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SBP raises Rs320 billion through cheap ray ban sunglasses wholesale T

KARACHI: The state of hawaii Bank of Pakistan (SBP) who has sold Rs319.93 billion importance of treasury ray ban sale bills in a auction held on Wednesday from the target of Rs350 billion set for the auction.

The central bank received bids of about Rs569.6 billion on face worth of Rs591.21 billion. The SBP accepted bids of three , six  and One year maturities at the face worth of Rs329.95 billion. The cutoff yield from the latest auction increased in all of the three maturities. The cutoff yield for several month Market Treasury Bills (MTBs) increased to 6.2591 percent from 6.1697 percent; 6 month increased in order to six.2665 percent from 6.1812 percent as well as for 12 month the yield increased to six.2758 percent from 6.2306 percent.

The very best amount of Rs169.366 billion has become accepted up against the three month maturity at the face price of Rs171.8 billion. The SBP accepted bids in other two maturities included Rs56.73 billion for couple of months and Rs93.84 billion for 125 month T bills.

The oakley frogskins government borrows from commercial banks due to the budgetary needs. The borrowing pattern is now focused on commercial banks after restrictions on the government to gain access to from the central bank.

Within the latest auction calendar, the government has planned to loan through the sale of treasury papers in the next 3 months, of which 86 percent amount could be taken for retirement of matured amount and also the remaining for that budgetary and project financing.

The targeted amount of government papers, which would be sold through auction during February to April, 2016. The sum of the Rs1,775 to be raised through sale of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) and Government of Pakistan Ijara Sukuk, the central bank said. The maturing amount throughout the period is around Rs1534 billion. The extra requirement for project finance is targeted at Rs240 billion. The bulk amount of Rs1425 billion to get raised through auction of treasury bills. The whole amount is projected to be utilized for repayment of matured level of Rs1428 billion through the period.

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