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