Karachi: The government accepted bids worth PKR 274.4\nbillion in its latest Treasury Bills (T-Bill) auction, according to a recent press\nrelease by the State Bank of Pakistan. During the proceedings, it received bids\nworth over PKR 1.1 trillion, but only accepted a fraction<\/p>\n\n\n\n
Reportedly, the accepted bids amounted to 25% less than the\nauction target of PKR 400 billion \u2013 tethered to a maturity amount of PKR 345.9\nbillion. <\/p>\n\n\n\n
The high amount of bids received during the auction were\nindicative of the banking sector\u2019s eagerness to invest in government papers; a willingness\nnot reflected in their disbursal of funds to the private sector. <\/p>\n\n\n\n
Through this and other such auctions, the government has\nreportedly been focussed on inviting foreign investors to increase its T-Bill\ninflows, as the high interest rates of 13.25% have held off domestic investors.\nThese interest rates are expected to change in the medium to long term, as the\ncurrent rates have prevented the banking sector from lending to the private\nsector. <\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi: The government accepted bids worth PKR 274.4 billion in its latest Treasury Bills (T-Bill) auction, according to a recent press release by the State Bank of Pakistan. During the proceedings, it received bids worth over PKR 1.1 trillion, but only accepted a fraction Reportedly, the accepted bids amounted to 25% less than the auction target of PKR 400 billion \u2013 tethered to a maturity amount of PKR 345.9 billion. The high amount of bids received during the auction were indicative of the banking sector\u2019s eagerness to invest in government papers; a willingness not reflected in their disbursal of funds to the private sector. Through this and other such auctions, the government has reportedly been focussed on inviting foreign investors to increase its T-Bill inflows, as the high interest rates of 13.25% have held off domestic investors. These interest rates are expected to change in the medium to long term, as the current rates have prevented the banking sector from lending to the private sector.<\/p>\n","protected":false},"author":58,"featured_media":59963,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[2046,14018,15045,15044],"persona":[],"class_list":{"0":"post-59961","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-auction","9":"tag-banking","10":"tag-govt","11":"tag-t-bill","12":"cat-15016-id"},"acf":[],"yoast_head":"\n