Rs391bn raised through T-bills.

KARACHI -- The government raised Rs391.3 billion through the auction of treasury bills on Wednesday, reported the latest State Bank of Pakistan data.

Short-term instruments continued to be the main attraction for investors while the only change in cut-off yields was seen for the 12-month papers.

Highest bids worth Rs148.5bn were accepted for the six-month bills at a cut-off yield of 7.99 per cent, staying unchanged.

The government also raised Rs136.7bn from three-month treasuries at cut-off yield of 8.38pc which showed only a change of single basis point.

The biggest change was noted in the yield of 12-month paper as it jumped by 28bps to 7.75pc with the amount raised clocking in at Rs106 billion.

Total bids for the auction...