By Moaaz Manzoor

 The government has raised Rs108.065 billion through the auction of 10-year Pakistan Investment Bonds – Floating Rate (PFL), according to the auction results released by the State Bank of Pakistan.

The auction for the sale of the 10-year floating rate bonds was held on January 7, 2026, with settlement scheduled for January 8, 2026. Bids with a total face value of Rs758,000.000 million were received during the auction.

Out of the total bids received, competitive bids amounting to Rs100,000.000 million in face value were accepted at a cut-off price of 97.1957. The realized amount from these competitive bids stood at Rs97,195.700 million.

In addition to competitive bids, non-competitive bids worth Rs8,065.000 million were also accepted. This brought the total acceptance in the auction, including non-competitive bids, to Rs108,065.000 million in face value terms.

According to the auction details, the price range recorded for the 10-year floating rate bonds was between 94.1381 and 97.1957.

The auction was conducted by the Domestic Markets and Monetary Management Department of the State Bank of Pakistan. 

Credit: INP-WealthPk