ISLAMABAD ( Web News )
The government raised PKR 654 billion through the auction of Pakistan Investment Bonds (PIBs), according to the State Bank.
The target for the auction had been set at PKR 400 billion, but collections exceeded the goal. Of the total, PKR 639 billion was raised through competitive bids and PKR 15 billion through non-competitive bids.
The yield on two-year PIBs rose by 11 basis points, while yields on 10-year and 15-year bonds declined by 11 and 7 basis points, respectively.