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.
News Source: https://propakistani.pk/2022/03/16/govt-raises-rs-193-billion-through-pakistan-investment-bonds/