KARACHI: The government borrowed over Rs915 billion from banks on Wednesday, but the unscheduled treasury bill auction triggered speculation about the sudden need for this amount.

The State Bank reported that bids for the short-term T-bills for 22 days totalled Rs1,900 billion, while the government raised Rs915.6bn. This reflects both the government’s immediate needs and the surplus liquidity in banks.

However, the bankers had no clue why the government borrowed........

© Dawn Business