The government again went beyond its target to borrow through Pakistan Investment Bonds (PIB) mounting debt close to Rs1 trillion in one month.
The State Bank reported on Wednesday that the government raised Rs425 billion through auction of PIBs while the target was just Rs100bn.
The government has been amassing huge amount through PIBs and Sukuk bonds to meet its requirements. The investors also find it attractive to invest for long term in the wake of inching up of inflation that could possibly cut interest rate in future.
