Pakistan to raise PKR 8.7 trillion through investment bonds and treasury bills in three months
Government to raise PKR 5.5 trillion through MTBs and PKR 4.3 trillion through PIBs
The Pakistan government plans to raise PKR 5.5 trillion through the auction of market treasury bills (MTBs) and PKR 3.2 trillion through Pakistan Investment Bonds (PIBs) during April to June 2024, according to the auction calendar shared by the State Bank of Pakistan (SBP) last week.
The goal for MTBs is to secure PKR 5.5 trillion against the maturing amount of PKR 6.72 trillion. The SBP has scheduled seven MTB auctions over the next three months, with two auctions each in November, December, and January.
Similarly, the government aims to raise PKR 900 billion through the auction of fixed-rate PIBs and PKR 2.3 trillion through floating-rate PIBs. These measures are part of the government's strategy to manage its debt and finance its budgetary requirements.
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