Govt sells Trea­sury bills worth Rs267b

The Pak Banker - - FRONT PAGE -

The Fed­eral gov­ern­ment sold Rs267.371 bil­lion worth of mar­ket trea­sury bills last Thurs­day, ex­ceed­ing the auc­tion tar­get of Rs100 bil­lion. How­ever, the amount raised was lower than the bids re­ceived of a sum of Rs554.722 bil­lion. On May 26, the State Bank of Pak­istan in­jected Rs209.0 bil­lion into the bank­ing sys­tem, at a rate of re­turn of 5.79 pc. The amount of­fered was Rs231 bil­lion. The OMO was for eight-day tenor. Ac­cord­ing to the weekly state­ment of po­si­tion of all sched­uled banks for the week ended May 13, 2016, de­posits and other ac­counts of all sched­uled banks in­creased 0.25pc to Rs9,691.947 bil­lion, from Rs9,667.623 bil­lion a week ago. Com­pared with last year's cor­re­spond­ing fig­ure of Rs8781.146 bil­lion, it was higher by 10.37pc. De­posits and other ac­counts of all com­mer­cial banks inched up to Rs9,653.191b from Rs9,628.808 bil­lion the pre­ced­ing week.

To­tal as­sets of all sched­uled banks jumped 1.10pc to Rs13,579.689 bil­lion from Rs13,431.807b the pre­vi­ous week. It was higher by 14.12pc com­pared to last year's cor­re­spond­ing fig­ure of Rs11,899.844b.

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