KARACHI: Amid the high possibility of no further cuts in the interest rate, investors made a total of Rs2.207 trillion bids, mostly for the long-term tenors, with no change in the cut-off yields at the treasury bills (T-bills) and Pakistan Investment Bonds (PIBs) auctions on Wednesday.

Announcing the results of the auctions, the State Bank of Pakistan (SBP) reported that the government raised a total of Rs1.2tr, which reflected a change in investment patterns.

With the steep fall of the interest rate from 22 per cent to 12pc in the first seven months of FY25, the banks........

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