Karachi: The State Bank of Pakistan (SBP) has announced the collection of PKR 467 billion from the auctioned treasury bills (T-bills), news sources reported on August 10. The T-bills were auctioned to raise funds for the government’s sponsored development schemes.
According to reports, the government received less than the estimated market value of PKR 550 billion due to a slow market reaction. T-bills were auctioned off for three months, six months, and one year at a higher than the market profit rate of 15%. The government issued treasury bills with the following yield:
● The highest amount of PKR 339.1 billion was raised for three-month T-bills offered at 15.75%
● PKR 10 billion was raised from the auction of T-bills of the six-month benchmark at 15.80%.
● PKR 64.7 billion was raised from the 12-month T-bills offered at 15.94%
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
