Karachi: The State Bank of Pakistan (SBP) has decided to auction Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs) worth PKR 4.75 trillion to help the government finance its budget deficit, reported a news source.
The central bank shared the details regarding its auction target calendar yesterday.
According to this calendar, the SBP will sell treasury bills worth PKR 4.1 trillion – spread out against three, six and 12 months debt frameworks. The apex bank may also offer Pakistan Investment Bonds (PIBs) worth PKR 300 billion.
As per the details shared by sources, the federal government will borrow PKR 650 billion through investment bonds and PKR 4.1 trillion by selling short-term government papers. In this regard, the three auctions of 3 year, 5 year, 10 year and 20 year PIBs will be held on May 29, June 26, and July 24, 2019, respectively. The government aims to fetch PKR 100 billion from each of these auctions.
