In a significant financial development, the State Bank of Pakistan (SBP) successfully raised Rs. 784 billion in a Treasury Bill (T-Bill) auction, surpassing its target of Rs. 650 billion. According to ProPakistani, the cut-off yields on these T-Bills increased by up to 40 basis points (bps), with the 6-month T-Bill yield rising to 10.32% from 9.94% as observed on January 21. The auction saw the government raising Rs. 308 billion for the three-month paper and Rs. 122 billion and Rs. 247 billion for the 6-month and 12-month T-Bills, respectively. An additional Rs. 309 billion was raised through non-competitive bids, highlighting strong investor demand despite rising yields.