The State Bank of Pakistan (SBP) has invited tenders for sale of 3-month, 6-month, and 12-month maturity Treasury Bills on Wednesday, October 26. The pre-auction target is Rs 50 billion. The bids will be received from October 25, 2005 to October 26, 2005 up to 1045 hours.

The tenders would be opened at 1100 hours on October 26, 2005 and result would be announced the same day (Wednesday), and successful bidders would be required to deposit the amount of the accepted bids on October 27, 2005.

Bids could be rejected without assigning any reason.

Copyright Business Recorder, 2005