T-Bill Investment Strategy: How to Earn 12%+ with Government Security

## What Are T-Bills? Treasury Bills are short-term government securities issued by the State Bank of Pakistan. They are the safest investment in Pakistan — backed by the full faith of the government. ## Current Rates | Tenor | Cutoff Yield | |-------|-------------| | 3-month | 12.2% | | 6-month | 12.5% | | 12-month | 12.8% | ## How to Invest ### Through iInvest (Recommended) 1. Download iInvest app (by SBP) 2. Complete CNIC-based registration 3. Link your bank account 4. Place bid during auction (every 2 weeks) 5. Minimum: PKR 10,000 ### Through Bank/Broker - Most banks offer T-Bill investment services - Higher minimums (usually PKR 100,000+) - May charge intermediary fees ## Tax Treatment - WHT: 10% for filers, 15% for non-filers - Final tax — no additional liability ## Strategy Tips 1. **Ladder your maturities** — Buy 3, 6, and 12-month bills for staggered returns 2. **Roll over at maturity** — Reinvest principal + profit for compounding 3. **Use for emergency fund** — 3-month T-bills are highly liquid 4. **Compare with NSS** — NSS may offer slightly higher rates but less liquidity