Govt. to borrow Rs4,100 billion through sale of MTBs

Govt. to borrow Rs4,100 billion through sale of MTBs

KARACHI: The government has announced to borrow around $s4,100 billion through auction of market treasury bills (MTBs) during three months in order to meet budget financing.

The State Bank of Pakistan (SBP) on Monday issued schedule for the auction of three-, six- and 12-month treasury bills.

Out of scheduled sale of Rs4,100 billion treasury bills, an amount of Rs3,453 billion for the payment of maturities during the period of May – July 2021.

The SBP to auction the treasury bills on May 05, May 19, June 02, June 16, June 30, July 14 and July 28 of the current year.

The SBP set a target of Rs1,000 billion for the sale of 3-month treasury bills, Rs1,500 billion for the sale of six-month bills and Rs1,600 billion for the sale of 12-month treasury bills during May – July 2021.

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