February 02, 2024 (MLN): The government is targeting to raise Rs2.845 trillion during the next three months (February -April) 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
1.530 trillion
PIB (Fixed Rate)
505 billion
PIB (Floating Rate) Semi-Annual
480 billion
PIB (Floating Rate) Quarterly
330 billion
Total
2.845 trillion
Through the auction of MTBs, the government is targeting to borrow Rs1.53tr during Feb-Apr of 2024 as against the maturing amount of Rs1.731tr.
SBP plans to conduct six auctions of MTBs in the period of Dec-Feb 2024 to meet this target.
In the month of February, two auctions are scheduled, one on February 06, with a target of Rs480 billion, and the second one on February 21, with a target of Rs300bn.
In March, two auctions will be held, one on March 06 with a target of Rs225bn and the second on March 20 with a target of Rs225bn.
Going forward, two auctions are scheduled to be held within April, the first one being on April 03 with a target of Rs150bn, and the last auction scheduled for the review quarter is scheduled to be held on April 17 with a target of Rs150bn.
Additionally, the State Bank of Pakistan (SBP) aims to raise Rs1.315tr through the sale of Pakistan Investment Bonds (PIBs).
This includes Rs505bn through the sale of Fixed Rate PIBs, Rs480bn via PIBs Floating Rate Semi-Annual Auction, and an additional Rs330bn through the sale of PIBs Floating Rate quarterly bonds.
