KARACHI: The government borrowed more than Rs1 trillion through auctions of treasury bonds and 10-year Pakistan Investment Bonds on Wednesday.

The State Bank of Pakistan rep­o­­rted that the government borrowed Rs979.3 billion through T-bills and Rs108bn through PIBs, raising a total of Rs1.087tr.

The cut-off yields on T-bills were slashed by up to 34 basis points. The market experts believe the State Bank may opt for another 50bps cut in its policy rate at the next monetary policy review, and the........

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