The government has recently risen about Rs. 84.301 billion through Pakistan Investment Bonds- PIBs auction of a fixed rate with a yields increasing on a shorter as well as on the longer paper tenor.
The Central Bank result shows that the collected amount was lower from the target of pre-auction that was Rs.125 billion. However, the cut-off yield for the three-year paper highlights about 42 basis points (bps) as to 9.4100.
SBP- The State Bank of Pakistan has sold the paper worth of Rs.28.8 billion. SBP also kept 7 percent policy rate as steady in the month of January 2021.
The inflation based on Consumer Price Index- CPI has increased up to 8.7 percent in the month of February from the percentage of 5.7 percent of previous month.
Moreover, the fall of inflation is expected as announced previously to the range of 7-9 percent for the FY2021 and the trend toward this 5-7 percent is targeted range over the term as medium.
