Investors show great interest in Treasury Bills auction; government earns big revenue
KARACHI: According to the State Bank of Pakistan, the government has sold securities worth Rs664 billion through the auction of T-bills. The auction saw a significant decline in overall profitability.
According to the report:
In the auction of 1-month bills, 333 billion rupees were received, while the cut-off was 11.25 percent, which is 90 basis points lower.
The 3-month bills were sold for 103 billion rupees; their cut-off was recorded at 11.24 percent.
72 billion rupees were received in the auction of 6-month bills; the cut-off was 11.28 percent.
Sales of 12-month bills reached Rs165 billion, and their cut-off stood at 11.35 percent.
The central bank said the decline reflects improved investor confidence and potential stability in the policy rate.
We welcome your contributions to The Pakistan Today. Submit your blogs, articles, press releases, news story pitches and news features to our editorial team.
Please send your submissions to our News Desk or Editorial team. We look forward to hearing from writers, journalists and contributors.
