PIBs bids rejected
By our correspondents
April 20, 2017
KARACHI: The State Bank of Pakistan (SBP) has rejected all the bids in an auction of Pakistan Investment Bonds (PIBs). The central bank conducted auction for three, five, 10, and 20 year papers. The SBP received bids worth Rs31.99 billion. The government had set a target of Rs50 billion to raise the funds through this auction.
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