December 11, 2023 (MLN): The government is targeting to raise Rs6.006 trillion during the next three months (December-February) 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
3.646 trillion
PIBs
2.25 trillion
GOP Ijara Sukuk VRR
60 billion
GOP Ijara Sukuk FRR
50 billion
Total
6.006 trillion
Through the auction of MTBs, the government is targeting to borrow Rs3.646tr during Dec-Feb of 2024 as against the maturing amount of Rs3.772tr.
SBP plans to conduct six auctions of MTBs in the period of Dec-Feb 2024 to meet this target.
In the month of December, two auctions are scheduled, one on December 13, with a target of Rs2.25tr, and the second one on December 27, with a target of Rs510bn.
In January, two auctions will be held, one on January 10 with a target of Rs100bn and the second on January 24 with a target of Rs6bn.
Going forward, two auctions are scheduled to be held within February, the first one being on February 06 with a target of Rs480bn, and the last auction scheduled for the review quarter is scheduled to be held on February 21 with a target of R300bn.
Additionally, SBP aims to raise Rs2.25tr through the sale of PIBs, which includes Rs270bn through the sale of PIBs Fixed Rate, Rs720bn PIBs Floating Rate Semi-Annual Auction, and an amount of Rs480tr each through the sale of 2-year and 3-year PIB (Floating Rate) Quarterly Auction.
Moreover, SBP plans to raise Rs110bn through the sale of GOP Ijara Sukuk VRR with a target of Rs60bn and through the sale of GOP Ijara Sukuk FRR with a target of Rs50bn.
