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Page 4 - பாக்கிஸ்தான் முதலீடு பத்திரங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bank deposits surge to all-time high

Bank deposits surge to all-time high Register 14-year high growth rate of 22%, stand at Rs19.8tr at end of FY21 Going forward, average deposits are expected to grow 15% from 2021-23 compared to last 10-year average growth of 13%. PHOTO: FILE KARACHI: Government, private sector and household deposits with banks in Pakistan grew 22% - the fastest pace in 14 years - to touch an all-time high of Rs19.8 trillion in fiscal year ended June 30, 2021 in the wake of a turnaround in the national economy. Bank deposits had stood at Rs16.2 trillion a year ago on June 30, 2020, according to Topline Research. “Acceleration in economic activities directly supports deposit growth as businesses and people earn more,” Arif Habib Limited Head of Research Tahir Abbas said.

Govt raises Rs146 4 billion via fixed rate PIBs auction

July 8, 2021 KARACHI: The government on Wednesday raised Rs146.4 billion through the auction of fixed rate Pakistan Investment Bonds (PIBs), which was lower than the pre-auction target of Rs150 billion. The cut-off yield on the three-year paper remained unchanged at 8.6900 percent, according to the central bank’s auction result. The yield on the five-year PIBs stood at 9.1980 percent, compared with the previous yield of 9.2000 percent. The bids for the 10, 20 and 30 years were rejected by the government. However, the yield on the 15-year paper remained at 10.4000 percent. It was rejected in the previous auction held on June 9. The central bank said it sold Rs137.4 billion worth of three-year paper and Rs5 billion of the five-year and Rs4 billion worth of 15-year paper.

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