KARACHI: The government will raise Rs2.64 trillion through treasury bills and Pakistan Investment Bonds (PIBs) during the May-July period.

The State Bank of Pakistan (SBP) released the auction calendar on Wednesday showing that the government would raise Rs2.275tr through T-bills during the three months. The maturity of T-bills in the same period would be Rs1.812tr.

The government would raise Rs925bn for 12-month compared to Rs600bn for 3-month.

It would also borrow Rs375bn through PIBs during the May-July period.

Published in Dawn, May 14th, 2020