Months and 12 Months the cut-off remained unchanged.
The cut-off yield for 3 Months, 6 Months, and 12 Months paper settled at 21.9999 percent, 21.9429 percent, and 21.9997 percent, respectively.
The government raised PKR 2,286 billion in the latest auction against a target of PKR 1,800 billion.