Treasury bills are zero coupon instruments issued by the Government of Pakistan and sold through the State Bank of Pakistan via fortnightly auctions-Bills are issued with maturities of 3-months, 6-months and 1 Year and are priced at a discount. T-Bills are risk free, SLR eligible securities, which are actively traded in the secondary market and are therefore highly liquid. They are issued with a minimum denomination of Rs.100, 000.
