Times of Islamabad

State Bank of Pakistan to raise Rs 3450 billion from MTB and PIB

State Bank of Pakistan to raise Rs 3450 billion from MTB and PIB

ISLAMABAD – The State Bank of Pakistan (SBP) plans to raise Rs3450 billionfrom Market Treasury Bill (MTB) and Pakistan Investment Bond (PIB) duringFebruary to April 2019.Out of the amount, the Short Term MTB target is Rs3200 billion, while thelonger term PIB’s have a target of Rs.250 billion, revealed SBP data Friday.The five auctions for MTB would be held on February 14, February 28, March14, March 28 and April 11 while three auctions for PIB would be heldFebruary 20, March 20, and April 17.The maturing amount during the period under review is Rs.3416.575 billion,out of which Rs2,969.806 billion is maturing in MTB’s while Rs446.769billion is maturing in PIBs.