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050603
STATE BANK OF PAKISTAN - EXCHANGE AND DEBT MANAGEMENT DEPARTMENT
EDMD Circular No. 7of 2005
June 03, 2005
PDs/All Banks
Dear Sirs,
Simultaneous Auction of 3,6 & 12 months Market Treasury Bills
Reference to instructions contained in SD Circular No. 05 dated 31st August,
1999; auction of Government of Pakistan Market Treasury Bills will continue to
be conducted on alternative Wednesdays. However, all tenors viz. 3, 6 and
12-Months MTBs will now be offered in each Auction. Earlier instructions issued
vide E&DMD Circular No. 17 dated 11th October 2002 to hold auctions of 3 & 12
months MTBs separate from 6 month MTBs stand withdrawn.
Other instructions on the subject will, however, remain unchanged.
sd/=
(Suleman Chhagla)
Head of Treasury
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