ISLAMABAD: The government has raised Rs 492.9 billion through the latest treasury bill auction, the State Bank of Pakistan reported. The auction aimed to generate Rs 550 billion in total. Bids worth Rs 1,621.7 billion were received from investors across the country.
According to the State Bank, the one-month treasury bills saw a profit rate drop of 1.2 basis points. Similarly, three-month bills recorded a decline of 0.6 basis points compared to the previous auction. These changes indicate a slight easing in short-term borrowing costs.
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On the other hand, six-month treasury bills experienced a small increase of 0.1 basis points in their profit rate. Analysts say this reflects changing investor demand and market dynamics for medium-term government securities.
The auction attracted strong interest from banks, financial institutions, and individual investors. Experts noted that the high participation shows confidence in government debt instruments despite global economic uncertainties.
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The government will continue holding regular auctions to manage fiscal needs and debt obligations. Officials emphasized that treasury bills remain a vital tool for funding short-term government expenditures efficiently.