*SBP raises Rs476bn through PIB auction* The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bonds (PIBs) worth Rs476.36 billion against the target of Rs350bn. Cut-off yields stood at 11.69% (-25bps) for 2-year, 11.89% (0bps) for 3-year, 12.39% (-1bps) for 5-year, and 12.79% (-1bps) for 10-year bond. Read the full story at https://mettisglobal.news/sbp-raises-rs476bn-through-pib-auction/