PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
14-Dec-00 12.50% 13.00% 14.00%

3 -Year 12.50% 1,999.00 12.4507%

1 December 14, 2000 5-Year 13.00% 213.00 12.9490%
10-Year 14.00% 2,222.00 13.9667%
Total 4,434.00

3 -Year 12.50% 506.50 12.4823%

2 December 30, 2000 5-Year 13.00% 3,059.20 12.9997%
10-Year 14.00% 6,174.10 13.9783%
Total 9,739.80

3 -Year 12.50% 1,209 12.4270%

3 February 14, 2001 5-Year 13.00% 452 12.9457%
10-Year 14.00% 13,846 13.9551%
Total 15,505.60

3 -Year 12.50% 533.90 12.4719%

4 April 18, 2001 5-Year 13.00% 1,124.20 12.9913%
10-Year 14.00% 9,580.80 13.9960%
Total 11,238.90

3 -Year 12.50% 428.70 12.4859%

5 May 21, 2001
5-Year 13.00% 469.10 12.9934%
Total 897.80

6 June 16, 2001 10-Year 14.00% 4,306.80 14.0042%

Total 4,306.80

3 -Year 12.50% 2,385.40 12.4749%

7 July 21, 2001
5-Year 13.00% 576.30 12.9924%
Total 2,961.70

8 August 16, 2001 10-Year 14.00% Bid Rejected Bid Rejected

Total -

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
22-Aug-01 11.80% 12.20% 13.00%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
9 Coupon
August 22, 2001 Rate
10-Year 13.00% 6,746.10 13.0002%
Total 6,746.10

3 -Year 11.80% 3,439.00 11.7921%

10 September 22, 2001
5-Year 12.20% 2,344.30 12.2110%
Total 5,783.30

11 October 30, 2001 10-Year 13.00% 11,904.50 12.4534%

Total 11,904.50

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
22-Nov-01 10.50% 11.00% 12.00%

3 -Year 10.50% 2,213.90 10.4933%

12 November 22, 2001
5-Year 11.00% 2,801.00 10.9968%
Total 5,014.90

13 December 24, 2001 10-Year 12.00% 10,448.70 11.9206%

Total 10,448.70

3 -Year 10.50% 4,780.00 9.1594%

14 January 28, 2002
5-Year 11.00% 3,150.00 10.0976%
Total 7,930.00

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
28-Feb-02 9.00% 10.00% 11.00%

15 February 28, 2002 10-Year 11.00% 7,660.00 10.4631%

Total 7,660.00

3 -Year 9.00% 2,621.00 8.3560%

16 March 28, 2002
5-Year 10.00% 5,225.40 9.3916%
Total 7,846.40

17 April 25, 2002 10-Year 11.00% 3,007.40 10.5465%

Total 3,007.40

3 -Year 9.00% 1,317.10 8.8260%

18 May 24, 2002
5-Year 10.00% 1,684.50 9.8078%
3,001.60
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
19 June 17, 2002 10-Year 11.00% 4,886.50 10.8565%
4,886.50

3 -Year 9.00% 1,558.50 7.9516%

20 July 19, 2002
5-Year 10.00% 3,518.40 8.8870%
5,076.90

21 August 20, 2002 10-Year 11.00% 7,955.00 9.5874%

7,955.00

3 -Year 9.00% 2,906.80 7.4644%

22 September 24, 2002
5-Year 10.00% 3,885.00 8.2633%
6,791.80

23 October 24, 2002 10-Year 11.00% 12,233.20 9.2951%

12,233.20

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
31-Dec-02 7.00% 8.00% 9.00%

3 -Year 7.00% 2,010.30 4.5564%

24 December 31, 2002 5-Year 8.00% 1,977.00 4.8557%
10-Year 9.00% 968.50 5.5249%
4,955.80

3 -Year 7.00% 1,000.00 2.7920%

25 March 26, 2003 5-Year 8.00% 1,050.00 3.1162%
10-Year 9.00% 1,150.00 4.0138%
3,200.00

3 -Year 7.00% 2,000.00 3.0843%

26 June 30, 2003 5-Year 8.00% 3,057.80 4.1550%
10-Year 9.00% 25,562.20 5.6096%
30,620.00

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR
06-Oct-03 6.00% 7.00% 8.00% 9.00% 10.00%

3 -Year 6.00% 700.00 4.1063%

27 October 6, 2003
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
27 Coupon
October 6, 2003 Rate
5-Year 7.00% 1,586.50 5.0980%
10-Year 8.00% 6,424.00 6.2216%
8,710.50

3 -Year 6.00% 5,943.00 4.0358%

27 (1st Re-Opening) November 6, 2003 5-Year 7.00% 10,116.80 5.0538%
10-Year 8.00% 11,533.00 6.1678%
27,592.80

3 -Year 6.00% 2,794.00 3.9323%

nd
27 (2 Re-Opening) December 6, 2003 5-Year 7.00% 4,457.00 4.9787%
10-Year 8.00% 8,453.20 6.2152%
15,704.20

15-Year 9.00% 3,329.90 7.6830%

28 January 20, 2004
20-Year 10.00% 3,191.00 8.7058%
6,520.90

3 -Year 6.00% 3,227.00 3.7342%

29 April 29, 2004 5-Year 7.00% 8,471.10 4.8665%
10-Year 8.00% 15,135.70 6.4533%
26,833.80

3 -Year 6.00% 1,869.00 4.2354%

29 (1st Re-opening) May 29, 2004 5-Year 7.00% 3,134.00 5.2699%
10-Year 8.00% 10,060.80 7.1268%
15,063.80

15-Year 9.00% 3,665.900 8.9935%

30 June 10, 2004
20-Year 10.00% 3566.000 9.9927%
7,231.90

3 -Year 6.00%
31 August 18, 2004 5-Year 7.00% Bids Rejected
10-Year 8.00%

3 -Year 6.00%
32 November 12, 2004 5-Year 7.00% Bids Rejected
10-Year 8.00%

3 -Year 6.00%
33 March 28, 2005 5-Year 7.00% Bids Rejected
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%

33 March 28, 2005 Bids(Amount

Rejectedin millions)
Coupon Rate
10-Year 8.00%

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
19-May-06 9.10% 9.30% 9.60%

EFFECTIVE DATE 15-Year 20-Year

31-Oct-06 10.00% 10.50%

EFFECTIVE DATE 30-Year

22-Dec-06 11.00%

3 -Year 9.10% 3,205.20 9.3887%

34 May 19, 2006 5-Year 9.30% 4,608.14 9.6461%
10-Year 9.60% 3,424.05 9.8454%
11,237.39

3 -Year 9.10% 3,502.50 9.7776%

34 (1st Re-Opening) October 31, 2006 5-Year 9.30% 1,392.40 9.9298%
10-Year 9.60% 3,644.20 10.3945%
8,539.10

15 -Year 10.00% 3,000.00 10.8504%

35 October 31, 2006
20-Year 10.50% 4,000.00 11.1727%
7,000.00

3 -Year 9.10% 1,473.60 9.7165%

34 (2nd-Opening) December 22, 2006 5-Year 9.30% 694.20 10.0017%
10-Year 9.60% 2,735.10 10.5072%
4,902.90

15 -Year 10.00% 4,000.00 11.0578%

35 (1st Re-Opening) December 22, 2006
20-Year 10.50% 4,000.00 11.3924%
8,000.00

36 December 22, 2006 30 -Year 11.00% 8,000.00 11.6802%

8,000.00

3 -Year 9.10% 3,085.30 9.3529%

34 (3rd-Opening) March 6, 2007 5-Year 9.30% 4,095.50 9.7516%
10-Year 9.60% 9,650.80 10.1536%
16,831.60
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
15 -Year 10.00% 400.00 10.9538%
35 (2nd Re-Opening) March 6, 2007
20-Year 10.50% Bids Rejected
400.00

36 (1st Re-Opening) March 6, 2007 30 -Year 11.00% Bids Rejected

-

3 -Year 9.10% 1,752.00 9.3310%

34 (4th-Opening) April 23, 2007 5-Year 9.30% 1,479.50 9.6189%
10-Year 9.60% 7,181.00 10.1296%
10,412.50

15 -Year 10.00% 975.00 10.9707%

35 (3rd Re-Opening) April 23, 2007
20-Year 10.50% 1,525.00 11.1769%
2,500.00

36 (2nd Re-Opening) April 23, 2007 30 -Year 11.00% 4,500.00 11.5459%

4,500.00

3 -Year 9.10% 1,069.00 9.3113%

34 (5th-Opening) June 6, 2007 5-Year 9.30% 2,512.00 9.5282%
10-Year 9.60% 6,850.00 10.1059%
10,431.00

15 -Year 10.00% 875.00 10.9612%

35 (4th Re-Opening) June 6, 2007
20-Year 10.50% 1,725.00 11.1831%
2,600.00

36 (3rd Re-Opening) June 6, 2007 30 -Year 11.00% 3,600.00 11.5736%

3,600.00

3 -Year 9.10% 1,273.00 9.6725%

37th-Regular August 22, 2007 5-Year 9.30% 4,652.50 9.8571%
10-Year 9.60% 4,260.00 10.3371%
10,185.50

15 -Year 10.00% 536.00 11.1080%

35 (5th Re-Opening) August 22, 2007
20-Year 10.50% 1,800.00 11.3730%
2,336.00
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
36 (4th Re-Opening) August 22, 2007 30 -Year 11.00% 4,000.00 11.6146%
4,000.00

3 -Year 9.10% 1,291.50 9.6185%

37th-(1st Re-Opening) October 10, 2007 5-Year 9.30% 3,550.30 9.7958%
10-Year 9.60% 6,540.00 10.1791%
11,381.80

15 -Year 10.00% 2,024.00 11.1026%

35 (6th Re-Opening) October 10, 2007
20-Year 10.50% 2,000.00 11.3753%
4,024.00

36 (5th Re-Opening) October 10, 2007 30 -Year 11.00% 2,000.00 11.5880%

2,000.00

3 -Year 9.10% 1,887.00 9.6344%

37th-(2nd Re-Opening) October 31, 2007 5-Year 9.30% 1,650.00 9.8140%
10-Year 9.60% 7,465.00 10.1961%
11,002.00

15 -Year 10.00% 3,007.90 11.1428%

35 (7th Re-Opening) October 31, 2007
20-Year 10.50% 500.00 11.4057%
3,507.90

36 (6th Re-Opening) October 31, 2007 30 -Year 11.00% 1,000.00 11.6132%

1,000.00

3 -Year 9.10%
37th-(3rd Re-Opening) November 30, 2007 5-Year 9.30% Bids Rejected
10-Year 9.60%
-

15 -Year 10.00% Bids Rejected

35 (8th Re-Opening) November 30, 2007
20-Year 10.50% No Bid Received
-

36 (7th Re-Opening) November 30, 2007 30 -Year 11.00% 2,000.00 11.618%

2,000.00

3 -Year 9.10% 216.00 10.050%

37th-(4th Re-Opening) January 31, 2008
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
37th-(4th Re-Opening) Coupon
January 31, 2008 Rate
5-Year 9.30% 726.40 10.235%
10-Year 9.60% 4,162.50 10.776%
5,104.90

15 -Year 10.00% 1,762.00 11.612%

35 (9th Re-Opening) January 31, 2008
20-Year 10.50% 2,600.00 11.836%
4,362.00

36 (8th Re-Opening) January 31, 2008 30 -Year 11.00% 2,600.00 12.0500%

2,600.00

3 -Year 9.10% 285.00 10.604%

37th-(5th Re-Opening) March 31, 2008 5-Year 9.30% 197.70 10.800%
10-Year 9.60% 610.20 11.434%
1,092.90

15 -Year 10.00% 470.70 11.868%

35 (10th Re-Opening) March 31, 2008
20-Year 10.50% 950.00 11.998%
1,420.70

36 (9th Re-Opening) March 31, 2008 30 -Year 11.00% 2,800.00 12.239%

2,800.00

3 -Year 9.10% 216.50 12.296%

37th-(6th Re-Opening) June 30, 2008 5-Year 9.30% - Bids Rejected
10-Year 9.60% 837.70 13.411%
1,054.20

15 -Year 10.00% 812.50 13.441%

35 (11th Re-Opening) June 30, 2008
20-Year 10.50% 1,200.00 13.855%
2,012.50

36 (10th Re-Opening) June 30, 2008 30 -Year 11.00% 1,700.00 14.118%

1,700.00

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 7-YEAR 10-YEAR 15-Year
30-Aug-08 11.25% 11.50% 11.75% 12.00% 12.50%

EFFECTIVE DATE 20-Year 30-Year

22-Dec-06 13.00% 13.75%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 11.25% 187.50 13.6973%
5-Year 11.50% - Bids Rejected
7-Year 11.75% 200.00 14.3278%
38th-Regular August 30, 2008 10-Year 12.00% 688.30 14.4724%
15-Year 12.50% 56.00 14.7500%
20-Year 13.00% - No Bid Received
30-Year 13.75% 2,500.00 14.6078%
3,631.80

3 -Year 11.25% 3,977.50 13.8806%

5-Year 11.50% 3,023.20 14.3350%
7-Year 11.75% 2,735.00 14.7030%
38th-Regular
February 19, 2009 10-Year 12.00% 7,821.00 14.8642%
(1st Re-Opening)
15-Year 12.50% 1,180.00 15.3557%
20-Year 13.00% 1,500.00 15.7002%
30-Year 13.75% 2,000.00 16.2248%
22,236.70

3 -Year 11.25% 3,246.50 12.7670%

5-Year 11.50% 2,955.00 12.8620%
7-Year 11.75% 2,592.00 13.0505%
38th-Regular
April 16, 2009 10-Year 12.00% 14,156.00 13.0672%
(2nd Re-Opening)
15-Year 12.50% 63.40 13.8007%
20-Year 13.00% 200.00 14.2492%
30-Year 13.75% 100.00 14.4995%
23,312.90

3 -Year 11.25% 2,866.50 12.3066%

5-Year 11.50% 2,988.00 12.3721%
7-Year 11.75% 1,800.00 12.5159%
38th-Regular
May 28, 2009 10-Year 12.00% 12,365.50 12.5714%
(3rd Re-Opening)
15-Year 12.50% 103.00 13.3900%
20-Year 13.00% 200.00 13.8004%
30-Year 13.75% 2,000.00 14.2251%
22,323.00

3 -Year 11.25% 625.00 12.2688%

5-Year 11.50% 625.00 12.3374%
39th-Regular September 3, 2009
7-Year 11.75% 825.00 12.4159%
10-Year 12.00% 12,590.00 12.4300%
14,665.00
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
15-Year 12.50% 229.00 12.9223%
38th-Regular
September 3, 2009 20-Year 13.00% 500.00 13.2993%
(4th Re-Opening)
30-Year 13.75% 500.00 13.7493%
1,229.00

3 -Year 11.25% 2,654.00 12.2098%

th
39 -Regular 5-Year 11.50% 2,484.20 12.2950%
November 12, 2009
(1st Re-Opening) 7-Year 11.75% 650.00 12.4289%
10-Year 12.00% 9,455.30 12.4261%
15,243.50

15-Year 12.50% 735.00 12.8478%

38th-Regular
November 12, 2009 20-Year 13.00% 500.00 13.2106%
(5th Re-Opening)
30-Year 13.75% 750.00 13.7116%
1,985.00

3 -Year 11.25% 3,269.00 12.2679%

39th-Regular 5-Year 11.50% 1,405.60 12.3705%
February 4, 2010
(2nd Re-Opening) 7-Year 11.75% 250.00 12.4770%
10-Year 12.00% 4,335.00 12.4771%
9,259.60

15-Year 12.50% 71.00 12.8977%

38th-Regular
February 4, 2010 20-Year 13.00% 525.00 13.0993%
(6th Re-Opening)
30-Year 13.75% 525.00 13.5507%
1,121.00

3 -Year 11.25% 1,695.00 12.4748%

th
39 -Regular 5-Year 11.50% 1,227.50 12.5639%
March 18, 2010
(3rd Re-Opening) 7-Year 11.75% 250.00 12.6960%
10-Year 12.00% 6,357.50 12.7046%
9,530.00

15-Year 12.50% - No Bid Received

38th-Regular
March 18, 2010 20-Year 13.00% - Bids Rejected
(7th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% 3,452.30 12.4207%

th
39 -Regular 5-Year 11.50% 1,485.00 12.4993%
May 27, 2010
(4th Re-Opening) 7-Year 11.75% 300.00 12.5941%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
th Date Rate Accepted Average Yield%
39 -Regular
th
May 27, 2010
(4 Re-Opening) (Amount in millions)
Coupon Rate
10-Year 12.00% 6,661.30 12.6552%
11,898.60

15-Year 12.50% - Bids Rejected

38th-Regular
th
May 27, 2010 20-Year 13.00% - Bids Rejected
(8 Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% - Bids Rejected

5-Year 11.50% - Bids Rejected
40th-Regular July 22, 2010
7-Year 11.75% - Bids Rejected
10-Year 12.00% - Bids Rejected
-

15-Year 12.50% - Bids Rejected

38th-Regular
July 22, 2010 20-Year 13.00% - Bids Rejected
(9th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% - Bids Rejected

th
40 -Regular 5-Year 11.50% - Bids Rejected
August 19, 2010
(1st Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% - Bids Rejected
-

15-Year 12.50% - Bids Rejected

38th-Regular
August 19, 2010 20-Year 13.00% - Bids Rejected
(10th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% 1,097.70 13.8975%

40th-Regular 5-Year 11.50% 790.70 13.9991%
October 14, 2010
(2nd Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 5,531.50 14.0175%
7,419.90

15-Year 12.50% - Bids Rejected

38th-Regular
October 14, 2010 20-Year 13.00% 525.00 14.1993%
(11th Re-Opening)
30-Year 13.75% - Bids Rejected
525.00

3 -Year 11.25% 5,631.50 14.1684%

40th-Regular (3rd Re-Opening) December 23, 2010

 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
5-Year 11.50% 2,416.00 14.2613%
40th-Regular (3rd Re-Opening) December 23, 2010
7-Year 11.75% - Bids Rejected
10-Year 12.00% 14,348.30 14.2482%
22,395.80

15-Year 12.50% - Bids Rejected

38th-Regular
December 23, 2010 20-Year 13.00% - Bids Rejected
(12th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% 7,120.00 14.2004%

40th-Regular 5-Year 11.50% 1,766.00 14.2766%
February 17, 2011
(4th Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 18,962.80 14.2206%
27,848.80

15-Year 12.50% - Bids Rejected

38th-Regular
February 17, 2011 20-Year 13.00% - Bids Rejected
(13th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% 4,835.20 14.0479%

th
40 -Regular 5-Year 11.50% 1,701.00 14.1081%
March 17, 2011
(5th Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 18,694.60 14.0791%
25,230.80

15-Year 12.50% - Bids Rejected

38th-Regular
March 17, 2011 20-Year 13.00% - Bids Rejected
(14th Re-Opening)
30-Year 13.75% - Bids Rejected

3 -Year 11.25% 6,595.90 13.9929%

th
40 -Regular 5-Year 11.50% 4,032.00 14.0413%
April 28, 2011
(6th Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 15,567.00 14.0838%
26,194.90

15-Year 12.50% - Bids Rejected

38th-Regular
April 28, 2011 20-Year 13.00% - Bids Rejected
(15th Re-Opening)
30-Year 13.75% - Bids Rejected
-
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 11.25% 13,194.27 13.9692%
th
40 -Regular 5-Year 11.50% 3,027.00 14.0335%
May 26, 2011
(7th Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 13,317.10 14.0778%
29,538.37

15-Year 12.50% 235.00 14.1082%

38th-Regular
May 26, 2011 20-Year 13.00% 125.00 14.1425%
(16th Re-Opening)
30-Year 13.75% - Bids Rejected
360.00

3 -Year 11.25% 11,237.60 13.9845%

40th-Regular 5-Year 11.50% 3,010.50 14.0334%
June 23, 2011
(8th Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 14,934.30 14.0696%
29,182.40

15-Year 12.50% 225.00 14.0980%

38th-Regular
June 23, 2011 20-Year 13.00% 225.00 14.1377%
(17th Re-Opening)
30-Year 13.75% 225.00 14.1861%
675.00

3 -Year 11.25% 10,385.70 13.4310%

5-Year 11.50% 11,070.00 13.4737%
7-Year 11.75% - Bids Rejected
41st-Regular August 18, 2011 10-Year 12.00% 19,835.60 13.4993%
15-Year 12.50% 2,261.30 13.5011%
20-Year 13.00% - Bids Rejected
30-Year 13.75% - Bids Rejected
43,552.60

3 -Year 11.25% 7,038.50 13.1230%

5-Year 11.50% 6,919.50 13.1412%
7-Year 11.75% - Bids Rejected
41st-Regular
September 15, 2011 10-Year 12.00% 13,280.50 13.1926%
(1st Re-opening)
15-Year 12.50% - No Bid Received
20-Year 13.00% - No Bid Received
30-Year 13.75% - No Bid Received
27,238.50

3 -Year 11.25% 5,328.10 12.0797%

5-Year 11.50% 2,839.20 12.1077%

41st-Regular
October 13, 2011
(2nd Re-opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
7-Year 11.75% - Bids Rejected
41st-Regular
October 13, 2011 10-Year 12.00% 10,701.50 12.1557%
(2nd Re-opening)
15-Year 12.50% - No Bid Received
20-Year 13.00% - No Bid Received
30-Year 13.75% - No Bid Received
18,868.80

41st (Special - Circular Debt) November 4, 2011 5-Year 11.50% 195,349.33 12.625%
195,349.33

3 -Year 11.25% 5,446.00 12.1689%

5-Year 11.50% - Bids Rejected
7-Year 11.75% - Bids Rejected
41st-Regular
November 24, 2011 10-Year 12.00% 5,624.10 12.2544%
(3rd Re-opening)
15-Year 12.50% - No Bid Received
20-Year 13.00% - No Bid Received
30-Year 13.75% - No Bid Received
11,070.10

3 -Year 11.25% 4,345.20 12.4049%

5-Year 11.50% 1,576.20 12.6755%
7-Year 11.75% - Bids Rejected
41st-Regular
December 22, 2011 10-Year 12.00% 277.40 12.6993%
(4th Re-opening)
15-Year 12.50% - No Bid Received
20-Year 13.00% - No Bid Received
30-Year 13.75% - No Bid Received
6,198.80

3 -Year 11.25% 12,109.80 12.4203%

st
41 -Regular 5-Year 11.50% 6,520.00 12.7807%
February 16, 2012
(5th Re-opening) 10-Year 12.00% 6,728.10 12.8517%
20-Year 13.00% - No Bid Received
25,357.90

3 -Year 11.25% 5,953.70 12.5027%

st
41 -Regular 5-Year 11.50% 13,013.70 12.8857%
March 15, 2012
(6th Re-opening) 10-Year 12.00% 7,922.50 13.1053%
20-Year 13.00% - No Bid Received
26,889.90

3 -Year 11.25% 12,888.40 12.5855%

41st-Regular 5-Year 11.50% 4,936.50 13.0243%
May 10, 2012
(7th Re-opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%

41st-Regular (Amount in millions)

May 10, 2012
(7th Re-opening) Coupon Rate
10-Year 12.00% 9,751.80 13.2841%
20-Year 13.00% - Bids Rejected
27,576.70

3 -Year 11.25% 8,711.50 12.6892%

41st-Regular 5-Year 11.50% 9,021.50 13.0753%
June 7, 2012
(8th Re-opening) 10-Year 12.00% 17,927.20 13.3627%
20-Year 13.00% 3,680.00 13.3496%
39,340.20

3 -Year 11.25% 20,867.20 12.6392%

42nd-Regular July 19, 2012 5-Year 11.50% 19,526.50 13.0504%
10-Year 12.00% 11,590.00 13.3269%
51,983.70

41st-Regular
July 19, 2012 20-Year 13.00% 5,197.00 13.3503%
(9th Re-opening) 5,197.00

3 -Year 11.25% 13,075.00 11.2706%

42nd -Regular
August 16, 2012 5-Year 11.50% 13,734.10 11.5520%
(1st Re-opening)
10-Year 12.00% 5,343.30 12.0320%
32,152.40

41st-Regular
August 16, 2012 20-Year 13.00% - No Bid Received
(10th Re-opening) -

3 -Year 11.25% 14,884.80 10.5635%

42nd -Regular
September 27, 2012 5-Year 11.50% 16,260.00 11.1179%
(2nd Re-opening)
10-Year 12.00% 10,579.00 11.5776%
41,723.80

41st-Regular
September 27, 2012 20-Year 13.00% - No Bid Received
(11th Re-opening) -

3 -Year 11.25% 18,769.50 10.3818%

42nd -Regular
October 24, 2012 5-Year 11.50% 5,929.00 10.9399%
(3rd Re-opening)
10-Year 12.00% 6,343.50 11.4173%
31,042.00

41st-Regular
October 24, 2012 20-Year 13.00% - No Bid Received
(12th Re-opening) -
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 11.25% 9,115.00 10.2215%
42nd -Regular
November 22, 2012 5-Year 11.50% 8,271.90 10.8371%
(4th Re-opening)
10-Year 12.00% 2,889.50 11.3859%
20,276.40

41st-Regular
November 22, 2012 20-Year 13.00% - No Bid Received
(13th Re-opening) -

3 -Year 11.25% 5,512.50 10.3500%

42nd -Regular
December 7, 2012 5-Year 11.50% 640.90 10.9334%
(5th Re-opening)
10-Year 12.00% 2,494.00 11.4206%
8,647.40

41st-Regular
December 7, 2012 20-Year 13.00% - No Bid Received
(14th Re-opening) -

3 -Year 11.25% - Bids Rejected

42nd -Regular
January 17, 2013 5-Year 11.50% - Bids Rejected
(6th Re-opening)
10-Year 12.00% - Bids Rejected
-

41st-Regular
January 17, 2013 20-Year 13.00% - No Bid Received
(15th Re-opening) -

3 -Year 11.25% - Bids Rejected

42nd -Regular
February 14, 2013 5-Year 11.50% - Bids Rejected
(7th Re-opening)
10-Year 12.00% - Bids Rejected
-

41st-Regular
February 14, 2013 20-Year 13.00% - No Bid Received
(16th Re-opening) -

3 -Year 11.25% - Bids Rejected

42nd -Regular
March 14, 2013 5-Year 11.50% - Bids Rejected
(8th Re-opening)
10-Year 12.00% - Bids Rejected
-

41st-Regular
March 14, 2013 20-Year 13.00% - No Bid Received
(17th Re-opening) -

3 -Year 11.25% 16,355.30 10.6694%

42nd -Regular
April 25, 2013 5-Year 11.50% - Bids Rejected
(9th Re-opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
42nd -Regular
April 25, 2013 (Amount in millions)
(9th Re-opening)
Coupon Rate
10-Year 12.00% - Bids Rejected
16,355.30

41st -Regular
April 25, 2013 20-Year 13.00% - No Bid Received
(18th Re-opening) -

3 -Year 11.25% 16,677.00 10.0111%

42nd -Regular
May 23, 2013 5-Year 11.50% 11,280.00 10.3843%
(10th Re-opening)
10-Year 12.00% 9,984.40 11.0696%
37,941.40

41st-Regular
May 23, 2013 20-Year 13.00% - No Bid Received
(19th Re-opening) -

3 -Year 11.25% 24,043.50 9.6068%

42nd -Regular
June 20, 2013 5-Year 11.50% 4,850.00 10.0504%
(11th Re-opening)
10-Year 12.00% 4,144.50 10.9622%
33,038.00

41st-Regular
June 20, 2013 20-Year 13.00% - No Bid Received
(20th Re-opening) -

Special for Conversion of Power

June 28, 2013 5-Year 13.00% 115,894.70 10.0504%
Sector 42nd-Regular (12th Re-
115,894.70

3 -Year 11.25% 7,176.50 10.3261%

43rd -Regular July 18, 2013
5-Year 11.50% 5,881.40 10.7762%
13,057.90

42nd -Regular
July 18, 2013 10-Year 12.00% 4,534.40 11.5271%
(13th Re-opening)
4,534.40

41st-Regular
July 18, 2013 20-Year 13.00% - No Bid Received
(21st Re-opening) -

43rd -Regular 3 -Year 11.25% 11,730.80 11.0107%

August 29, 2013
(1st Re-opening) 5-Year 11.50% 13,610.60 11.4868%
25,341.40

42nd -Regular
August 29, 2013 10-Year 12.00% 4,633.00 11.9022%
(14th Re-opening)
4,633.00
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
41st-Regular Coupon Rate
August 29, 2013 20-Year 13.00% - No Bid Received
(22nd Re-opening) -

43rd -Regular 3 -Year 11.25% 5,851.90 11.6204%

September 26, 2013
(2nd Re-opening) 5-Year 11.50% 4,724.20 12.0913%
10,576.10

42nd -Regular
September 26, 2013 10-Year 12.00% 6,475.60 12.5105%
(15th Re-opening)
6,475.60

41st-Regular
September 26, 2013 20-Year 13.00% - No Bid Received
(23rd Re-opening)
-

43rd--Regular 3 -Year 11.25% - Bids Rejected

October 24, 2013
(3rd Re-opening) 5-Year 11.50% - Bids Rejected
-

42nd -Regular
October 24, 2013 10-Year 12.00% - Bids Rejected
(16th Re-opening)
-

41st -Regular
October 24, 2013 20-Year 13.00% - No Bid Received
(24th Re-opening) -

43rd -Regular 3 -Year 11.25% 20,111.90 11.9568%

November 21, 2013
(4th Re-opening) 5-Year 11.50% 9,897.50 12.4850%
30,009.40

42nd -Regular
November 21, 2013 10-Year 12.00% 15,138.60 12.9081%
(17th Re-opening)
15,138.60

41st-Regular
November 21, 2013 20-Year 13.00% - No Bid Received
(25th Re-opening) -

43rd--Regular 3 -Year 11.25% 10,040.10 12.0862%

December 19, 2013
(5th Re-opening) 5-Year 11.50% 3,503.00 12.5587%
13,543.10

42nd - Regular
December 19, 2013 10-Year 12.00% 45,354.00 12.8685%
(18th Re-opening)
45,354.00

41st-Regular (26th Re-opening) December 19, 2013 20-Year 13.00% 525.00 13.2894%
525.00
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 11.25% 82,569.50 11.7610%
43rd--Regular (6th Re-opening) January 30, 2014
5-Year 11.50% 44,925.40 12.2039%
127,494.90

42nd--Regular (19th Re-opening) January 30, 2014 10-Year 12.00% 62,300.90 12.6075%
62,300.90

41st-Regular (27th Re-opening) January 30, 2014 20-Year 13.00% 11,797.70 12.9000%
11,797.70

3 -Year 11.25% 135,023.10 12.0362%

43rd--Regular (7th Re-opening) February 27, 2014
5-Year 11.50% 72,261.40 12.4912%
207,284.50

42nd--Regular (20th Re-opening) February 27, 2014 10-Year 12.00% 41,026.30 12.8678%
41,026.30

41st-Regular (28th Re-opening) February 27, 2014 20-Year 13.00% - 0.0000%

-

3 -Year 11.25% 288,403.90 11.9928%

43rd--Regular (8th Re-opening) March 27, 2014
5-Year 11.50% 130,216.00 12.4531%
418,619.90

42nd--Regular (21st Re-opening) March 27, 2014 10-Year 12.00% 116,548.90 12.8271%
116,548.90

41st-Regular (29th Re-opening) March 27, 2014 20-Year 13.00% - 0.0000%

-

3 -Year 11.25% 244,290.20 12.0699%

43rd--Regular (9th Re-opening) April 24, 2014
5-Year 11.50% 81,852.30 12.5336%
326,142.50

42nd--Regular (22nd Re-opening) April 24, 2014 10-Year 12.00% 101,272.70 12.8773%
101,272.70

41st-Regular (30th Re-opening) April 24, 2014 20-Year 13.00% - 0.0000%

-

3 -Year 11.25% 183,428.90 12.0784%

43rd--Regular (10th Re-opening) May 22, 2014
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
43rd--Regular (10th Re-opening) May 22, 2014
Coupon Rate
5-Year 11.50% 43,096.40 12.5359%
226,525.30

42nd--Regular (23rd Re-opening) May 22, 2014 10-Year 12.00% 17,357.20 12.8764%
17,357.20

41st-Regular (31st Re-opening) May 22, 2014 20-Year 13.00% - 0.0000%

-

43rd--Regular 3 -Year 11.25% 182,179.20 12.0797%

June 19, 2014
(11th Re-opening) 5-Year 11.50% 16,142.70 12.5492%
198,321.90

42nd--Regular
June 19, 2014 10-Year 12.00% 6,113.20 12.9209%
(24th Re-opening)
6,113.20

41st-Regular
June 19, 2014 20-Year 13.00% 8,000.00 13.0007%
(32nd Re-opening) 8,000.00

3 -Year 11.25% 36,534.90 12.3466%

th
44 -Regular (Fresh) July 17, 2014 5-Year 11.50% 10,952.80 12.7421%
10-Year 12.00% 13,842.20 13.1571%
61,329.90

41st-Regular
July 17, 2014 20-Year 13.00% 2,000.00 13.1125%
(33rd Re-opening) 2,000.00

3 -Year 11.25% 42,620.00 12.4258%

44th -Regular
August 13, 2014 5-Year 11.50% 22,805.00 12.8152%
(1st Re-opening)
10-Year 12.00% 24,393.50 13.2415%
89,818.50

41st-Regular
August 13, 2014 20-Year 13.00% - 0.0000%
(34th Re-opening) -

3 -Year 11.25% 91,299.10 12.5393%

44th -Regular
September 11, 2014 5-Year 11.50% 25,400.30 12.9476%
(2nd Re-opening)
10-Year 12.00% 38,233.20 13.4128%
154,932.60

41st-Regular
September 11, 2014 20-Year 13.00% 5,500.00 13.5905%
(35th Re-opening) 5,500.00
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 11.25% 22,118.20 12.3747%
44th -Regular
October 23, 2014 5-Year 11.50% 23,031.90 12.9646%
(3rd Re-opening)
10-Year 12.00% 12,117.80 13.4392%
57,267.90

41st-Regular
October 23, 2014 20-Year 13.00% - No Bid Received
(36th Re-opening) -

3 -Year 11.25% 70,025.40 10.3944%

44th -Regular
November 20, 2014 5-Year 11.50% 26,502.00 10.6878%
(4th Re-opening)
10-Year 12.00% 48,191.30 11.6592%
144,718.70

41st-Regular
November 20, 2014 20-Year 13.00% - Bids Rejected
(37th Re-opening) -

3 -Year 11.25% 91,151.00 10.4001%

44th -Regular
December 18, 2014 5-Year 11.50% 25,193.90 10.7461%
(5th Re-opening)
10-Year 12.00% 35,925.00 11.6081%
152,269.90

41st-Regular
December 18, 2014 20-Year 13.00% - Bids Rejected
(38th Re-opening) -

3 -Year 11.25% 7,015.10 8.8766%

44th -Regular
January 29, 2015 5-Year 11.50% 65,702.80 9.4031%
(6th Re-opening)
10-Year 12.00% 3,800.10 10.0074%
76,518.00

41st-Regular
January 29, 2015 20-Year 13.00% 500.00 10.9995%
(39th Re-opening) 500.00

3 -Year 11.25% 15,573.70 8.4973%

44th -Regular
February 26, 2015 5-Year 11.50% 36,898.70 9.0713%
(7th Re-opening)
10-Year 12.00% 13,939.00 9.7596%
66,411.40

41st-Regular
February 26, 2015 20-Year 13.00% - No Bid Received
(40th Re-opening) -

Coupon Rate
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
EFFECTIVE DATE 3-YEAR Coupon
5-Rate
YEAR 10-YEAR 20-YEAR
26-Mar-15 8.75% 9.25% 9.75% 10.75%

3 -Year 8.75% 20,471.90 8.187%

5-Year 9.25% 16,273.00 8.660%
45th--Regular (Fresh) March 26, 2015
10-Year 9.75% 12,129.60 9.422%
20-Year 10.75% - No Bid Received
48,874.50

3 -Year 8.75% 31,108.80 7.760%

45th - Regular 5-Year 9.25% 6,871.50 8.370%
April 23, 2015
(1st Re-opening) 10-Year 9.75% 4,856.50 9.309%
20-Year 10.75% - No Bid Received
42,836.80

3 -Year 8.75% 26,080.00 7.365%

45th - Regular 5-Year 9.25% 18,664.00 8.011%
May 21, 2015
(2nd Re-opening) 10-Year 9.75% 16,028.50 9.137%
20-Year 10.75% - No Bid Received
60,772.50

3 -Year 8.75% 41,487.50 7.889%

45th - Regular 5-Year 9.25% 9,198.50 8.878%
June 18, 2015
(3rd Re-opening) 10-Year 9.75% - Bids Rejected
20-Year 10.75% - No Bid Received
50,686.00

3 -Year 8.75% 40,720.40 8.0647%

45th - Regular 5-Year 9.25% 14,885.00 8.9652%
July 16, 2015
(4th Re-opening) 10-Year 9.75% - Bids Rejected
20-Year 10.75% - No Bid Received
55,605.40

3 -Year 8.75% 50,233.50 7.5398%

45th - Regular 5-Year 9.25% 16,059.50 8.5085%
August 13, 2015
(5th Re-opening) 10-Year 9.75% 3,067.30 9.4007%
20-Year 10.75% - No Bid Received
69,360.30

3 -Year 8.75% 43,661.30 7.3114%

45th - Regular 5-Year 9.25% 46,084.00 8.2431%
September 10, 2015
(6th Re-opening) 10-Year 9.75% 3,572.50 9.3287%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
45th - Regular
September 10, 2015
(6th Re-opening) (Amount in millions)
Coupon Rate
20-Year 10.75% - No Bid Received
93,317.80

3 -Year 8.75% 40,784.00 7.1552%

45th - Regular 5-Year 9.25% 54,535.50 8.1560%
October 8, 2015
(7th Re-opening) 10-Year 9.75% 1,012.00 9.2299%
20-Year 10.75% - No Bid Received
96,331.50

3 -Year 8.75% 38,484.30 6.9842%

45th - Regular 5-Year 9.25% 10,067.60 7.9328%
November 19, 2015
(8th Re-opening) 10-Year 9.75% 1,740.00 9.1507%
20-Year 10.75% - No Bid Received
50,291.90

3 -Year 8.75% 32,297.00 6.9987%

45th - Regular 5-Year 9.25% 3,167.50 7.9873%
December 17, 2015
(9th Re-opening) 10-Year 9.75% 762.50 9.0995%
20-Year 10.75% - No Bid Received
36,227.00

3 -Year 8.75% 67,446.20 6.4744%

45th - Regular 5-Year 9.25% 56,878.90 7.4639%
January 28, 2016
(10th Re-opening) 10-Year 9.75% 1,059.70 8.8509%
20-Year 10.75% - No Bid Received
125,384.80

3 -Year 8.75% 58,969.30 6.2948%

45th - Regular 5-Year 9.25% 73,070.20 6.9679%
February 25, 2016
(11th Re-opening) 10-Year 9.75% 9,228.20 8.2495%
20-Year 10.75% - No Bid Received
141,267.70

3 -Year 8.75% 35,018.50 6.3124%

45th - Regular 5-Year 9.25% 63,272.60 6.9783%
March 22, 2016
(12th Re-opening) 10-Year 9.75% 16,886.00 8.2209%
20-Year 10.75% - No Bid Received
115,177.10

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 20-YEAR
21-Apr-16 7.00% 7.75% 0.00% 8.75% 10.75%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 7.00% 46,150.50 6.4605%
46th - Regular (Fresh) April 21, 2016 5-Year 7.75% 59,765.10 6.9029%
10-Year 8.75% 28,522.70 8.1002%
134,438.30

45th - Regular
April 21, 2016 20-Year 10.75% - No Bid Received
(13th Re-opening) -

3 -Year 7.00% - Bids Rejected

46th - Regular
May 19, 2016 5-Year 7.75% - Bids Rejected
(1st Re-Opening)
10-Year 8.75% - Bids Rejected
-

45th - Regular
May 19, 2016 20-Year 10.75% - No Bid Received
(14th Re-opening) -

3 -Year 7.00% 31,046.50 6.3848%

46th - Regular
June 16, 2016 5-Year 7.75% 9,775.50 6.8824%
(2nd Re-Opening)
10-Year 8.75% 5,376.50 7.9981%
46,198.50

45th - Regular
June 16, 2016 20-Year 10.75% - No Bid Received
(15th Re-opening) -

3 -Year 7.00% 88,822.10 6.1444%

46th - Regular
July 14, 2016 5-Year 7.75% 74,986.00 6.6364%
(3rd Re-Opening)
10-Year 8.75% 62,565.40 7.7222%
226,373.50

45th - Regular
July 14, 2016 20-Year 10.75% - Bids Rejected
(16th Re-opening) -

3 -Year 7.00% 98,601.30 6.1839%

46th - Regular
August 25, 2016 5-Year 7.75% 62,845.10 6.6873%
(4th Re-Opening)
10-Year 8.75% 48,191.80 7.7592%
209,638.20

45th - Regular
August 25, 2016 20-Year 10.75% - No Bid Received
(17th Re-opening) -

3 -Year 7.00% 117,828.50 6.1859%

46th - Regular
September 22, 2016
(5th Re-Opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
46th - Regular
Coupon
September 22, 2016 Rate
5-Year 7.75% 79,275.50 6.6926%
(5th Re-Opening)
10-Year 8.75% 13,207.10 7.7956%
210,311.10

45th - Regular
September 22, 2016 20-Year 10.75% - No Bid Received
(18th Re-opening) -

3 -Year 7.00%
46th - Regular
October 21, 2016 5-Year 7.75% Bids Rejected
(6th Re-Opening)
10-Year 8.75%
-

45th-Regular
October 21, 2016 20-Year 10.75% - No Bid Received
(19th Re-opening)
-

3 -Year 7.00%
46th--Regular
November 17, 2016 5-Year 7.75% Bids Rejected
(7th Re-Opening)
10-Year 8.75%
-

45th-Regular
November 17, 2016 20-Year 10.75% - No Bid Received
(20th Re-opening) -
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 20-YEAR
29-Dec-16 7.00% 7.75% 0.00% 8.75% 10.75%
3 -Year 7.00%
5-Year 7.75%
47th - Regular (Fresh) December 29, 2016 Bids Rejected
10-Year 8.75%
20-Year 10.75%
-

3 -Year 7.00% 29,875.00 6.3304%

47th - Regular 5-Year 7.75% 11,793.00 6.8998%
January 26, 2017
(1st Re-Opening) 10-Year 8.75% 2,377.50 7.9414%
20-Year 10.75% - No Bid Received
44,045.50

3 -Year 7.00% 58,640.00 6.3789%

47th - Regular 5-Year 7.75% 296.00 6.8994%
February 23, 2017
(2nd Re-Opening) 10-Year 8.75% 237.50 7.9406%
20-Year 10.75% - Bids Rejected
59,173.50
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 7.00% 26,802.00 6.4029%
47th - Regular 5-Year 7.75% 1,179.50 6.8895%
March 24, 2017
(3rd Re-Opening) 10-Year 8.75% 1,244.00 7.9402%
20-Year 10.75% - Bids Rejected
29,225.50

3 -Year 7.00% - Bids Rejected

47th - Regular 5-Year 7.75% - Bids Rejected
April 20, 2017
(4th Re-Opening) 10-Year 8.75% - Bids Rejected
20-Year 10.75% - No Bid Received
-

3 -Year 7.00% 33,864.00 6.3992%

47th - Regular 5-Year 7.75% 5,238.50 6.8902%
May 18, 2017
(5th Re-Opening) 10-Year 8.75% 1,114.00 7.9358%
20-Year 10.75% - No Bid Received
40,216.50

3 -Year 7.00% 68,322.90 6.4043%

47th - Regular 5-Year 7.75% 3,500.00 6.8952%
June 15, 2017
(6th Re-Opening) 10-Year 8.75% 3,210.00 7.9356%
20-Year 10.75% - No Bid Received
75,032.90

3 -Year 7.00% 23,376.00 6.4029%

47th - Regular 5-Year 7.75% 10,150.00 6.8960%
July 27, 2017
(7th Re-Opening) 10-Year 8.75% 22,095.00 7.9359%
20-Year 10.75% - No Bid Received
55,621.00

3 -Year 7.00% - Bids Rejected

47th - Regular 5-Year 7.75% - Bids Rejected
August 24, 2017
(8th Re-Opening) 10-Year 8.75% - Bids Rejected
20-Year 10.75% - No Bid Received
-

3 -Year 7.00% - Bids Rejected

47th - Regular 5-Year 7.75% - Bids Rejected
September 21, 2017
(9th Re-Opening) 10-Year 8.75% - Bids Rejected
20-Year 10.75% - No Bid Received
-
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 7.00% - Bids Rejected
47th - Regular 5-Year 7.75% - Bids Rejected
October 19, 2017
(10th Re-Opening) 10-Year 8.75% - Bids Rejected
20-Year 10.75% - No Bid Received
-

3 -Year 7.00% - Bids Rejected

47th - Regular 5-Year 7.75% - Bids Rejected
November 16, 2017
(11th Re-Opening) 10-Year 8.75% - Bids Rejected
20-Year 10.75% - No Bid Received
-

3 - Year 7.00% - Bids Rejected

47th - Regular 5 - Year 7.75% - Bids Rejected
December 14, 2017
(12th Re-Opening) 10 - Year 8.75% - Bids Rejected
20 - Year 10.75% - No Bid Received
-
3 - Year 7.00% - Bids Rejected
47th - Regular 5 - Year 7.75% - Bids Rejected
January 25, 2018
(13th Re-Opening) 10 - Year 8.75% - Bids Rejected
20 - Year 10.75% - No Bid Received
-
3 - Year 7.00% - Bids Rejected
47th - Regular 5 - Year 7.75% - Bids Rejected
February 22, 2018
(14th Re-Opening) 10 - Year 8.75% - Bids Rejected
20 - Year 10.75% - No Bid Received
-

3 - Year 7.00% - Bids Rejected

47th - Regular 5 - Year 7.75% - Bids Rejected
March 22, 2018
(15th Re-Opening) 10 - Year 8.75% - Bids Rejected
20 - Year 10.75% - No Bid Received
-
3 - Year 7.00% 7,616.30 7.1621%
47th - Regular 5 - Year 7.75% 2,358.00 8.0305%
April 19, 2018
(16th Re-Opening) 10 - Year 8.75% 25,460.00 8.5000%
20 - Year 10.75% - No Bid Received
35,434.30

3 - Year 7.00% 4,248.00 7.2003%

47th - Regular 5 - Year 7.75% 1,884.00 8.0308%
May 18, 2018
(17th Re-Opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%

47th - Regular (Amount in millions)

May 18, 2018
(17th Re-Opening) Coupon
10 - Rate
Year 8.75% 733.00 8.4738%
20 - Year 10.75% - No Bid Received
6,865.00

3 - Year 7.00% 2,674.90 7.4677%

47th - Regular 5 - Year 7.75% 540.40 8.4795%
June 13, 2018
(18th Re-Opening) 10 - Year 8.75% 596.80 8.6999%
20 - Year 10.75% - No Bid Received
3,812.10

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 20-YEAR
12-Jul-18 7.25% 8.00% 8.75% 10.75%
3 - Year 7.25% Bids Rejected
5 - Year 8.00% Bids Rejected
48th - Regular (Fresh) July 12, 2018
10 - Year 8.75%
No Bid Received
20 - Year 10.75%
-

3 - Year 7.25% Bids Rejected

48th - Regular 5 - Year 8.00% 15,918.00 9.2500%
August 9, 2018
(1st Re-Opening) 10 - Year 8.75% Bids Rejected
20 - Year 10.75% No Bid Received
15,918.00

3 - Year 7.25% Bids Rejected

48th - Regular 5 - Year 8.00% 4,668.00 9.2500%
September 6, 2018
(2nd Re-Opening) 10 - Year 8.75% Bids Rejected
20 - Year 10.75% No Bid Received
4,668.00

3 - Year 7.25% Bids Rejected

48th - Regular 5 - Year 8.00% Bids Rejected
October 18, 2018
(3rd Re-Opening) 10 - Year 8.75% Bids Rejected
20 - Year 10.75% No Bid Received
-

3 - Year 7.25% Bids Rejected

48th - Regular 5 - Year 8.00% Bids Rejected
November 29, 2018
(4th Re-Opening) 10 - Year 8.75% No Bid Received
20 - Year 10.75% No Bid Received
-
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 - Year 7.25% 8,665.00 12.1915%
48th - Regular 5 - Year 8.00% 2,350.10 12.6997%
December 27, 2018
(5th Re-Opening) 10 - Year 8.75% 11,483.60 13.1245%
20 - Year 10.75% No Bid Received
22,498.70

3 - Year 7.25% 34,081.90 12.2209%

48th - Regular 5 - Year 8.00% 26,712.50 12.6978%
January 24, 2019
(6th Re-Opening) 10 - Year 8.75% Bids Rejected
20 - Year 10.75% Bids Rejected
60,794.40

3 - Year 7.25% 115,155.60 12.0002%

48th - Regular 5 - Year 8.00% 54,193.70 12.4461%
February 21, 2019
(7th Re-Opening) 10 - Year 8.75% 63,229.80 12.8267%
20 - Year 10.75% No Bid Received
232,579.10
3 - Year 7.25% 22,419.00 12.1981%
48th - Regular 5 - Year 8.00% 24,608.40 12.5392%
March 21, 2019
(8th Re-Opening) 10 - Year 8.75% 57,523.50 12.9681%
20 - Year 10.75% No Bid Received
104,550.90
3 - Year 7.25% 162,664.10 12.1419%
48th - Regular 5 - Year 8.00% -
April 18, 2019
(9th Re-Opening) 10 - Year 8.75% -
20 - Year 10.75% No Bid Received
162,664.10
3 - Year 7.25% 67,214.80 13.6117%
48th - Regular 5 - Year 8.00% 36,183.10 13.7145%
May 30, 2019
(10th Re-Opening) 10 - Year 8.75% 29,753.80 13.6000%
20 - Year 10.75% No Bid Received
133,151.70
3 - Year 7.25% 8,658.10 13.6770%
48th - Regular 5 - Year 8.00% 35,046.30 13.7687%
June 27, 2019
(11th Re-Opening) 10 - Year 8.75% 91,204.20 13.6820%
20 - Year 10.75% No Bid Received
134,908.60
3 - Year 7.25% 124,364.90 14.0206%
48th - Regular 5 - Year 8.00% 72,091.80 13.7740%
July 25, 2019
(12th Re-Opening) 10 - Year 8.75% 28,808.20 13.4548%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
48th - Regular
July 25, 2019
(12th Re-Opening) (Amount in millions)
Coupon
20 - Rate
Year 10.75% No Bid Received
225,264.90

3 - Year 7.25% 417,927.60 14.1519%

48th - Regular 5 - Year 8.00% 65,221.40 13.4860%
August 22, 2019
(13th Re-Opening) 10 - Year 8.75% 30,543.90 13.1017%
20 - Year 10.75% Bids Rejected
513,692.90
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR
19-Sep-19 9.00% 9.50% 10.00% 10.50% 11.00%
3 - Year 9.00% 89,648.80 12.8683%
49th - Regular 5 - Year 9.50% 84,437.70 12.3760%
September 19, 2019
(Fresh Issuance) 10 - Year 10.00% 50,416.30 12.1482%
20 - Year 11.00% Bids Rejected

3 - Year 9.00% 52,513.10 11.7130%

49th - Regular 5 - Year 9.50% 37,705.00 11.5151%
October 31, 2019
(1st Re-Opening) 10 - Year 10.00% 35,802.20 11.2636%
20 - Year 11.00% Bids Rejected

3 - Year 9.00% 59,166.90 11.7640%

49th - Regular 5 - Year 9.50% 52,215.00 11.3903%
November 14, 2019
(2nd Re-Opening) 10 - Year 10.00% 22,554.50 11.2800%
20 - Year 11.00% Bid Rejected

3 - Year 9.00% 58,637.20 11.6954%

49th - Regular 5 - Year 9.50% 56,046.00 11.1511%
December 12, 2019
(3rd Re-Opening) 10 - Year 10.00% 36,760.00 10.9453%
20 - Year 11.00% Bid Rejected

3 - Year 9.00% 28,061.60 11.7226%

49th - Regular 5 - Year 9.50% 55,470.00 11.0899%
January 9, 2020
(4th Re-Opening) 10 - Year 10.00% 20,346.00 10.8825%
20 - Year 11.00% Bid Rejected

3 - Year 9.00% 20,024.20 11.9582%

49th - Regular 5 - Year 9.50% 30,256.50 11.3371%
February 6, 2020
(5th Re-Opening) 10 - Year 10.00% 10,370.00 10.9600%
20 - Year 11.00% Bids Rejected

3 - Year 9.00% 49,714.50 11.5351%

49th - Regular
March 5, 2020
(6th Re-Opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
49th - Regular Coupon Rate
5 - Year 9.50% 41,455.50 10.9350%
March 5, 2020
(6th Re-Opening) 10 - Year 10.00% 39,581.50 10.7519%
20 - Year 11.00% 1,000.00 11.7999%

3 - Year 9.00% 46,717.30 8.5315%

49th,50th - Regular 5 - Year 9.50% 36,442.20 8.7085%
(7th Re-Opening of 3,5,10,20Y April 16, 2020 10 - Year 10.00% 14,329.20 8.9725%
Fresh Issue 15Y) 15 - Year 10.50% 10,275.00 10.4540%
20 - Year 11.00% 5,012.80 10.7000%

3 - Year 9.00% 82,690.90 7.5239%

49th,50th - Regular 5 - Year 9.50% 59,546.50 7.8740%
(8th Re-Opening of 3,5,10,20Y 1st May 28, 2020 10 - Year 10.00% 27,087.50 8.4767%
Re-Opening of 15Y) 15 - Year 10.50% 2,525.00 9.6640%
20 - Year 11.00% Bids Rejected

3 - Year 9.00% 72,685.00 7.8223%

49th,50th - Regular 5 - Year 9.50% 21,961.70 8.3542%
(9th Re-Opening of 3,5,10,20Y June 25, 2020 10 - Year 10.00% 16,197.50 8.8710%
2nd Re-Opening of 15Y) 15 - Year 10.50% 4,000.00 9.8675%
20 - Year 11.00% 100.00 10.5100%

3 - Year 9.00% 98,188.00 7.2359%

49th,50th - Regular 5 - Year 9.50% 57,741.00 8.2139%
(10th Re-Opening of 3,5,10,20Y July 22, 2020 10 - Year 10.00% 29,943.00 8.8570%
3rd Re-Opening of 15Y) 15 - Year 10.50% 10,000.00 9.7020%
20 - Year 11.00% 5,000.00 10.3400%
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR
19-Aug-20 7.00% 9.50% 10.00% 10.50% 11.00%

3 - Year 7.00% 22,461.60 8.1911%

49th,50th,51st - Regular 5 - Year 9.50% 334.00 8.4473%
(3 Year Fresh,11th Re-Opening of August 20, 2020 10 - Year 10.00% 55.00 8.9445%
5,10,20Y 4th Re-Opening of 15Y) 15 - Year 10.50% 12,000.00 9.9125%
20 - Year 11.00% 10,000.00 10.4270%

3 - Year 7.00% 2,330.00 8.2000%

49th,50th,51st - Regular 112.50 8.4488%
5 - Year 9.50%
(3 Year 1st,12th Re-Opening of
September 17, 2020 10 - Year 10.00% 2.00 8.9900%
5,10,20Y and 5th Re-Opening of
15Y) 15 - Year 10.50% Bids Rejected
20 - Year 11.00% 1,000.00 10.5498%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR
14-Oct-19 7.00% 7.50% 10.00% 10.50% 11.00%

3 - Year 7.00% 50.00 8.2400%

49th,50th,51st,52nd - Regular
5 - Year 7.50% Bids Rejected
(3 Year 2nd,5 Year fresh, 13th Re-
October 15, 2020 10 - Year 10.00% Bids Rejected
Opening of 10,20Y and 6th Re-
Opening of 15Y) 15 - Year 10.50% 8,000.00 9.9900%
20 - Year 11.00% 5,000.00 10.5498%

3 - Year 7.00% 2,490.00 8.2400%

49th,50th,51st,52nd - Regular Bids Rejected
5 - Year 7.50%
(3 Year 3rd,5 Year 1st, 14th Re-
November 12, 2020 10 - Year 10.00% Bids Rejected
Opening of 10,20Y and 7th Re-
Opening of 15Y) 15 - Year 10.50% 4,000.00 9.9800%
20 - Year 11.00% 9,561.00 10.5206%
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR
01-Dec-20 7.00% 7.50% 8.00% 10.50% 11.00%

49th,50th,51st,52nd,53rd - 3 - Year 7.00% 2,271.50 8.2400%

Regular 5 - Year 7.50% Bids Rejected
(3 Year 4th,5 Year 2nd, 10 Year December 10, 2020 10 - Year 8.00% Bids Rejected
Fresh,20Y 15th and 8th Re- 15 - Year 10.50% 3,000.00 10.0000%
Opening of 15Y)
20 - Year 11.00% 8,000.00 10.5624%
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
7.00% 7.50% 8.00% 10.50% 11.00% 11.00%

3 - Year 7.00% 8,830.00 8.4070%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 20,500.00 9.4499%
Regular
10 - Year 8.00% 6,000.00 9.9200%
(3 Year 5th,5 Year 3rd, 10 Year January 7, 2021
1st,20Y 16th,15Y 9th and 30 Year 15 - Year 10.50% Bids Rejected
Fresh) 20 - Year 11.00% Bids Rejected
30 - Year 11.00% No Bids Received

3 - Year 7.00% 11,265.00 8.9083%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 22,117.50 9.5317%
Regular
10 - Year 8.00% 27,255.40 9.9927%
(3 Year 6th,5 Year 4th, 10 Year February 4, 2021
2nd,20Y 17th,15Y 10th and 30 1st 15 - Year 10.50% No Bids Received
Reopening) 20 - Year 11.00% 1,500.00 10.5400%
30 - Year 11.00% No Bids Received
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 - Year 7.00% 28,854.00 9.3343%
49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 35,910.70 9.8296%
Regular
10 - Year 8.00% 20,150.00 10.2140%
(3 Year 7th,5 Year 5th, 10 Year March 4, 2021
3rd,20Y 18th,15Y 11th and 30 15 - Year 10.50% No Bids Received
2nd Reopening) 20 - Year 11.00% No Bids Received
30 - Year 11.00% No Bids Received

3 - Year 7.00% 59,437.80 9.2202%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 79,511.90 9.7784%
Regular
10 - Year 8.00% 47,550.00 10.2124%
(3 Year 8th,5 Year 6th, 10 Year April 16, 2021
4th,20Y 19th,15Y 12th and 30 3rd 15 - Year 10.50% 12,000.00 10.4774%
Reopening) 20 - Year 11.00% 12,000.00 10.6074%
30 - Year 11.00% No Bids Received

3 - Year 7.00% 85,992.60 8.6213%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 76,434.00 9.1246%
Regular
10 - Year 8.00% 18,458.10 9.7764%
(3 Year 9th,5 Year 7th, 10 Year May 7, 2021
5th,20Y 20th,15Y 13th and 30 4th 15 - Year 10.50% 15,000.00 10.3750%
Reopening) 20 - Year 11.00% 10,000.00 10.5440%
30 - Year 11.00% No Bids Received

3 - Year 7.00% 157,090.00 8.6126%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 8,577.70 9.2000%
Regular
10 - Year 8.00% 315.00 9.8390%
(3 Year 10th,5 Year 8th, 10 Year June 10, 2021
6th,20Y 21st,15Y 14th and 30 5th 15 - Year 10.50% No Bids Received
Reopening) 20 - Year 11.00% No Bids Received
30 - Year 11.00% No Bids Received

3 - Year 7.00% 138,746.00 8.6626%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 6,515.50 9.1980%
Regular
10 - Year 8.00% BIDS REJECTED
(3 Year 11th,5 Year 9th, 10 Year July 8, 2021
7th,20Y 22nd,15Y 15th and 30 6th 15 - Year 10.50% 4,000.00 10.4000%
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 81,629.20 8.8458%

49th,50th,52nd,53rd,54th,55th - 5 - Year 7.50% 34,893.00 9.1721%
Regular
10 - Year 8.00% 5,187.00 9.8390%
(3 Year Fresh, 5 Year 10th, 10 August 5, 2021
Year 8th,20Y 23rd,15Y 16th and 15 - Year 10.50% 40,000.00 10.4000%
30 Y 7th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 - Year 7.00% 21,568.00 8.8788%
49th,50th,52nd,53rd,54th,55th - 5 - Year 7.50% 24,819.00 9.1602%
Regular
10 - Year 8.00% 36,899.50 9.8230%
(3 Year 1st, 5 Year 11th, 10 Year September 16, 2021
9th,20 Year 24th,15 Year 17th 15 - Year 10.50% 15,000.00 10.4000%
and 30 Year 8th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% BIDS REJECTED

55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% BIDS REJECTED
Regular (3 Year 2nd, 5 Year
10 - Year 8.00% BIDS REJECTED
12th, 10 Year 10th, 20 Year 25th, October 27, 2021
15 Year 18th and 30 Year 9th 15 - Year 10.50% BIDS REJECTED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 25,125.00 11.1552%

55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 57,760.60 11.4263%
Regular (3Y 3rd, 5Y 13th, 10Y 10 - Year 8.00% 35,500.00 11.7109%
November 29, 2021
11th, 15Y 19th, 20Y 26th and 15 - Year 10.50% BIDS REJECTED
30Y 10th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 39,769.70 11.4618%

55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 109,238.90 11.4616%
Regular (3Y 4th, 5Y 14th, 10Y 10 - Year 8.00% 20,188.10 11.7436%
December 23, 2021
12th, 15Y 20th, 20Y 27th and 15 - Year 10.50% NO BID RECEIVED
30Y 11th Reopening) 20 - Year 11.00% BIDS REJECTED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 119,001.60 10.7494%

55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 44,917.50 10.7994%
Regular (3Y 5th, 5Y 15th, 10Y 10 - Year 8.00% 13,684.50 10.9300%
January 28, 2022
13th, 15Y 21st, 20Y 28th and 30Y 15 - Year 10.50% BIDS REJECTED
12th Reopening) 20 - Year 11.00% BIDS REJECTED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 6,221.10 10.6749%

55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 47,680.00 10.7256%
Regular (3Y 6th, 5Y 16th, 10Y 10 - Year 8.00% 53,019.00 10.8450%
February 17, 2022
14th, 15Y 22nd, 20Y 29th and 15 - Year 10.50% BIDS REJECTED
30Y 13th Reopening) 20 - Year 11.00% BIDS REJECTED
30 - Year 11.00% NO BID RECEIVED
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 - Year 7.00% 56,898.20 11.7223%
55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 82,631.10 11.6460%
Regular (3Y 7th, 5Y 17th, 10Y 10 - Year 8.00% 60,992.40 11.4990%
March 17, 2022
15th, 15Y 23rd, 20Y 30th and 15 - Year 10.50% BIDS REJECTED
30Y 14th Reopening) 20 - Year 11.00% BIDS REJECTED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 28,232.00 13.2197%

55th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 70,854.80 12.6918%
Regular (3Y 8th, 5Y Fresh, 10Y 10 - Year 8.00% 288,391.30 13.0576%
April 29, 2022
16th, 15Y 24th, 20Y 31st and 30Y 15 - Year 10.50% NO BID RECEIVED
15th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 26,994.70 13.9534%

55th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 70,776.10 13.0407%
Regular (3Y 9th, 5Y 1st, 10Y 17th, 10 - Year 8.00% BIDS REJECTED
May 26, 2022
15Y 25th, 20Y 32nd and 30Y 16th 15 - Year 10.50% BIDS REJECTED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 10,360.70 13.9550%

55th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 112,942.90 13.0731%
Regular (3Y 10th, 5Y 2nd, 10Y 10 - Year 8.00% 49,367.90 13.0325%
June 23, 2022
18th, 15Y 26th, 20Y 33rd and 30Y 15 - Year 10.50% BIDS REJECTED
17th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 13,081.20 13.9957%

55th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 132,176.90 13.3364%
Regular (3Y 11th, 5Y 3rd, 10Y 10 - Year 8.00% BIDS REJECTED
July 15, 2022
19th, 15Y 27th, 20Y 34th and 30Y 15 - Year 10.50% BIDS REJECTED
18th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
10.00% 7.50% 8.00% 10.50% 11.00% 11.00%

3 - Year 10.00% 94,828.10 13.8728%

56th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 205,420.60 13.3607%
Regular (3Y Fresh, 5Y 4th, 10Y 10 - Year 8.00% BIDS REJECTED
August 4, 2022
20th, 15Y 28th, 20Y 35th and 30Y 15 - Year 10.50% NO BID RECEIVED
19th Reopening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

56th, 53rd, 53rd, 50th, 49th, 54th - Tenor
Date Rate Accepted Average Yield%
Regular (3Y Fresh, 5Y 4th, 10Y
August 4, 2022
20th, 15Y 28th, 20Y 35th and 30Y (Amount in millions)
19th Reopening) Coupon
20 - Rate
Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% 34,243.80 13.8936%

56th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 192,990.90 13.3076%
Regular (3Y 1st, 5Y 5th, 10Y 21st, 10 - Year 8.00% 14,294.00 12.9197%
September 15, 2022
15Y 29th, 20Y 36th and 30Y 20th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
10.00% 10.50% 8.00% 10.50% 11.00% 11.00%

3 - Year 10.00% 96,329.90 13.7633%

56th, 54th, 53rd, 50th, 49th, 54th - 5 - Year 10.50% 131,872.60 13.0568%
Regular (3Y 2nd, 5Y Fresh, 10Y 10 - Year 8.00% BIDS REJECTED
October 13, 2022
22nd, 15Y 30th, 20Y 37th and 15 - Year 10.50% NO BID RECEIVED
30Y 21st Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
10.00% 10.50% 11.00% 10.50% 11.00% 11.00%

3 - Year 10.00% BIDS REJECTED

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% 27,344.50 13.3175%
Regular (3Y 3rd, 5Y 1st, 10Y 10 - Year 11.00% BIDS REJECTED
November 30, 2022
Fresh, 15Y 31st, 20Y 38th and 15 - Year 10.50% NO BID RECEIVED
30Y 22nd Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% BIDS REJECTED

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% BIDS REJECTED
Regular (3Y 4th, 5Y 2nd, 10Y 1st, 10 - Year 11.00% BIDS REJECTED
December 22, 2022
15Y 32nd, 20Y 39th and 30Y 23rd 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% BIDS REJECTED

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% BIDS REJECTED
Regular (3Y 5th, 5Y 3rd, 10Y 2nd, 10 - Year 11.00% BIDS REJECTED
January 19, 2023
15Y 33rd, 20Y 40th and 30Y 24th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

56th, 54th, 54th, 50th, 49th, 54th -

Regular (3Y 5th, 5Y 3rd, 10Y 2nd, Auction Settlement Tenor
Coupon Amount Weighted
January 19, 2023
Date Rate Accepted Average Yield%
15Y 33rd, 20Y 40th and 30Y 24th
Reopening) (Amount in millions)
Coupon
30 - Rate
Year 11.00% NO BID RECEIVED

3 - Year 10.00% BIDS REJECTED

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% BIDS REJECTED
Regular (3Y 6th, 5Y 4th, 10Y 3rd, 10 - Year 11.00% BIDS REJECTED
February 16, 2023
15Y 34th, 20Y 41st and 30Y 25th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% 26,000.10 18.0500%

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% 350.10 13.4666%
Regular (3Y 7th, 5Y 5th, 10Y 4th, 10 - Year 11.00% BIDS REJECTED
March 16, 2023
15Y 35th, 20Y 42nd and 30Y 26th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% 143,741.30 18.3354%

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% BIDS REJECTED
Regular (3Y 8th, 5Y 6th, 10Y 5th, 10 - Year 11.00% BIDS REJECTED
April 13, 2023
15Y 36th, 20Y 43rd and 30Y 27th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% 62,884.80 18.9210%

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% BIDS REJECTED
Regular (3Y 9th, 5Y 7th, 10Y 6th, 10 - Year 11.00% BIDS REJECTED
May 11, 2023
15Y 37th, 20Y 44th and 30Y 28th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% 126,906.70 19.2462%

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% BIDS REJECTED
Regular (3Y 10th, 5Y 8th, 10Y 7th, 10 - Year 11.00% BIDS REJECTED
June 16, 2023
15Y 38th, 20Y 45th and 30Y 29th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
12.00% 10.50% 11.00% 10.50% 11.00% 11.00%

3 - Year 12.00% 105,629.50 19.3499%

57th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% BIDS REJECTED
Regular (3Y Fresh, 5Y 9th, 10Y
July 4, 2023
8th, 15Y 39th, 20Y 46th and 30Y
30th Reopening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%

57th, 54th, 54th, 50th, 49th, 54th - (Amount in millions)

Regular (3Y Fresh, 5Y 9th, 10Y Coupon
10 - Rate
Year 11.00% BIDS REJECTED
July 4, 2023
8th, 15Y 39th, 20Y 46th and 30Y 15 - Year 10.50% NO BID RECEIVED
30th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 12.00% 79,714.50 19.3244%

57th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% 105.10 15.9500%
Regular (3Y 1st, 5Y 10th, 10Y 9th, 10 - Year 11.00% BIDS REJECTED
August 3, 2023
15Y 40th, 20Y 47th and 30Y 31st 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 12.00% 3,260.20 19.3229%

57th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% 300.10 16.9500%
Regular (3Y 2nd, 5Y 11th, 10Y 10 - Year 11.00% 100.50 15.2500%
September 19, 2023
10th, 15Y 41st, 20Y 48th and 30Y 15 - Year 10.50% NO BID RECEIVED
32nd Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 12.00% 110,262.20 19.1649%

57th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% 2,994.30 16.9268%
Regular (3Y 3rd, 5Y 12th, 10Y 10 - Year 11.00% 1,459.40 15.2270%
October 3, 2023
11th, 15Y 42nd, 20Y 49th and 15 - Year 10.50% NO BID RECEIVED
30Y 33rd Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
12.00% 10.50% 14.00% 10.50% 11.00% 11.00%

3 - Year 12.00% 139,085.60 17.3794%

57th, 54th, 55th, 50th, 49th, 54th - 5 - Year 10.50% 46,733.50 15.9025%
Regular (3Y 4th, 5Y 13th, 10Y 10 - Year 14.00% 66,483.60 15.0905%
November 10, 2023
Fresh, 15Y 43rd, 20Y 50th and 15 - Year 10.50% NO BID RECEIVED
30Y 34th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 12.00% 246,681.10 16.9173%

57th, 54th, 55th, 50th, 49th, 54th - 5 - Year 10.50% 42,598.10 15.8076%
Regular (3Y 5th, 5Y 14th, 10Y 1st, 10 - Year 14.00% 107,293.00 14.9697%
December 21, 2023
15Y 44th, 20Y 51st and 30Y 35th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
12.00% 14.00% 14.00% 10.50% 11.00% 11.00%

3 - Year 12.00% 97,353.50 16.5977%

57th, 55th, 55th, 50th, 49th, 54th - 5 - Year 14.00% 61,954.10 15.3764%
Regular (3Y 6th, 5Y Fresh, 10Y 10 - Year 14.00% 2,771.00 14.3750%
January 17, 2024
2nd, 15Y 45th, 20Y 52nd and 30Y 15 - Year 10.50% NO BID RECEIVED
36th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
14.00% 14.00% 14.00% 10.50% 11.00% 11.00%

3 - Year 14.00% 70,074.30 16.7273%

58th, 55th, 55th, 50th, 49th, 54th - 5 - Year 14.00% 13,724.70 15.5476%
Regular (3Y Fresh, 5Y 1st, 10Y 10 - Year 14.00% 1,544.00 14.4900%
February 15, 2024
3rd, 15Y 46th, 20Y 53rd and 30Y 15 - Year 10.50% NO BID RECEIVED
37th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 14.00% 42,916.90 16.6747%

58th, 55th, 55th, 50th, 49th, 54th - 5 - Year 14.00% 11,812.90 15.4629%
Regular (3Y 1st, 5Y 2nd, 10Y 4th, 10 - Year 14.00% 1,218.00 14.2750%
March 14, 2024
15Y 47th, 20Y 54th and 30Y 38th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 14.00% 4,135.70 16.6500%

58th, 55th, 55th, 50th, 49th, 54th - 5 - Year 14.00% 1,643.20 15.4200%
Regular (3Y 2nd, 5Y 3rd, 10Y 5th, 10 - Year 14.00% 1,052.00 14.2750%
April 17, 2024
15Y 48th, 20Y 55th and 30Y 39th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 14.00% 32,541.40 16.6019%

58th, 55th, 55th, 50th, 49th, 54th - 5 - Year 14.00% 49,115.00 15.3779%
Regular (3Y 3rd, 5Y 4th, 10Y 6th, 10 - Year 14.00% 15,225.00 14.2576%
May 23, 2024
15Y 49th, 20Y 56th and 30Y 40th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED