Treasury Bills auction on March 17

The State Bank of Pakistan (SBP) is to sell Rs 45 billion worth of 3-month treasury bills on Wednesday.
Tender for sale of Government of Pakistan Market Treasury Bills 3-month (maturity on June 10, 2004) and 12 -month (maturity on March 17, 2005) have been invited by Exchange and Debt Management Department, State Bank of Pakistan, Karachi, through Primary Dealers from March 16 and 17, 2004, up to 11:15 hours.
Tenders will be opened at 11:30 hours on March 17, 2004, Wednesday, and the successful bidders would be required to deposit the amount of accepted bids on March 18, 2004. Bids can be rejected without assigning any reason. The pre-auction target is Rs 45,000.00 million.