KARACHI: The government raised Rs64 billion through the auction of market treasury bills on Tuesday against the target of Rs480bn.

The State Bank of Pakistan reported that the cut-off yields were reduced by up to 15 basis points. The three-month T-bills noted a decline of 6bps to 20.44 per cent.

The benchmark six-month tenor noted no change in the cut-off yield while the 12-month paper witnessed a decline of 15bps to 20.08pc.

The SBP received total bids of Rs1.153 trillion.

Published in Dawn, February 7th, 2024