April 03, 2019 (MLN): The State Bank of Pakistan plans to raise Rs.3,900 Billion from auction of government PIBs and MTB during April-June 2019.

The Central Bank has set the auction target of Rs.3,300 Billion for short term Market Treasury Bills (MTB) and Rs.600 Billion for longer term Pakistan investment bonds (PIB).

From the Rs.600 Billion in PIBs, Rs.300 Billion is planned from the Fixed Rate Bonds (re-opening of July 2018 issue) while Rs.300 Billion is the target for the floating rate bond.

The maturing amount during the period April-June 2019 is Rs. 3,538.698 Billion, which shows a net additional funding requirement of Rs. 361.302 Billion.

Of the Maturing amount, Rs. 3,102.116 Billion is in short term MTBs while Rs. 434.456 Billion is in Fixed Rate PIBs and Rs. 2.126 Billion in Floating Rate PIBs.

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