PIB Auction Result: All Bids Rejected
MG News | March 21, 2018 at 07:44 PM GMT+05:00
The State Bank of Pakistan rejected all bids in today's PIB auction.
The Central Bank had received bids worth Rs.9.850 Billion, against its auction target of Rs.100 billion.
There have been no successful auctions since July 26, 2017.
Financial institutions are reluctant to invest in longer term securities as they expect interest rates to go up.
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