As the government continues to fall short of its revenue collection targets, it will be raising over Rs2.8t through the auction of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs) during the next three months.
The State Bank of Pakistan reported on Tuesday that the government will raise Rs2.650t through MTBs and Rs200b through PIBs during May-July period.
The maturing amount of treasury bills during this period is Rs2.443t which means the government will have to raise additional Rs206b.
However, the government has decided not to offer more PIBs as the maturing amount during the period will be Rs698.3b and it would have to raise an additional Rs498.3b through the higher selling of T-bills.
