State Bank of Pakistan to raise Rs 4.25 trillion through new economic move

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State Bank of Pakistan to raise Rs 4.25 trillion through new economic move

ISLAMABAD - State Bank of Pakistan to raise Rs 4.25 trillion through the new economic move.

The State Bank of Pakistan (SBP) released the auction calendar for the final quarter of CY19, in which it aims to raise Rs4.25 trillion from the auction of Market Treasury Bills (MTB) and Pakistan Investment Bonds (PIB).

The maturing amount during the period Oct-Dec is Rs4.736 trillion, which indicates a net retirement of Rs486.77 billion by the government.

The SBP plans to raise Rs3.80 trillion from the auction of short term T-Bills and Rs450 billion from longer term PIBs.

The amount to be raised from PIBs is further divided into two categories, i.e. fixed and floating bonds. The SBP is targeting Rs300 billion from the fixed rate bonds of 3, 5, 10 and 20 years while Rs150 billion will be raised through floating rate bonds of 10 Years.