Tag Archives: Govt raises cut-off yields on PIBs by up to 42bps

KARACHI: The government on Wednesday increa­sed the returns on the long-term Pakistan Investment Bonds (PIBs) up to 42 basis points despite no change in the policy interest rate. It raised Rs84.3 billion through action of PIBs (fixed rate). Higher returns encourage the banks to increase their investment in the long-term government papers. The government raised Rs28.75bn for three-year tenure against …

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