Islamabad: The Pakistan Government has unveiled an ambitious plan to bolster its financial reserves by generating PKR 2.47 trillion over three months from April to June 2024, as claimed in a news article on April 11.
According to the details, this plan, outlined in the State Bank of Pakistan’s auction calendar, aims to exceed the maturing amount of PKR 2.123 trillion. The strategy involves seven Market Treasury Bill (MTB) auctions spread across the final quarter of the fiscal year, with specific fundraising targets for each month: PKR 1.05 trillion for April, PKR 600 billion for May, and PKR 825 billion for June.
The auctions will feature various MTB durations, including 3-month, 6-month, and 12-month terms, to procure PKR 825 billion through each duration. This proactive approach demonstrates the government’s commitment to managing its finances effectively and ensuring stability.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
