The State Bank of Pakistan has invited tenders for the sale of treasury bills for 3-month, 6-month, and 12-month maturity, on August 31. Tenders will be opened at 1130 hours on Wednesday, August 31, 2005, and successful bidders would be required to deposit the amount of accepted bids on September 1, 2005. Bids may be rejected without assigning any reason.
The pre-auction target is Rs 96 billion.