In a recent auction, the government successfully raised Rs. 452 billion through Treasury Bills (T-Bills), surpassing its target of Rs. 450 billion. The auction saw participation amounting to Rs. 918 billion, as reported by the State Bank of Pakistan (SBP).

The auction resulted in increased cut-off yields for the T-Bills. Specifically, the yield for 3-month T-Bills rose by 21 basis points (bps) to 11.7998 percent. The yield for 6-month T-Bills increased by 10 bps to 11.5048 percent, and the 12-month T-Bills saw an increase of 20 bps, reaching 11.5898 percent.

During the competitive auction, the government secured Rs. 153.2 billion for the three-month paper, Rs. 28 billion for the six-month paper, and Rs. 212 billion for the twelve-month paper, totaling Rs. 393.7 billion.

Additionally, the government raised Rs. 58.2 billion through non-competitive bids, bringing the overall amount raised in the auction to Rs. 452 billion.
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