KARACHI: The State Bank of Pakistan (SBP) has collected Rs156.505 billion through auction of Treasury bills of various tenors, however the cut-off yields on the bills declined from the previous auction.
According to the media reports, 12-month T-bills fetched the highest amount of Rs128.816 billion at a cut-off yield of 8.8619pc, followed by six-month T-bills with Rs39.166 billion at 8.9892pc and three-month T-bills with only Rs412.726 million at 8.9583pc.
The SBP had received total bids worth Rs506.410 billion for 12-month T-bills and attracted the highest amount of Rs390.859 billion, followed by six-month T-bills with Rs109.944 billion and three-month T-bills with Rs5.608 billion.
Meanwhile, the central bank injected Rs459.15bn into the banking system in an open market operation conducted on January 23, at a rate of return of 9.3pc. The SBP had received 30 bids for the seven-day contract, ranging between 9.46-8.95pc.
According to the weekly statement of position of all scheduled banks for the week ending January 9, investments of all scheduled banks rose 1.77pc to Rs5,219.84 billion, against the preceding week’s level of Rs5,129.012 billion.
Investments of all commercial banks stood at Rs5,185.928 billion in the week, against the preceding week’s figure of Rs5,094.279 billion, up 1.8pc. Investments of all specialised banks stood at Rs33.912 billion, against the preceding week’s Rs34.733 billion.
