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SBP raises Rs249.81bn in PFL Quarterly Auction

SBP raises Rs458.5bn through PIB-PFL auction
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December 29, 2022 (MLN): The State Bank of Pakistan (SBP) has raised Rs249.81 billion in quarterly Pakistan Investment Bonds Floating Rate (PFL) Quarterly Auction on Wednesday by selling fixed-rate PFL, the data revealed by SBP showed.

The cut-off margin for 2-year PFL is 98.98 and for 3-year margin is set at 97.78 respectively.

SBP received bids worth Rs136.25 billion for 2-years, and Rs148.95 billion for 3-years PFL’s.

The SBP accepted Rs110.25 billion for 2-year, and Rs136.70 billion for 3-year.

On the other hand, the government rejected all bids for PFL semiannual Auction which was held on December 28, 2022.

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Posted on: 2022-12-29T12:53:17+05:00