The government mobilised Rs973.8 billion through an auction of Pakistan Investment Bonds (PIBs) on Wednesday. The strong result reflects significant investor interest in the country’s debt instruments.
The State Bank of Pakistan (SBP) received bids worth Rs1.44 trillion across various maturities. The government accepted a total of Rs 792.7 billion at face value.
Cut-off yields, the lowest accepted interest rates, increased slightly across most tenors. This indicates investor caution amid ongoing economic challenges.
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— IFC South Asia (@IFC_SouthAsia) October 29, 2025Key cut-off yields were:
- 2-year: 11.4792%
- 3-year: 11.4900%
- 5-year: 11.6390%
- 10-year: 12.0005%
- 15-year: 12.2500%
The highest demand was for the 15-year bond, which attracted bids worth Rs539.5 billion.
In a separate market development, domestic gold prices declined for the second consecutive day. This occurred even as international gold prices rose by over 1%.
According to the All-Pakistan Gems and Jewellers Sarafa Association:
- The price of gold (24-karat) fell by Rs1,000 per tola to Rs419,362.
- The rate for 10 grams decreased by Rs 857 to Rs 359,535.
Analysts noted that the international gold market is currently range-bound. Prices are oscillating between key support and resistance levels without a clear breakout.
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