State Bank releases calendar of auction of Treasury Bills & PIBs

State Bank of Pakistan has released auction target for Short Term and Long Term government securities with a cumulative target of Rs 3.8 trillion for the period of September to November.

The Central Bank released the auction calendar for Treasury Bills and Pakistan Investment Bonds. The State Bank has set a target of Rs 3.550 trillion for Short Term government securities or Treasury Bills having maturity of three, six months and one year.

The government through six auctions plans to raise the stipulated amount of this three auctions to have a target of Rs 550 billion each and remaining would be Rs 650 billion each.

The long term bonds or Pakistan Investment Bonds expected to raise nearly Rs 250 billion through three auctions consisting of Rs 100 billion each (two auctions) and Rs 50 billion.