SBP successfully conducts MTB auction exceeding expectations

KARACHI: In a remarkable turn of events, the State Bank of Pakistan (SBP) conducted a highly successful Market Treasury Bills (MTBs) auction on Wednesday, surpassing all expectations. The auction saw the sale of MTBs worth Rs283.24 billion for 3, 6, and 12-month tenures, significantly exceeding the initial target of Rs100 billion.

The cut-off yields for the 3, 6, and 12-month MTBs were…

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News Source: profit.pakistantoday.com.pk