The government successfully collected 562 billion rupees through the Treasury bills in the market (T-BILS) on Wednesday, with revenues remaining significantly unchanged as investors are waiting for the interest rate decision in the central bank next week.
The amount that was raised decreased from a maturity of 698 billion rupees, but it exceeded the target before the auction of 400 billion rupees. A total of 1.505 trillion rupee for Bills T is shown at the auction.
The T-BILLs traveled yield for one month decreased by 17 basis points to 12,1492 %, while the T-BILLS returns remained fixed at 12,0098 %. Tiventh T-Bells revenues decreased for six months by a basis point to 11,998 %, while T-BILS revenues remained for 12 months flat by 12.01 %.
In addition, the government collected 321 billion rupees by selling investment bonds in Pakistan, which won 1.537 trillion rupees, exceeding 150 billion rupees.
Moreover, the RS105.23 billion was raised from the sale of ijarah sukuk on the Pakistani Stock Exchange (PSX).
Analysts expect the State Bank in Pakistan to reduce interest rates by 50-100 basis points during the next policy meeting on Monday.
According to Akd Securities, the expected reduction in prices is factors such as high interest rates, high running surplus, and approval of funds by the International Monetary Fund (IMF), despite slow economic activity.
It is expected that inflation will facilitate in April 0.6 % on an annual basis, which represents a six -decade decrease, a decrease from 0.7 % in the previous month, due significantly to low food, transportation and housing costs.
