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SBP raises Rs801.7 billion through PIB, T-bill auctions

The State Bank of Pakistan raised a total of Rs801.7 billion through auctions of Pakistan Investment Bonds (floating rate) and Market Treasury Bills on Wednesday, indicating continued reliance on domestic borrowing and ample liquidity in the banking system. In the Pakistan Investment Bonds (Floating Rate) auction, Rs48.44 billion was mobilised, including accrued interest, against competitive bids for the 10-year tenor.  [...]