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Govt buys back Rs585bn PIBs in debt management

An employee counts Pakistani rupee notes at a bank in Peshawar on August 22, 2023. — Reuters KARACHI: The government repurchased Rs585 billion of five-year floating-rate Pakistan Investment Bonds (PIBs) in a buyback auction on Thursday, in a move aimed at easing refinancing pressure on bonds maturing in 2028-29 and supporting liquidity in the interbank…