According to the State Bank of Pakistan (SBP), the government sold T-bills worth Rs321 billion in the auction. In the announcement issued by the State Bank, the details of the auction of T-bills have been informed. According to the central bank, the government sold three-month bills worth 52 billion rupees and the cut-off yield of three-month bills decreased by 1.48 percent to 17.49 percent. The State Bank added that the government sold six-month bills worth 144 billion rupees and the cut-off yield of six-month bills decreased by 1.01 percent to 17.74 percent. Apart from this, the government has also sold 12-month bills worth Rs125 billion, while the cut-off yield of 12-month bills decreased by 74 basis points to 16.99 percent.

Credit: Independent News Pakistan