Rs2.bn raised from PIBs.

KARACHI -- The government on Wednesday raised Rs2. billion from the Pakistan Investment Bonds (PIBs) auction.

The government, despite increasing returns on the PIBs, raised funds below the target of Rs4bn set for the auction. The government raised Rs7.bn from three-year instruments at the rate of 7.97 per cent - an increase of 33 basis points. It raised Rs28.8bn from five-year...

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