T

Glossary · PSX term

Treasury bills (T-bills).

T-bills are short-term debt instruments issued by the Government of Pakistan, usually up to one year.

Definition

Sold at a discount and redeemed at face value, T-bills are considered very low risk because they are backed by the government. Their yields closely track the SBP policy rate and are a benchmark for short-term returns.

Worked example

Buying a Rs. 100 T-bill for Rs. 94 and receiving Rs. 100 at maturity gives a return of about 6% for the period.

Related on PSX Clarity

Pakistan Investment Bonds (PIBs)

Yield to maturity

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