State Bank of Pakistan generates Rs 388 billion surpassing significantly the target

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State Bank of Pakistan generates Rs 388 billion surpassing significantly the target

KARACHI: State Bank of Pakistan generates Rs 388 billion surpassing significantly the target.

The State Bank of Pakistan (SBP) has raised Rs388 billion through T-bills, exceeding the target set of Rs300 billion.

The SBP conducted the auction for the sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs) and received bids amounting to over Rs1,380 billion.

Bids worth Rs250.6 billion were received for 3-month T-bills, Rs4 billion for 6-month T-bills while 12-month government papers fetched bids amounting to Rs1,126.4 billion.

Out of the received bids, the federal government raised Rs131 billion from 3-month bids, Rs2 billion from 6-month T-bills and Rs255 billion from 12-month T-bills.

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