Govt to borrow Rs6.8tr by April\'25

The State Bank of Pakistan (SBP) has announced its auction calendar for Pakistan Investment Bonds (PIBs) and Market Treasury Bills (MTBs), targeting a total of Rs6.8 trillion in upcoming auctions. The calendar, issued by the Domestic Markets & Monetary Management Department, outlines the schedule and target amounts for both fixed-rate and floating-rate PIBs, as well as short-term MTBs. The SBP plans to raise Rs2,900 billion through MTB auctions and Rs3,925 billion through PIBs, including Rs1,050 billion from fixed-rate PIBs and Rs2,875 billion from floating-rate PIBs, according to SBP data. These auctions will take place over February–April 2025, covering various maturities. Meanwhile, bond maturities during this period amount to Rs3,092 billion.