Govt Raises Rs. 193 Billion Through Pakistan Investment Bonds

The government on Wednesday raised Rs. 193 billion through the auction of fixed-rate Pakistan Investment Bonds (PIBs) against an auction target of Rs. 100 billion as a result of the State Bank of Pakistan’s (SBP) unchanged interest rate.

According to data from the central bank, the cut-off yields for all maturities went up by 88-115 basis points (bps) in the auction of the paper.

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