Govt to raise Rs. 3, 620 billion through auction of bonds

Image

KARACHI: The State Bank of Pakistan reported that in 2021, during January to March the government will raise Rs. 3, 620 billion through auction of bonds.

As per details, the government will raise the highest amount of Rs2, 900 billion through auction of market treasury bills.

Government will raise Rs. 1, 050, Rs. 975, Rs. 875 billion for three, six and 12 months respectively.

At the same time, the government will raise Rs.270 billion through Pakistan Investment Bonds (PIBs) at floating rate and Rs300 billion at fixed rate.

State Bank announced that the government would sell Ijara sukuk for 5 years for a total amount of Rs150 billion. Hence, Islamic banks will also get chance to invest in the government papers.

You May Also Like

Image

Ali Abbas diagnosed with COVID-19

KARACHI: Pakistan’s acclaimed actor, Ali Abbas has

Image

Shaniera gives a cheeky reply to fan who asked a question about Wasim Akram

KARACHI: Social activist and wife of former cricketer

Image

Quaid-e-Azam Inter-division Hockey Championship 2021 Day-2

LAHORE: In the second day of the first Quaid-e-Azam