Govt rejects high-yield bids, SBP raises Rs512 billion in separate PIB auction

Govt turns down Rs906 billion bids near 13% to avoid higher borrowing costs; SBP accepts Rs499 billion in PIBs for 5-year and Rs162 billion for 10-year tenor The post Govt rejects high-yield bids, SBP raises Rs512 billion in separate PIB auction appeared first on Profit by Pakistan Today.