MoF to raise Rs4.45tn with help of SBP by auctioning govt securities

KARACHI: The State Bank of Pakistan (SBP) reported on Friday it will auction government securities amounting to Rs 4.7 trillion during February and April.

The central bank will help the Ministry of Finance raise Rs 4.45 trillion through seven auctions of market treasury bills (MTBs) in the three-month period. It will hold two, three and two auctions in February, March and April, respectively.

More than Rs 4 trillion or 91 per cent of total funds will account for the maturing amount of the federal government. In other words, an additional requirement of funds during the three-month period is only Rs 377.3 billion.

As for Pakistan Investment Bonds (PIBs), the SBP aims to raise Rs 250 billion by holding three auctions in the next three months. It will raise Rs 50 billion in February and Rs 100 billion in March and April each. The maturing amount for the period will be Rs 616.2 billion.

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