The government increased the cut-off yields on treasury bills (T-bills) by up to 34 basis points in the auction held on Wednesday. AFP/File
KARACHI: The government increased the cut-off yields on treasury bills (T-bills) by up to 34 basis points in the auction held on Wednesday.
The yield on three-month T-bills was increased by 34 basis points to 7.59 per cent while for the benchmark six-month papers it was jacked up by 25 basis points to 7.80pc, the central bank reported.
The government raised Rs508.6 billion and Rs150.7bn from the three- and six-month T-bills auction, respectively. In addition, the government also raised Rs55.6bn through non-competitive bids, taking total borrowings to Rs715.4bn.
The foreign exchange reserves of the State Bank of Pakistan (SBP) have once again touched the $13 billion mark. According to the data released by the SBP,