KARACHI: The government plans to raise Rs2.4 trillion in the next three months to pay back the domestic debt, including debt servicing, and meet the fiscal gap.

The State Bank of Pakistan (SBP) said on Thursday the government will raise the money mostly through the auction of market treasury bills.

The government will raise Rs2.25tr through treasury bills, which is higher than the maturing amount of the same instrument. An additional amount of Rs152 billion will be raised through treasury bills as the maturing amount is going to be Rs2.097tr.

The target for Pakistan Investment Bonds (PIBs) for the next three months has been set at Rs150bn. An additional amount of Rs59.4bn will be raised through PIBs as the maturing amount of this instrument is going to be Rs90.6bn.