KARACHI: The government will collect Rs3,620 billion by auctioning bonds between January and March of this fiscal year, the State Bank declared on Monday.
The data revealed that the government would collect the largest sum of Rs2,900bn by auction of market treasury bills. Rs1,050bn for three months, Rs975bn for six months and Rs875bn for 12 months will be raised.
At the same time, the government will collect Rs270bn at the floating rate and Rs300bn at the fixed rate by Pakistan Investment Bonds (PIBs).
As the State Bank declared that the government will sell Ijara sukuk for a cumulative sum of Rs150bn for 5 years, Islamic banks would also have the ability to invest in government documents.