State Bank of Pakistan (SBP) aaj apna pehla Market Treasury Bills (MTB) repurchase auction kar raha hai, jis ka maqsad December 2024 tak Rs. 500 billion kharidna hai. Yeh auction Government ke liye aik aham qadam hai, jo October 2021 ke baad hai, aur yeh SBP ke record munafe Rs. 3.4 trillion ka natija hai jo fiscal year 2023-24 ke liye hasil hua.
Key Reasons
Debt Reduction Strategy: SBP ke munafe ne sarkar ko high-interest karzon ko kam darajat par kharidne ka mauqa diya, jis se uski maali surat-e-haal behtar hui.
Declining Yields: T-bill aur bond ki yields mein recent girawat yeh dikhati hai ke interest rates kam ho rahe hain, jo money market mein liquidity barhawa de sakti hai.
InvestorConfidence: Kam yields aur behtar liquidity private-sector investment ko barhawa dene aur ma’ashi growth ko faida pohanchane mein madad kar sakti hai.
Result:
SBP ka pehla MTB repurchase auction liquidity barhane aur Government debt ko behtar karne ke liye hai. Yeh auction maujooda market halaat ko dekhte hue kiya ja raha hai. Yeh initiative ma’ashi growth aur investor ka aitbaar barhane ki potential rakhta hai. Lekin, low advances-to-deposits ratio jese challenges private-sector lending ko rok sakte hain.
Aakhir mein, yeh qadam effective fiscal management aur ma’ashi stability ke liye aik proactive strategy hai.
