KARACHI: The government on Wednesday raised Rs167 billion — 50 per cent less than the auction target — from treasury bills as investors were keen on parking their funds in longer tenors.

Investors offered close to Rs1 trillion with massive Rs508.8bn bids for 12-month papers, but the government accepted only Rs90.5bn bids at a cut-off yield of 7.75pc.

However, it accepted bids of Rs26.8bn for three-month papers at 8.15pc, a fall of 24 basis points. The yields for six-month papers were also down by 19bps to 7.8pc as the government only accepted Rs50bn bids.

Published in Dawn, May 21st, 2020


Back to governance

Back to governance

While PDM has continued efforts to mount political pressure, it has been unable to force a crisis to challenge the PTI government.
Inequality virus
25 Jan 2021

Inequality virus

An Oxfam report calls for radical changes to the economic system.


Updated 25 Jan 2021

Where the buck stops

The rights to due process and security of person are accorded to every individual in this country.
25 Jan 2021

PPP’s plan?

THE PDM faces a fresh crisis as the PPP takes a conspicuously soft position on the long march. While the PDM talks ...
25 Jan 2021

Forward guidance

THE State Bank has taken the unusual step of issuing a forward guidance in its latest monetary policy statement to...
Updated 24 Jan 2021

Delayed olive branch

THE PTI government has finally mustered up sufficient political prudence to extend an olive branch to the opposition...
24 Jan 2021

Bureaucracy reform

WHILE the intention behind the endeavour may be lauded, the civil service reform package unveiled by the government...
24 Jan 2021

Minority rights

ON Thursday, the United Nations General Assembly adopted a resolution to safeguard religious sites around the world,...