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Government raises ₨652 billion in PIB auction, exceeds target by 86%

The government raised ₨651.8 billion through the latest auction of Pakistan Investment Bonds (PIBs), surpassing its target of ₨350 billion, according to auction results released by the SBP. Total bids received during the auction amounted to around ₨1.01 trillion. The largest allocation was made in 15-year PIBs, where the government raised ₨521 billion. [...]