Govt to raise Rs4.8tr via T-bills, bonds auction
The government plans to borrow approximately Rs4.8 trillion through banks and capital markets during the September-November period to meet its financing needs, amid rising fiscal pressures and the economic impact of recent floods. According to data released by the State Bank, the borrowing includes Rs2.875tr through Treasury Bills and Rs2tr through Pakistan Investment Bonds (PIBs). Of the PIB target, Rs1.2tr will be raised through fixed-rate bonds and Rs750bn via floating-rate instruments. The T-bill auction schedule indicates the government aims to raise Rs900bn through 12-month bills and Rs750bn each from six- and three-month papers. An additional Rs475bn will be generated through one-month T-bills. In addition to bank borrowing, the government has increasingly tapped the capital market. On August 17, it raised Rs119bn by auctioning one- to five-year sukuk through the PSX. Earlier, it raised Rs2tr through Sukuk and Rs1.4tr via PIBs at the PSX on December 5, 2024.