SBP conducted an auction on Wednesday in which it sold T-Bills worth Rs.11.56 billion for 3 months. No bids were received for 6 and 12 months.
Auction target was Rs.350 Billion against a maturing amount of Rs.52.587 Billion.
The SBP received bids worth Rs.3.648 billion, in the competitive auction, out of which the SBP accepted Rs.2.148 billion at 8.80 percent.
The non-competitive bids fetched an additional Rs.9.412 billion making the total size of the auction Rs.11.56 Billion.