Express ☺ your view, expression on this post, via Facebook comment in the below box… (do not forget to tick Also post on facebook option)

October 12, 2018

Govt borrows over Rs2.6trn to meet financial needs - Business RECORDER

Govt borrows over Rs2.6trn to meet financial needs - Business RECORDER 

KARACHI: The federal government raised some Rs 2.6 trillion through the auction for short-term government papers to fulfill its financial needs. 

Following the increase in the key policy rate, margins on Market Treasury Bills (MTBs) also rose to 1.05 percent in the auction held on Thursday. 

Banks and financial institutions were already expecting some increase in the key policy rate, of which thin participation was witnessed in the previous auction held on Sep 26, 2018, just three days before the monetary policy announcement. As against the target of Rs 350 billion, bids worth Rs 1.2 billion were received in the last auction and the federal government borrowed less than one billion (Rs 736 million). 

As the policy rate increased as per expectation, banks and financial institutions aggressively participated in the auction held on Thursday and submitted bids over Rs 2.7 trillion. 

The State Bank of Pakistan (SBP), on October 11, 2018, conducted the auction for the sale of 3-, 6- and 12-month MTBs and received bids amounting to Rs 2.79 trillion with a realized value of Rs 2.735 trillion. 

Some Rs 2.785 trillion worth bids were received for 3-month and Rs 6.1 billion for 6-month varieties. However, no bid was received for 12-month bills as banks are anticipating further increase in key policy rate in coming months and avoiding investing in one year bonds. 

The margin on all MTBs increased in the auction as the SBP, in the recent monetary policy, had increased interest rate by 100 bps for next two months. 

Out of the received bids, the federal government accepted bids amounting to Rs 2.659 trillion with a realized amount of Rs 2.606 billion against the tentative target of Rs 3 trillion for this auction. 

Some Rs 2.6 trillion bids were accepted for three months MTBs at a cut-off yield of 8.8 percent, up 105 bps. 

Similarly, the cut-off yield on 6-month bonds surged by 100 bps to 6.6492 percent with Rs 478 million accepted bids. 



Thanks for visiting our website. Like our FB pages and subscribe for daily updates; you can comment on the above post bellow ↓with your Google id or Facebook id – Thank you for your time..☺


Follow us on social media to get instent updates....

|Twitter| |Facebook| |Pinterst| ||

Send your news/prs to us at

Note: The views, comments and opinions expressed on this news story/article do not necessarily reflect the official policy or position of the management of the website. Companies, Political Parties, NGOs can send their PRs to us at

‎لطیفے اور شاعری‎
Facebook group · 8,142 members
Join Group
یہ گروپ آپ سب کے لئے ہے۔ پوسٹ کیجئے اور بحث کیجئے۔۔۔۔۔ اپنی آواز دوسروں تک پہنچائے۔۔۔اور ہاں گروپ کو بڑا کرنے کے لئے اپنے دوستوں کو بھی گروپ میں دعو...

All Categories

Aaj Kamran Khan ke Saath Aamir Liaquat Hussain Aapas ki Bat NajamSethi Abdul Qadir Hassan AchiBaatain Afghanistan Aga Khan University Hospital AirLineJobs Allama Iqbal America Amjad Islam Amjad Anjum Niaz Ansar Abbasi APP Aqwal Zareen Articles Ayat-e-Qurani Ayaz Amir Balochistan Balochistan Jobs Bank of Khyber Banking Best Quotes Biwi Jokes Blogger Tips Chaltay Chaltay by Shaheen Sehbai China Chitral Coca-Cola Coke Studio Columns CookingVideos Corporate News Corruption Crimes Dr Danish ARY Sawal Yeh Hai Dubai E-Books EBM Education Educational Jobs Emirates English #Quotes English Columns EnglishJokes Funny Photos Funny Talk Shows Funny Videos Gilgit-Baltistan Girls Videos Govt Jobs HabibJalibPoetry Hamid Mir Haroon Al-Rashid Hasb-e-Haal with Sohail Ahmed Hassan Nisar Hassan Nisar Meray Mutabaq Hazrat Ali AS Sayings HBL Health HikayatShaikhSaadi Hospital_Jobs Huawei Hum Sab Umeed Say Hain India Information Technology Insurance International News Islam Islamabad Islamic Videos JammuKashmir Javed Chaudhry Jazz Jirga with Salim Safi Jobs Jobs Available Jobs in Karachi Jobs in KPK Jobs in Pak Army Jobs_Sindh JobsInIslamabad Jokes Jubilee Insurance Kal Tak with Javed Chaudhry Karachi Kashmir KhabarNaak On Geo News Khanum Memorial Cancer Hospital Khara Sach With Mubashir Lucman Khyber Pakhtunkhwa Lahore Latest MobilePhones Lenovo LG Life Changing Stories LifeStyle Live With Dr. Shahid Masood Live with Talat Hussain Maulana Tariq Jameel MCB Bank Microsoft Mobilink Mujeed ur Rahman Shami Munir Ahmed Baloch Nasir Kazmi Nazir Naji News News Videos NGO Nokia North Korea Nusrat Javed Off The Record (Kashif Abbasi) Off The Record With Kashif Abbasi On The Front Kamran Shahid OPPO Orya Maqbool Jan Pakistan Pakistan Army Pakistan Super League Pashto Song Photos Poetry Political Videos Press Release Prime Time with Rana Mubashir PTCL Punjab Quetta Quotes Rauf Klasra Samsung Sar-e-Aam By Iqrar-ul-Hasan Sardar Jokes Saudi Arabia ShiroShairi Show Biz Sikander Hameed Lodhi Sindh Social Media Sohail Warriach Songs Sports News Stories Syria Takrar Express News Talat Hussain Talk Shows Technology Telecommunication Telenor To the point with Shahzeb Khanzada Tonight with Moeed Pirzada Turkey Tweets of the day Ufone University Jobs Urdu Ghazals Urdu News Urdu Poetry UrduLateefay Video Songs Videos ViVO Wardat SamaaTV WaridTel Wasi Shah Zong اردو خبریں
______________ ☺ _____________ _______________ ♥ ____________________