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Reading: Govt raises Rs89.6bn from T-bills
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PhotoNews Pakistan > Business > Govt raises Rs89.6bn from T-bills
Business

Govt raises Rs89.6bn from T-bills

Web Desk
By Web Desk Published June 29, 2015 3 Min Read
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The government raised Rs89.569bn from the auction of Treasury bills of various tenors on June 24. A slight rise in the cut-off yields was witnessed.

Of the total, three month T-bills fetched Rs76.656bn at a cut-off yield of 6.9308pc, followed by six-month T-bills with Rs11.043bn at 6.9513pc and 12-month T-bills with Rs1.87bn at 6.971pc.

The central bank had received bids to the tune of Rs105.549bn. Of these, investors showed most interest in three-month T-bills, which received bids worth Rs89.35bn, followed by six-month T bills with Rs14.329bn and 12-month T-bills with Rs1.87bn.

Meanwhile, the central bank injected Rs660bn into the banking system through an open market operation on June 22. The injection was made in the four-day contract, for a rate of return of 6.5pc.


Three month Treasury bills fetched the highest amount of Rs76.656bn during the latest auction


According to the weekly statement of position of all scheduled banks for the week ending June 12, cash and balances with treasury banks of all scheduled banks increased by 12.15pc to Rs758.426bn, against the earlier week’s level of Rs676.275bn.

Cash and balances with treasury banks of all commercial banks stood at Rs756.082bn in the week, against the preceding week’s figure of Rs674.457bn, depicting a rise of 12.1pc. Cash and balances with treasury banks of all specialised banks stood at Rs2.344bn in the week, against the preceding week’s figure of Rs1.818bn.

Investments of all scheduled banks stood at Rs5633.793bn in the week under review, against the preceding week’s figure of Rs5580.587bn, up 0.95pc.

Investments of all commercial banks stood at Rs5608.97bn in the week, against the preceding week’s figure of Rs5555.801bn, an increase of 0.96pc. Investments of all specialised banks stood at Rs24.823bn in the week, against the preceding week’s figure of Rs24.786bn.

Gross advances by scheduled banks stood at Rs4539.497bn in the week ending June 12, down 0.45pc over the preceding week’s figure of Rs4560.192bn.

Advances by commercial banks decreased 0.48pc to Rs4388.061bn in the week, against the previous week’s figure of Rs4409.395bn. Advances by specialised banks stood at Rs151.436bn in the week, against the previous week’s figure of Rs150.797bn.

Deposits and other accounts of all scheduled banks rose 0.29pc to Rs8906.459bn in the week under review, against the preceding week’s figure of Rs8880.391bn.

Deposits and other accounts of all commercial banks increased 0.3pc to Rs8879.387bn in the week.

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