Karachi May 17 2023: On May 17, 2023, State Bank of Pakistan raised PKR 445 billion, more than the target amount, through the auction of market treasury bills.
The government received total bids worth PKR 615 billion and the highest bids of PKR 452 billion for 3 Month T-bills followed by PKR 85 billion for 12 Months and PKR 78 billion for 6 Months.
Cut-off yields decreased by 5 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 21.9923 percent, 21.9157 percent, and 21.9973 percent, respectively.
The government raised PKR 445 billion in the latest auction against a target of PKR 375 billion.