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

Opinion

Climate & youth

Climate & youth

Disillusionment and anxiety are on the rise among youth as they confront the diminishing prospects of a better tomorrow.
Our exclusivity syndrome
Updated 17 Oct 2021

Our exclusivity syndrome

Pakistan needs at least a minimum level of inclusivity that can keep alive democratic values.
Shafqat Kakakhel
Updated 16 Oct 2021

Shafqat Kakakhel

COP26 has to achieve consensus on several issues.

Editorial

Carnage in Kandahar
Updated 17 Oct 2021

Carnage in Kandahar

Pakistan’s anti-extremism policy is in many ways half-baked and inconsistent.
17 Oct 2021

Sanctity of contracts

PAKISTAN is facing yet another international dispute before the International Centre for Settlement of Investment...
17 Oct 2021

New sports policy

THIS week, the Pakistan Football Federation Normalisation Committee chief Haroon Malik was in Zurich to hold ...
Diminishing freedom
Updated 16 Oct 2021

Diminishing freedom

DESPITE the serious reservations of digital rights activists and tech companies, the federal government has...
16 Oct 2021

Dirty politics

IN her outburst against Prime Minister Imran Khan this week, PML-N leader Maryam Nawaz may not have taken names but...
16 Oct 2021

Decreasing emissions

THE announcement by SAPM on Climate Change Malik Amin Aslam that carbon emissions in the country came down by 9pc...