Government announces soft launch of T-bills,Investment Bonds on Jan 31
ISLAMABAD: The government has announced the soft launch of government papers on the three stock exchanges from January 31 in order to check the automated trading system and to identify technical issues, ARY News reported.
The formal trading of three types of government securities treasury bills (T-bills), Pakistan Investment Bonds (PIBs) and GoP Sukuk is expected sometime between February 7 and 11 after the Finance Minister Ishaq Dar’s meeting with International Monetary Fund (IMF), expected in Dubai to review the implementation of International Monetary Fund’s (IMF) programme Dubai between January 31-February 8 or February 1-8.
The decision regarding the launch of government papers has been taken during the meeting presided over Finance Minister Ishaq Dar on Monday and attended by top brass of the Securities and Exchange Commission of Pakistan (SECP), State Bank of Pakistan, Chairman and managing director of Karachi Stock Exchange.
The Minster termed it as the initial step to increase investor’s base in the country and also a profitable and secure mean of investment for common masses.