The three-month tenor dominates debt capital allocation as total institutional bids surge past Rs2.52 trillion, locking cut-off yields between 11.50% and 12.50%.
Islamabad leverages a 22-year low fiscal deficit and consecutive primary surpluses to target a double-B credit rating through novel capital market instruments.
The IMF's latest World Economic Outlook dismisses Islamabad's optimism, projecting inflation nearly two percentage points above the government's target while GDP growth remains sluggish at 3.5%.
Central bank accepts Rs10.39 trillion through conventional reverse repo operations and Rs519.5 billion through Shariah-compliant injections, with 14-day rates standing at 11.51% and 11.54%, respectively.
From questionable rights-issue spending and a Rs44.7 billion accounting discrepancy to Rs12.45 billion in bank-deposit liens, controversial subsidiary transactions and years of regulatory litigation, the Unity Foods affair raises troubling questions about Pakistan's corporate…
The central bank accepted Rs336.17 billion in competitive bids against an Rs849.05 billion face value, with three-year instruments securing the largest market share at a 12.7460% cut-off yield.
