KARACHI: The State Bank of Pakistan (SBP) has raised Rs59.4 billion through the sale of Pakistan Investment Bonds (PIBs). SBP data showed that the cut-off yields for all tenors increased, reflecting the much higher expected inflation result for January. The same on 5-year bonds also increased to 11.4pc from 11.19pc previously, while the yields on 10-year bonds increased from 10.9pc to 11pc. Out of the Rs41.45 billion for 3-year PIB, SBP accepted Rs19.6 billion. For 5-year PIB, the central bank accepted Rs29.6 billion out of Rs49.2 billion, whereas it accepted Rs10.2 billion for 10-year PIB, out of Rs34.6 billion.

Source: Pakistan Today February 05, 2020 12:00 UTC