KARACHI: The government will raise about Rs3.58 trillion through auctions of treasury bills, Pakistan Investment Bonds (PIBs ) and Ijrara sukuk till mid November this year.

The State Bank of Pakistan on Tuesday announced that the government will raise Rs2,350 billion through T-bills auction up to Nov 18. This is against the maturing amount of Rs3,115bn which means it would raise Rs765bn less than the maturing amount.

Similarly, it will raise Rs420bn on fixed rate through auction of PIBs and Rs660bn on floating rate till Nov 4.

Also Rs105bn will be raised through auction of sukuk and Rs45bn through 5-year sukuk on fixed rate.

Published in Dawn, September 9th, 2020