Karachi January 23 2025: In the treasury bill auction held yesterday, the government successfully raised PKR 297 billion, with cut-off yields declining as much as 41 basis points to 160 basis points below the policy rate.
This marks a substantial drop in yields ahead of the Monetary Policy Committee’s meeting scheduled for Monday, 27th January 2025, to determine the policy rate.
The majority of the funds, amounting to PKR 251 billion, were raised through 12-month treasury bills, where cut-off yields decreased by 41 basis points to 11.39 percent.
For 6-month treasury bills, the government secured PKR 33 billion, with yields falling by 39 basis points to 11.40 percent.
An additional PKR 41 billion was raised through 3-month treasury bills, with yields declining by 20 basis points to 11.59 percent.
