{"id":81823,"date":"2021-11-30T10:35:18","date_gmt":"2021-11-30T05:35:18","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=81823"},"modified":"2021-11-30T10:35:23","modified_gmt":"2021-11-30T05:35:23","slug":"sbp-117-billion-pib-policy-rate-change","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-117-billion-pib-policy-rate-change.html","title":{"rendered":"SBP raise PKR 117 billion from PIB following policy rate change"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Monday (November 29) announced the generation of PKR 117 billion from the auction of Pakistan Investment Bonds (PIBs), news sources reported. The central bank received bids of PKR 288 billion against the set target of PKR 100 billion. \u00a0 <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-policy-rate-up-150-base-points-8-75.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP revises policy rate up by 150 base points to 8.75%<\/a><\/p>\n\n\n\n<p>As per the reports, the higher investment in PIB has followed the <a href=\"https:\/\/www.zameen.com\/news\/sbp-monetary-policy-meeting.html\" data-type=\"post\" data-id=\"81527\" target=\"_blank\" rel=\"noreferrer noopener\">hike in interest rates by 150 base points to 8.75%<\/a> in the last week of November by the central bank. The investor\u2019s bids are higher as the market speculate a further rise in interest rates in the coming months.\u00a0 In addition to this, the government has also raised the cut-off yield of 3 years\u2019 PIB by 246 basis points to 11.34% raising a total of PKR 25 billion. While the cut-off yield for the 5-year paper was raised by 241 basis points to 11.59% raising a total of PKR 56.45 billion. <\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-saving-rate-7-25-change.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP jacks up saving rate to 7.25% following policy rate change<\/a><\/p>\n\n\n\n<p>Similarly, for 10 year\u2019s PIB\u2019s policy rate was hiked by 196 basis points to 11.79% raising PKR 35.5 billion.\u00a0 The central bank also clarified that the change in the monetary policy followed unprecedented circumstances faced by the economy amidst the pandemic. The change in policy is focused on giving the economy ample space to absorb the shock and reduce the impact on common people.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Monday (November 29) announced the generation of PKR 117 billion from the auction of Pakistan Investment Bonds (PIBs), news sources reported. The central bank received bids of PKR 288 billion against the set target of PKR 100 billion. \u00a0 Read: SBP revises policy rate up by 150 base points to 8.75% As per the reports, the higher investment in PIB has followed the hike in interest rates by 150 base points to 8.75% in the last week of November by the central bank. The investor\u2019s bids are higher as the market speculate a further rise in interest rates in the coming months.\u00a0 In addition to this, the government has also raised the cut-off yield of 3 years\u2019 PIB by 246 basis points to 11.34% raising a total of PKR 25 billion. While the cut-off yield for the 5-year paper was raised by 241 basis points to 11.59% raising a total of PKR 56.45 billion. Read: SBP jacks up saving rate to 7.25% following policy rate change Similarly, for 10 year\u2019s PIB\u2019s policy rate was hiked by 196 basis points to 11.79% raising PKR 35.5 billion.\u00a0 The central bank also clarified that the&hellip;<\/p>\n","protected":false},"author":84,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[6066,49785],"persona":[],"class_list":{"0":"post-81823","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-sbp","9":"tag-sbp-raise-pkr-117-billion-from-pib-following-policy-rate-change","10":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP raise PKR 117 billion from PIB after policy rate change- Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Monday (November 29) announced the generation of PKR 117 billion from the auction of Pakistan Investment\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-117-billion-pib-policy-rate-change.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP raise PKR 117 billion from PIB after policy rate change- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Monday (November 29) announced the generation of PKR 117 billion from the auction of Pakistan Investment\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-117-billion-pib-policy-rate-change.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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