SBP targets to raise around Rs5tr: Auction Calendar Sep 26-Nov 26

Mettis Global reported that the government is seeking to raise Rs5 trillion between September and November 2026 through auctions of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs), based on auction timetables published by the State Bank of Pakistan (SBP). Of the total, Rs3.85 trillion is to come from MTBs across seven auctions, while Rs1.15 trillion is targeted through fixed rate PIBs. No floating rate PIB auctions are scheduled during the quarter.

September has three MTB auctions, on the 2nd with a Rs800 billion target, on the 16th with Rs150 billion and on the 30th with Rs700 billion. October's two sessions target Rs700 billion on the 14th and Rs900 billion on the 28th, and November's pair falls on the 11th with Rs400 billion and the 25th with Rs200 billion. Bills worth Rs4.79 trillion mature in the period, and provincial governments, holding Rs1.35 trillion of them, are expected to invest Rs275 billion in the MTB auctions.

On the bond side, SBP has set fixed rate PIB auctions for September 18 with Rs250 billion, October 7 with Rs450 billion and November 4 with Rs450 billion. Bonds span two to 15-year tenors, with Rs50 billion per tenor in September and Rs100 billion per tenor in October and November, except the 15-year tenor at Rs50 billion.