August 26, 2024 (MLN): The government is targeting to borrow Rs6.1 trillion during the three months from August to October 2024, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate.
The breakup of the target reveals that the government is targeting to borrow Rs3.435tr by auctioning MTBs and the remaining Rs2.705tr through PIBs.
Category
Target Amount (Rs Bn)
MTBs
3,435
PIB (Fixed Rate)
525
PIB (Floating Rate) Semi-Annual
2,160
PIB (Floating Rate) Quarterly
20
Total
6,140
SBP planned to conduct seven auctions of MTBs this quarter to meet the target.
Additionally, the central bank aims to raise Rs2.705tr through the sale of PIBs, which includes Rs525bn through the sale of PIBs Fixed Rate, Rs2.16tr through PIBs semiannual floaters, and Rs20bn through PIBs quarterly floaters.
For the fixed-rate bonds, SBP has planned three auctions this quarter, including the one held on July 31.
For the semiannual and quarterly bonds, the central bank has planned a total of seven auctions.
