AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

KARACHI: The federal government has planned to borrow Rs 11.09 trillion from the domestic banking system during the next three months (August-October) of FY24.

The federal government will raise this amount through the auction for security papers including long-term Pakistan Investment Bonds (PIBs) Fixed Rate, PIBs Floating Rate, GoP Ijara Sukuk Fixed Rental Rate (FRR) and short-term Government of Pakistan Market Treasury Bills (MTBs).

According to auction calendar, issued by the State Bank of Pakistan (SBP) most of the amount will be borrowed through sale of short-term government papers. The federal government is to raise some Rs 8.25 trillion through auction of MTBs during Aug-Oct of 2024 as against the maturing amount of Rs 8.905 trillion.

Budgetary support: Govt borrows Rs500bn from banks in 2 weeks: SBP

Cumulatively, some six auctions of MTBs have been planned in the next three months by the SBP to meet the financing target. An amount of Rs 2.7 trillion will be raised in August, Rs 4.2 trillion in Sep and Rs 1.35 trillion in Oct 2023 through sale of short term government papers.

In addition, the federal government would borrow Rs 2 trillion against sale of long term security papers during the next three months. This include Rs 480 billion through sale of PIBs Fixed Rate, Rs 640 billion PIBs Floating Rate Semi-Annual Auction and an amount of Rs 880 billion through sale of 2-year and 3-year PIB (Floating Rate) Quarterly Auction.

Similarly, according to auction calendar the federal government will raised Rs 510 billion against sale of Government of Pakistan Ijara Sukuk Variable Rental Rate (VRR) and auction target for the sale of GOP Ijara Sukuk Fixed Rental Rate (FRR) is Rs 330 billion.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Adnan Aziz Aug 08, 2023 07:10am
ہم ہیں متاع کوچہ و بازار کی طرح اٹھتی ہے ہر نگاہ خریدار کی طرح Majrooh Sultanpuri Lata Mangeshkar: Film Dastak
thumb_up Recommended (0)
Tulukan Mairandi Aug 08, 2023 12:22pm
All funds for private business capital growth is dried up by govt loans
thumb_up Recommended (0)
Shahid Khan Aug 08, 2023 04:25pm
What a future planning. Alas no one cares about the poor
thumb_up Recommended (0)