2
KARACHI: The government raised Rs1,666 billion through auctioning of market treasury bills on Wednesday against the target of Rs1,350bn.
The bidding for the auction amounted to Rs2,286bn reflecting the liquidity movement in the financial sector. Banks are willing to put the maximum in the government papers for higher yields without risks while private sector lending is extremely low.
The government kept the 3-month cut-off yield unchanged at 16.99 per cent but increased by 10 basis points to 16.88pc for 6 months and reduced by 4bps to 16.80pc for 12-month T-bills.
Published in Dawn, December 15th, 2022
Read more
On DawnNews
Comments (2) Closed
Dec 15, 2022 08:52am
Vicious circle of T- Bills, Bonds, please stop corruption and raise GDP, stop luxury imports, shrink Cabinet,
adopt austerity. That will bring better results.
Recommend
0
Dec 15, 2022 03:16pm
Keep selling Pakistan.
Recommend
0
