December 10, 2024 (MLN): The government is targeting to raise Rs7.6 trillion during the three months from December to February 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 Rs3.8tr during this period through MTBs and the remaining Rs3.8tr through PIBs.
Category
Target Amount (Rs Bn)
MTBs
3,800
PIB (Fixed Rate)
1,050
PIB (Floating Rate) Semi-Annual
2,750
Total
7,600
SBP plans to conduct six auctions of MTBs in the next three months to meet this target.
In December, two auctions are scheduled: the first one to be held on December 12, and the second is set for December 26, with a target of Rs1200bn each.
Moving forward, two auctions for MTBs are scheduled to be held within January, the first one being on January 09 with a target of Rs350bn, while the final auction for the review quarter is scheduled for January 23, targeting Rs350bn.
In February 2025, two auctions are scheduled: the first one to be held on February 06, and the second is set for February 20, with a target of Rs350bn each.
Additionally, SBP aims to raise Rs3.6tr through the sale of PIBs, which includes Rs1.05tr through the sale of PIBs Fixed Rate, and Rs2.75tr through PIBs semiannual floaters.
For the fixed-rate bonds, SBP will conduct three auctions this quarter, with a target of Rs350bn each.
For the semiannual bonds, the central bank has planned a total of 6 auctions.
