Govt raises Rs976bn via T-bills, bonds
The government raised Rs976 billion through auctions of Treasury bills (T-bills) and Pakistan Investment Bonds (PIBs) on Wednesday, though cut-off yields remained largely unchanged. In the T-bills auction, the government set a target of Rs750bn but accepted bids worth Rs641bn through competitive bidding. An additional Rs89bn was raised through non-competitive bids, bringing the total borrowing via T-bills to Rs730bn — still below the maturity amount of Rs846bn, reflecting efforts to reduce short-term debt reliance. Investor interest remained focused on shorter tenors. Bids for the one-month tenor were the highest at Rs793.2bn, out of which Rs310bn was accepted. For other maturities, the government raised Rs43.5bn for three months, Rs66.7bn for six months, and Rs220.8bn for 12 months.