KARACHI: The government will borrow Rs1.245 trillion through the sale of market treasury bills in the second quarter (Oct-Dec) of the current fiscal year.

According to borrowing plan released by the State Bank of Pakistan (SBP) on Wednesday, the government will borrow Rs150 billion through Pakistan Investment Bonds (PIBs).

The T-bills calendar showed that during the quarter under review, maturity amount of T-bills would be Rs1.011tr. In addition to this maturity amount the government would borrow Rs233bn.

The maturity amount of PIBs during the same quarter will be just Rs5.7bn, but the government would borrow Rs150bn. It means the government will borrow additional Rs144bn which will add more weight to domestic debt.

Published in Dawn, October 2nd , 2014