Tag Archives: Govt raises Rs161bn through PIBs

KARACHI: The government raised Rs160.899 billion through auction of Pakistan Investment Bonds (PIBs) on Wednesday which was higher than the target of Rs125bn. The government raised higher amount but did not increase the return on the bonds. However, the bids were much higher than the amount raised reflecting the increased liquidity in the financial sector. Total bids received were Rs376.4bn. …

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