Govt raises Rs569bn thru T-bills auction

Published July 15, 2021
The government accepted Rs94.96bn for three-month T-bills at 7.258pc against the bids of Rs625bn. — AFP/File
The government accepted Rs94.96bn for three-month T-bills at 7.258pc against the bids of Rs625bn. — AFP/File

KARACHI: The government raised Rs569.7 billion through auction of market treasury bills on Wednesday.

The cut-off yields on both three-month and 6-month papers were slightly reduced by 5 and 4 basis points, respectively.

Banks participated in the auction with huge liquidity as the total bids for three-month, six-month and 12-month reached Rs1,683.7bn while the government raised Rs569.7bn. All bids for 12-month were rejected.

The government accepted Rs94.96bn for three-month T-bills at 7.258pc against the bids of Rs625bn.

However, the government raised the highest amount of Rs474.8bn for six-month T-bills at 7.539pc against the bids of Rs920bn.

The government also raised Rs118.296bn through auction of Pakistan Investment Bonds (PIBs). An amount of Rs73bn was accepted for two-year PIBs against the bids of Rs74bn while Rs45bn was accepted for three-year against the bids of Rs48.7bn. In addition, Rs296 million was also raised as non-competitive bids making the total at Rs118.296bn.

Published in Dawn, July 15th, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

‘Source of terror’
Updated 29 Mar, 2024

‘Source of terror’

It is clear that going after militant groups inside Afghanistan unilaterally presents its own set of difficulties.
Chipping in
29 Mar, 2024

Chipping in

FEDERAL infrastructure development schemes are located in the provinces. Most such projects — for instance,...
Toxic emitters
29 Mar, 2024

Toxic emitters

IT is concerning to note that dozens of industries have been violating environmental laws in and around Islamabad....
Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...