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

Big win, bigger challenges
19 Sep 2021

Big win, bigger challenges

Pakistan should be smug. It is not. There are a number of likely scenarios that must be the source of its unease.
Power of stays
19 Sep 2021

Power of stays

Great power means no one dare ask you questions.
Local decay
18 Sep 2021

Local decay

The set-up in Sindh exercises total control over LG functions.

Editorial

Talking to the Taliban
Updated 19 Sep 2021

Talking to the Taliban

PRIME Minister Imran Khan has announced that he has started a dialogue with the Taliban for the formation of a...
19 Sep 2021

New Zealand’s departure

THERE was chaos and despair when New Zealand decided to call off their tour of Pakistan barely minutes before the...
19 Sep 2021

Crucial polio campaign

THE national vaccination campaign that kicked off in Khyber Pakhtunkhwa on Friday is being described by experts as...
Blinken’s remarks
Updated 18 Sep 2021

Blinken’s remarks

The US establishment cannot scapegoat Pakistan for two decades of bad policy in Afghanistan.
18 Sep 2021

Worrying survey

THE findings of the Labour Force Survey 2018-19 indicate that some important headline trends have already taken or...
18 Sep 2021

Special needs

THE fact that only 3,653 children with special needs, out of some 300,000 in Sindh, are registered with the...