T-bill and PIB yields
T-bill and PIB auction yields, the daily PKRV yield curve and Islamic sukuk rates.
Latest figures
- 3-month T-bill yield — auction cut-off (SBP): 12.00% (14 Oct 2026)
- 12-month T-bill yield — auction cut-off (SBP): 12.50% (14 Oct 2026)
- 3-year PIB yield — auction cut-off: 12.75% (07 Oct 2026)
- 10-year PIB yield — auction cut-off: 12.85% (07 Oct 2026)
- PKRV 10-year yield — Pakistan govt yield curve, daily: 12.82% (22 Oct 2026)
The government borrows in rupees by auctioning Market Treasury Bills (1, 3, 6 and 12 months) and Pakistan Investment Bonds (2 to 30 years) through the State Bank. The cut-off yield is the highest yield the government accepts at each auction — the rate new money is borrowed at.
Between auctions, MUFAP's PKRV revaluation rates give a daily yield for every tenor from one week to 20 years; banks and funds use it to value their bond holdings. PKISRV is the Shariah-compliant equivalent for government Ijara sukuk.
See also: Debt securities and trades
T-bill auctions
- 1-month T-bill yield — auction cut-off (SBP)
- 3-month T-bill yield — auction cut-off (SBP)
- 6-month T-bill yield — auction cut-off (SBP)
- 12-month T-bill yield — auction cut-off (SBP)
PIB auctions
- 2-year PIB yield — auction cut-off
- 3-year PIB yield — auction cut-off
- 5-year PIB yield — auction cut-off
- 10-year PIB yield — auction cut-off
- 15-year PIB yield — auction cut-off
- 20-year PIB yield — auction cut-off, 2004–2021
- 30-year PIB yield — auction cut-off, 2006–2011
PKRV yield curve (daily)
- PKRV 1-week yield — Pakistan govt yield curve, daily
- PKRV 1-month yield — Pakistan govt yield curve, daily
- PKRV 3-month yield — Pakistan govt yield curve, daily
- PKRV 6-month yield — Pakistan govt yield curve, daily
- PKRV 1-year yield — Pakistan govt yield curve, daily
- PKRV 2-year yield — Pakistan govt yield curve, daily
- PKRV 3-year yield — Pakistan govt yield curve, daily
- PKRV 5-year yield — Pakistan govt yield curve, daily
- PKRV 7-year yield — Pakistan govt yield curve, daily
- PKRV 10-year yield — Pakistan govt yield curve, daily
- PKRV 15-year yield — Pakistan govt yield curve, daily
- PKRV 20-year yield — Pakistan govt yield curve, daily
Islamic: PKISRV and Ijara sukuk
- PKISRV 1-month yield — Islamic (sukuk) yield curve, daily
- PKISRV 3-month yield — Islamic (sukuk) yield curve, daily
- PKISRV 6-month yield — Islamic (sukuk) yield curve, daily
- PKISRV 1-year yield — Islamic (sukuk) yield curve, daily
- GIS Ijara sukuk 3-year auction cut-off — Pakistan govt sukuk
- GIS Ijara sukuk 5-year auction cut-off — Pakistan govt sukuk
Curve slope
- Yield curve slope: 10-year minus 1-year PKRV
- Yield curve slope: 10-year minus 3-month PKRV
- 3-month T-bill yield minus SBP policy rate (spread)
Questions
What is the latest T-bill rate in Pakistan?
The 3-month T-bill cut-off yield was 12.00% at the auction of 14 Oct 2026.
What is the 10-year PIB yield?
The 10-year PKRV yield was 12.82% on 22 Oct 2026; the last 10-year PIB auction cut off at 12.85%.
What is PKRV?
The daily revaluation rate MUFAP publishes for every government-bond tenor, used to mark bond portfolios to market between auctions.
Related topics
Every series here is official data from its publisher, updated as it is released, with the full history as JSON or CSV through the PakDataHub API. Get a free key or read the series endpoint docs.