Updated on
Summary The government has sold T-bills more than the target in second bid in new FY.
According to the State Bank of Pakistan, the government has set a target of Rs 120 billion T-Bills, but the dealers offered bids of Rs 159.54 billion.In the second bid of new fiscal year, T-bills of Rs 122 billion were sold for 3,6 and 12 months respectively. Cut-off yield remained at 13.53, 13.78 and 13.92 percent, with an increase of three and two basis points.
