KARACHI: The government has decided to raise Rs3,650 billion during next three months through sale of treasury papers for repayment of loan to commercial banks and for budget financing.
The State Bank of Pakistan (SBP) on Tuesday issued auction target for Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs) to be presented during the period of December to February.
According to the targets, the SBP would conduct auction of MTBs to raise Rs3,500 billion through sale of three-, six-, and 12-month treasury papers.
A small amount of Rs150 billion would be offered through sale of PIBs.
The targeted repayment against matured amount during the period is Rs3,471 billion. Out of which the maturity in MTBs is around Rs3,384 billion and another amount of Rs87.08 billion in PIBs.
The SBP said that additional requirement of funds for budget financing is at Rs178.11 billion in both types of treasury papers.