KARACHI: The Shehbaz-led government has planned to borrow a record Rs11.1 trillion through treasury bills and bonds in the July-September quarter.
The auction calendar of the State Bank of Pakistan (SBP) shows that most planned borrowing for the first quarter of FY24 will be done through Market Treasury Bills with maturities of three, six, and 12 months.
The government will raise Rs8.70tr via short-term paper auctions. The sale of Pakistan Investment Bonds (PIBs) with fixed and floating rates will allow the government to borrow Rs1.68tr from commercial banks.
It will borrow Rs450 billion via variable rental rate and Rs270bn via fixed rate government of Pakistan Ijara Sukuk.
T-bills and PIBs valuing Rs9.6tr will mature during July-September FY24.
