July 3, 2021 KARACHI: The government has targeted a borrowing of Rs5.725 trillion from domestic market by selling debt securities in first quarter of FY2022 to finance budget deficit, central bank’s auction calendar showed on Friday. Between July and September, the government will raise Rs4.750 trillion from the auctions of Market Treasury Bills (MTBs), while it also aims to draw Rs975 billion through the sale of Pakistan Investment Bonds (PIBs). The State Bank of Pakistan (SBP) would sell Rs450 billion worth of three-, five- 10-, 15-, 20-, and 30-year fixed-rate PIBs and Rs210 billion worth of five, and Rs210 billion worth of three-year floating rate PIBs. It would also auction Rs105 billion worth of a two-year floating rate PIB. The latest auction calendar shows the government wants to attract more funds from PIBs sales but it has not increased the targeted amount to be generated through the auctions of T-bills.