SBP plans to auction Rs.2.90 trillion in short term MTB
KARACHI (City News) – The State Bank of Pakistan (SBP) plans to auction Rs2.90 trillion in short term Market Treasury Bills (MTB).
As per details, the SBP announced the auction calendar for Jan – Mar 2021. The central bank wants to raise Rs1,050bn for three months, Rs975bn for six months and Rs875bn for 12 months.
According to analysts, government is taking more loans for payments of previous debts; however, authorities need to make rapid progress in economic field to get rid of these bonds for good.