October 11, 2023 (MLN): The government is targeting to raise Rs10.67 trillion during the next three months (October-December) of FY24, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate.
Category
Target Amount (Rs)
MTBs
7.905 trillion
PIB (Fixed Rate)
480 billion
PIB (Floating Rate) Semi-Annual
1.02 trillion
PIB (Floating Rate) Quarterly
1.26 trillion
Total
10.665 trillion
Through the auction of MTBs, the government is targeting to borrow Rs7.91tr during Oct-Dec of 2024 as against the maturing amount of Rs8.95tr.
SBP plans to conduct seven auctions of MTBs in the period of Oct-Dec 2024 to meet this target.
In the month of October, one more auction is scheduled in addition to the one already conducted on October 04, with a target of Rs900 billion to be held on October 18, 2023.
For November, three auctions will be held, on November 01 with a target of Rs975bn, on November 15 with a target of Rs1.875tr, and on November 29 with a target of Rs975bn.
Moreover, two auctions are scheduled to be held within December, the first one being on December 13 with a target of Rs2.1tr, and the last auction scheduled for the review quarter is scheduled to be held on December 27 with a target of R480bn.
Additionally, SBP aims to raise Rs2.76tr through the sale of PIBs, which includes Rs480bn through the sale of PIBs Fixed Rate, Rs1.02tr PIBs Floating Rate Semi-Annual Auction, and an amount of Rs1.26tr each through the sale of 2-year and 3-year PIB (Floating Rate) Quarterly Auction.
