SBP raises Rs584b via T-bills, Sukuk

The government has raised a total of Rs584.5 billion through the auction of Treasury Bills (T-Bills), Pakistan Investment Bonds (PIBs), and Government Islamic Sukuk (GIS) on Wednesday. Of the total amount, Rs434 billion was generated through T-Bills, Rs11.9 billion from PIBs, and Rs138 billion from the GIS auction (across all tenors). The Pakistan Stock Exchange (PSX) held a GIS auction on the day, which saw strong participation, with a total of Rs536 billion — more than double the target of Rs250 billion — according to AHL. The government successfully raised Rs138 billion across all tenors, with the majority of the funds coming from the 10-year Variable Rate Rental (VRR) Sukuk. Additionally, yields on Fixed Rate Rental (FRR) Sukuk witnessed a marginal decline of 1 to 6 basis points compared to the last auction.