{"id":87001,"date":"2022-06-30T14:52:28","date_gmt":"2022-06-30T09:52:28","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=87001"},"modified":"2022-06-30T14:52:34","modified_gmt":"2022-06-30T09:52:34","slug":"sbp-pkr-1-7-tr-market-treasury-bills","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-pkr-1-7-tr-market-treasury-bills.html","title":{"rendered":"SBP raises PKR 1.7 tr auctioning market treasury bills"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Karachi: The State Bank of Pakistan (SBP) on Wednesday (June 29) raised PKR 1.742 trillion by auctioning Market Treasury Bills (MTB) to commercial banks, news sources reported. The collected amount surpassed the targeted amount of PKR 800 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-crr-requirements-housing-finance.html\" data-type=\"post\" data-id=\"86634\" target=\"_blank\" rel=\"noreferrer noopener\">SBP relaxes banks\u2019 CRR requirements for housing finance<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the SBP, private banks acquired the MTB due to higher profit rates and fewer risks associated with government bills. The government received offers totalling PKR 2,370 billion, indicating that banks were ready to park their liquidity in risk-free government papers. It was also said that due to the increased default risk associated with loans offered at a higher<a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/sbp-interest-rate-150-points.html\" data-type=\"post\" data-id=\"86123\" target=\"_blank\"> policy rate of 13.75%<\/a>, banks have opted for short-term and high-profit government treasury bills to reduce risk. The central bank auctioned MTB for three different tenures with different profit rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/banks-to-update-consumer-payment-apps-security.html\" data-type=\"post\" data-id=\"85664\" target=\"_blank\" rel=\"noreferrer noopener\">SBP asks banks to update consumer payment apps\u2019 security<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The MTB profit rate for three months was 15.23%, for six months it was 15%, and for a year it was 14.95%. It is worth noting that governments issue securities in the form of T-bills to raise funds for development and budgetary purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Wednesday (June 29) raised PKR 1.742 trillion by auctioning Market Treasury Bills (MTB) to commercial banks, news sources reported. The collected amount surpassed the targeted amount of PKR 800 billion. Read: SBP relaxes banks\u2019 CRR requirements for housing finance According to the SBP, private banks acquired the MTB due to higher profit rates and fewer risks associated with government bills. The government received offers totalling PKR 2,370 billion, indicating that banks were ready to park their liquidity in risk-free government papers. It was also said that due to the increased default risk associated with loans offered at a higher policy rate of 13.75%, banks have opted for short-term and high-profit government treasury bills to reduce risk. The central bank auctioned MTB for three different tenures with different profit rates. Read: SBP asks banks to update consumer payment apps\u2019 security The MTB profit rate for three months was 15.23%, for six months it was 15%, and for a year it was 14.95%. It is worth noting that governments issue securities in the form of T-bills to raise funds for development and budgetary purposes.<\/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":[15017],"tags":[52952,52953,52951,52954],"persona":[],"class_list":["post-87001","post","type-post","status-publish","format-standard","has-post-thumbnail","category-notices-announcements","tag-market-treasury-bills","tag-mtb-market-treasury-bills","tag-sbp-raises-pkr-1-7-tr-auctioning-market-treasury-bills","tag-treasury-bills","cat-15017-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP raises PKR 1.7 tr auctioning market treasury bills - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Wednesday (June 29) raised PKR 1.742 trillion by auctioning Market Treasury Bills (MTB) to commercial banks,\" \/>\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-pkr-1-7-tr-market-treasury-bills.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP raises PKR 1.7 tr auctioning market treasury bills - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Wednesday (June 29) raised PKR 1.742 trillion by auctioning Market Treasury Bills (MTB) to commercial banks,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-pkr-1-7-tr-market-treasury-bills.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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