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KARACHI: The government raised Rs64 billion through the auction of market treasury bills on Tuesday against the target of Rs480bn.
The State Bank of Pakistan reported that the cut-off yields were reduced by up to 15 basis points. The three-month T-bills noted a decline of 6bps to 20.44 per cent.
The benchmark six-month tenor noted no change in the cut-off yield while the 12-month paper witnessed a decline of 15bps to 20.08pc.
The SBP received total bids of Rs1.153 trillion.
Published in Dawn, February 7th, 2024
