In a strategic move to bolster its financial position, the government is set to secure Rs11.04 trillion from the domestic debt market during the upcoming quarter.
These funds are earmarked to bridge the budget deficit and support critical expenditures.
Market Treasury Bills, with varying maturities of three, six, and twelve months, will be the primary vehicle for raising Rs8.7 trillion, as outlined in the State Bank of Pakistan's auction calendar.
Furthermore, Rs2.16 trillion will be borrowed through Pakistan Investment Bonds (PIBs), while fixed-rate Government of Pakistan Ijara Sukuk and variable rental rate mechanisms will yield Rs60 billion and Rs120 billion, respectively.
Although the government's borrowing target mirrors the previous quarter's, analysts anticipate improved foreign currency inflows for FY23/24, potentially alleviating the pressure on domestic borrowing.
As the government takes proactive measures, economic revival prospects are on the horizon, with an IMF review and significant inflows expected in the near future.
