Saturday, December 2, 2023

Government to Borrow Rs 6.72 Trillion in Feb-April

To help finance the nation’s budget deficit, the government plans to borrow Rs 6.72 trillion through treasury bills and bonds between February and April.

For February through April, Market Treasury Bills with maturities of three, six, and twelve months would be used for the majority of anticipated borrowing.

According to a schedule of the short-term paper auctions released by the central bank on Friday, the government would raise Rs5.700 trillion from these sales.

T-bills worth Rs5.707 trillion will maturity between February and April.
The government will be able to borrow Rs1.020 trillion through the issue of Pakistan Investment Bonds (PIBs) with fixed and adjustable rates.

The government already heavily relies on commercial banks to cover its borrowing requirements as a result of a lack of external financing.

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