The government obtained Rs584.5 billion through the auction of treasury bills (T-bills), Pakistan Investment Bonds (PIBs), and Government Islamic Sukuk (GIS). This included Rs434 billion from treasury bills, Rs11.9 billion from general treasury bonds, and Rs138 billion from GIS auction across all periods.
The GIS auction, conducted by the Pakistan Stock Exchange (PSX), attracted strong participation, with total bids reaching Rs536 billion – more than double the target of Rs250 billion, according to Arif Habib Limited (AHL).
The government collected 138 billion rupees, mostly from lease bonds with variable interest rates for a period of 10 years. Fixed Rate Lease Sukuk yields (FRR) decreased slightly by 1 to 6 basis points compared to the previous auction.
In the treasury bill auction, the State Bank of Pakistan raised Rs434 billion, exceeding its target of Rs250 billion.
Yields on 3-month, 6-month and 12-month Treasury bills fell to multi-year lows of 11.7848%, 11.7899% and 11.8004%, respectively, representing a decline of 22 to 50 basis points.
Total bidding for treasury bills reached Rs 1,552 billion, significantly exceeding the auction target.