The State bank of Pakistan has invited tenders from primary dealers for sale of Treasury Bills of 3-month, 6-month and 12-month maturity. Tenders will be received up to April 11, 2007, and will be opened on April 11, 2007.
The pre-auction target is Rs 20 billion. Successful bidders would be required to deposit the amount of accepted bids on April 12, 2007. Bids can be rejected without assigning any reason, the SBP said.