Govt. raises PKR 214 bn through T Bill Auction – Alfalah Securities Limited
Karachi, February 07, 2013 (PPI-OT): State Bank of Pakistan has accepted bids worth of PKR 214.5 bn as against the total bids received worth of PKR 223 bn where the highest bids were received in 6M tenor out of which SBP raised PKR 135.6 bn.
According to Alfalah Securities Limited, in the recent Treasury bill auction, the cut-off rates have remained unchanged. The cut-off yield on 3M, 6M and 12 papers remained at 9.0942%, 9.1645% and 9.2553 % respectively. State Bank of Pakistan (SBP) is due to announce the monetary policy statement in the beginning of February where Alfalah Securities Limited expects that the discount rate may be kept unchanged at the current levels of 9.5%.