SBP targets to raise around Rs5.4tr: Auction Calendar Aug 26-Oct 26

August 12, 2026 (MLN): The government is targeting to raise Rs5.40 trillion during the three months from August 2026 till October 2026 through the auction of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs), according to the auction calendars released by the State Bank of Pakistan (SBP).

The breakup of the target reveals that the government is targeting to borrow Rs4.10tr during this period through MTBs, and Rs1.30tr through PIBs Fixed Rate.

SBP plans to conduct seven auctions of MTBs in the next three months to meet this target.

In August, two auctions are scheduled: the first on August 05 with a target of Rs400bn, and the second on August 19 with a target of Rs500bn.

Moving forward, three auctions for MTBs are scheduled within September 2026, the first on September 02 with a target of Rs800bn, the second on September 16 with a target of Rs400bn, and the third on September 30 with a target of Rs600bn.

Additionally, two auctions are also scheduled for October 2026, the first on October 14 with a target of Rs600bn, and the last on October 28 with a target of Rs800bn.

Moreover, SBP aims to raise Rs1.30tr through the sale of Fixed Rate PIBs during the quarter, with no floating rate PIB auctions scheduled for this period.

For the fixed-rate bonds, SBP will conduct three auctions this quarter, with targets of Rs400bn on August 04, Rs450bn on September 18, and Rs450bn on October 07.

The PIB auction target calendar breakup is given below:

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