According to a notification released by the Ministry of Finance’s Debt Management Office (DMO), the “scope (of Government Securities Buyback & Exchange Programme) has been enhanced from existing “Buyback Programme” to “Buyback & Exchange Programme” as per International best practices” with the consent of the relevant authority.
Several maturities were coming due in December of this year, according to informed sources, and the move would enable the government to exchange or buy back between Rs. 300 and Rs. 500 billion worth of these assets, relieving some of the financing burden.
After making a windfall profit of around Rs3.4 trillion in 2023–2024, the State Bank of Pakistan (SBP) must give the federal government 80 percent of that amount, or approximately Rs2.7 trillion.
