Govt to sell T-bills of Rs 7.5t in first 3 months

Govt to sell T-bills of Rs 7.5t in first 3 months
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Summary The government of Pakistan to sell T-bills of Rs 7.5 trillion in first 3 months of 2012.

According to the State Bank of Pakistan, the government will get only Rs 1.05 billion despite the sale Rs 7.5 trillion T-bills. Because T-bills of RS 6.47 trillion will be matured in first three months.The government offered bids for T-bills of Rs 35.84 during 2011. The cut-off yield of 3-month, 4-month and one year increased by 138 points, 143points and 148 points respectively.

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