KARACHI: The government raised Rs210 billion through the auction of Pakistan Investment Bonds (PIBs) on Tuesday while it slashed rates by up to 14 basis points.

The government raised the highest amount of Rs77.3bn for the five-year PIBs at the rate of 9.85 per cent. It raised Rs50.5bn for three-year and Rs47.5bn for 10-years PIBs at 9.27pc and 10.25pc, respectively.

The government raised Rs12bn each for 15 and 20-year PIBs at the rate of 10.48pc and 10.61pc, respectively.

The three, five and 10-year PIB rates were reduced by 14bps, 5bps and 4bps, respectively. The government raised Rs199bn from fixed rate PIBs against the target of 125bn.

The total amount raised by the government through non-competitive bids and short-selling was Rs210.5bn.

Published in Dawn, April 14th, 2021

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

An audit of polio funds at federal and provincial levels is sorely needed, with obstacles hindering eradication efforts targeted.
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...