Pakistan targets 565 bln rupees in T-bill auctions: Reuters

KARACHI, Jan 2 (Reuters) - Pakistan's central bank said it would auction 565 billion rupees ($7.15 billion) worth of three-, six-, and 12-month Treasury bills up to the end of March.

The State Bank of Pakistan said there would be six auctions before the end of the first quarter of 2009, with the next one on Jan. 14, with a target of 70 billion rupees and with settlement due the following day.

Subsequent auctions will be on Jan. 28 and Feb. 11, with a target of 70 billion rupees and 130 billion rupees respectively, and both with settlement due the day after the auction, the bank said.

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