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Business

April 20, 2017

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PIBs bids rejected

PIBs bids rejected

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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