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KARACHI: The government on Wednesday raised Rs172 billion from market treasury bills (MTBs) and Pakistan Investment Bonds (PIBs) auctions respectively.
The government raised Rs113bn from the MTBs and Rs59bn from the PIBs. Of the MTBs, Rs59.45bn were raised from direct auction whereas Rs53.7bn were from non-competitive bids.
However, the government borrowed less than the auction target of Rs150bn. The bid trend shows investors particularly banks have ample liquidity. The total bids were Rs629bn.
Published in Dawn, August 13th, 2020
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Aug 13, 2020 10:48am
That shows banks have a lot of liquidity and there is no appetite for borrowings by the private sector.
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Aug 13, 2020 09:47pm
In an indication that the Centre’s ‘Atmanirbhar Bharat’ push could be yielding early results in the solar energy space, the Renewable Energy Ministry has received proposals from a range of players for over 10GW of fresh solar equipment manufacturing.
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