AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, June 28, 2012 (PPI-OT): State Bank of Pakistan (SBP) has sold PkR 91.591 bn worth of T-Bills against the target of PkR 85 bn at an auction held on Wednesday i.e. June 27, 2012.
According to Alfalah Securities Limited, the cut-off yields of 3, 6 and 12 month remained unchanged at 11.9201%, 11.942% and 11.9522%. This shows that banks have continued to show strong interest in making investments in government paper and earning risk free returns thereupon.