Government plans to raise Rs2.6tn through T-Bills, Rs470bn through PIBs

KARACHI: The government seeks to raise Rs2.6 trillion through auction of treasury bills in the next three months in addition to lifting Rs470 billion through Pakistan Investment Bonds (PIBs).

The State Bank of Pakistan (SBP) released the auction calendar for both the T-bills and PIBs auction on Friday announcing its plan to raise Rs2.6 trillion to retire maturing amount of Rs2.275 trillion through the T-bills.

The SBP also released calendar for the auction of PIBs to be held during the period between March and May and is planning to raise Rs470 billion through these instruments, which include Rs320 billion on fixed interest rate and Rs150 billion on floating interest rates.

However, this amount is higher than the maturing amount of Rs389 billion. The government would raise additional Rs81 billion through PIBs indicating the rising need of liquidity.

The financial circles believe the government will have no other option but to continue borrowing from banks during the entire financial year.

Bookmark the permalink.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • RSS Newsnreleases

    • C. Hunter becomes CEO of HomeTrust Bank, President of HomeTrust Bancshares 27-Jul-2021
      ASHEVILLE: HomeTrust Bancshares Inc., the holding company of HomeTrust Bank, announced that C. Hunter Westbrook will assume the positions of... Continue reading The post C. Hunter becomes CEO of HomeTrust Bank, President of HomeTrust Bancshares appeared first on NewsnReleases.
    • Blackwood Partners and Nicola Wealth acquire another industrial land 27-Jul-2021
      TORONTO, ONTARIO: Blackwood Partners and Nicola Wealth Real Estate (NWRE) acquired a 34-acre industrial development site located in Grimsby, southwest... Continue reading The post Blackwood Partners and Nicola Wealth acquire another industrial land appeared first on NewsnReleases.
    • Neles to acquire Flowrox for Eur 40.9 million 27-Jul-2021
      HELSINKI, FINLAND: Neles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology... Continue reading The post Neles to acquire Flowrox for Eur 40.9 million appeared first on NewsnReleases.
    • Beatrice Mary Nicholas appointed non-executive director at Cohort Plc 27-Jul-2021
      LONDON, UK: Cohort Plc, the independent technology group, announced the appointment of Beatrice Mary Nicholas as a non-executive director, with... Continue reading The post Beatrice Mary Nicholas appointed non-executive director at Cohort Plc appeared first on NewsnReleases.
    • Stephen Birrell joins Live Company Group board 27-Jul-2021
      LONDON, UK: Live Company Group plc has appointed Stephen Birrell as an independent Non-Executive Director with immediate effect, a news... Continue reading The post Stephen Birrell joins Live Company Group board appeared first on NewsnReleases.