KARACHI: The government accepted Rs580 billion through auction of treasury bills and Rs7bn was accepted through quarterly auction of Pakistan Investment Bonds.

The State Bank of Pakistan reported that the highest bids were offered for the shortest tenure three months.

The total bids for three-month T-bills were Rs624bn while the government raised Rs509.4bn.

An amount of Rs1.64bn was raised for six-month T-bills while the bids offered for this tenure were Rs22.2bn. All bids for 12-month T-bills were rejected.

Published in Dawn, January 14th, 2021