SBP raises Rs504bn through PIB auction

MG News | August 09, 2023 at 10:46 PM GMT+05:00

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August 09, 2023 (MLN): The State Bank of Pakistan (SBP) raised Rs503.745 billion through the sale of floating-rate Pakistan Investment Bonds (PIBs).

The central bank picked up Rs230.645bn for 5 years, Rs90.868bn for 2 years, and Rs182.231bn for 3 years.

Surprisingly, no bids were received for the 10-year PIB.

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