Islamabad-The federal government aims to collect 5.75 trillion rupee from local markets during the three-month period from May to July 2025 through the Treasury Bills in the Market (MTBS), Pakistani’s fixed investment bonds (PIBS), and PIBS spine, according to the evaluation of the lawsuit issued by Bakistan Bakistan (SBP).
According to the collapse, 2.6 trillion rupee is expected to be filled with MTBS in the short term, while 2.5 trillion rupees are targeted via the long-term PIBS-RS900 with a fixed rate and 1.6 trillion rupee of bonds with semi-annual floating rates.
To meet the MTB goal, SBP will have six auctions in a quarter. Two auctions for the month of May: one in the fourteenth with 850 billion rupees and the other on May 27, with the aim of 650 billion rupees. For the month of June, two other auctions will be held on June 11 and June 25, each targeting 500 billion rupees.
In the PIB category, bonds with a fixed rate will be released through three auctions of 300 billion rupees each. SBP recently reviewed the voucher rates of these tools, which greatly reduces them. The updated updated rates from January 16, 2025 show that the 3 years, 5 years and 10 years have a voucher of 12 %, compared to the previous 14 % of the bonds for 3, 5 years and 13 % for the 10 -year bonds, which were issued on September 20, 2024. In particular, the bonds for two years and 15 years currently.
For a floating rate PIBS, six auctions were planned, targeting 1.6 trillion rupee. These bonds, issued on April 17, carry a unified voucher rate of 11.923 % to join 2-, 3, 5, 10 and 15 years.
The broad local borrowing plan confirms the government’s dependence on local debt markets to bridge the financial gap and financing maturity obligations amid external financing and continuous discussions with the International Monetary Fund.
