Govt surpasses T-bills sale target

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Govt surpasses T-bills sale target

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The government has sold T-bills more than the target in first bid in new FY.

13 July,2011 07:38 pm

According to the State Bank of Pakistan, primary dealers offered bids worth Rs 162 billion. T-bills worth Rs 101 billion were sold. In the first bid of new fiscal year, T-bills of Rs 8 billion, Rs 63 billion and Rs 30 billion were sold for 3,6 and 12 months respectively. Cut-off yield for six months closed at 13.75 percent, with an increase of two basis points. While, cut-off yield for 3 and 12 months remained unchanged.