Publication:
Pakistan : Issues Related to the Government Securities Market and Government Debt Management

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-03-12T13:48:32Z
dc.date.available2013-03-12T13:48:32Z
dc.date.issued2010-06-25
dc.description.abstractThe government of Pakistan borrows in the domestic market through a range of instruments, and this market is a critical source of funding for both shorter-term cash management and longer-term deficit-financing. The government has taken actions over the past 18 months that have enhanced the effectiveness of the market as a source of funding, as well as its efficiency. These include the movement toward more predictable, volume-based, market-determined pricing of government securities. Taking account of the dynamics of demand will be important as the government continues to develop its medium-term debt management strategy. Doing so will help identify potential constraints that may impede the implementation of the chosen strategy. Specific actions that the government is recommended to take include: a) reducing the number of tenors issued, b) consolidating the debt stock so as to improve liquidity in individual bonds, c) reducing time delays in auction processing, and d) developing and investor-relations function, with readily accessible information on the operation of the government securities market.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/06/16505296/pakistan-issues-related-government-securities-market-government-debt-management
dc.identifier.doi10.1596/12647
dc.identifier.urihttps://hdl.handle.net/10986/12647
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACTIVE TRADING
dc.subjectASSET ALLOCATION
dc.subjectASSET ALLOCATION STRATEGIES
dc.subjectASSET MANAGEMENT
dc.subjectASSET MANAGEMENT INDUSTRY
dc.subjectASSET PORTFOLIOS
dc.subjectASSETS
dc.subjectAUCTION
dc.subjectAUCTIONS
dc.subjectBANKING MARKET
dc.subjectBASIS POINTS
dc.subjectBENCHMARK
dc.subjectBENCHMARKS
dc.subjectBID
dc.subjectBIDDING
dc.subjectBIDS
dc.subjectBOND
dc.subjectBOND INDICES
dc.subjectBUY-BACKS
dc.subjectCAPITAL ACCOUNT
dc.subjectCASH FLOW
dc.subjectCASH MANAGEMENT
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITIES
dc.subjectCOMPULSORY INVESTMENT
dc.subjectCONFIDENTIALITY
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTRACTUAL SAVINGS
dc.subjectCONTRACTUAL SAVINGS INSTITUTIONS
dc.subjectCOUPONS
dc.subjectCREDIBILITY
dc.subjectCURRENCY
dc.subjectDEBT COMPOSITION
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT MANAGEMENT POLICY
dc.subjectDEBT MARKET DEVELOPMENT
dc.subjectDEBT POLICY
dc.subjectDEBT STOCK
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDISSEMINATION OF INFORMATION
dc.subjectDIVERSIFIED PORTFOLIOS
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC DEBT MARKET
dc.subjectDOMESTIC MARKET
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPOSURE
dc.subjectFINANCIAL MARKET
dc.subjectFISCAL POLICY
dc.subjectFOREIGN BANKS
dc.subjectFULL DISCLOSURE
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT FUNDING
dc.subjectGOVERNMENT SECURITIES
dc.subjectGOVERNMENT SECURITIES MARKET
dc.subjectHOLDINGS
dc.subjectINCOME
dc.subjectINCOME FROM GOVERNMENT SECURITIES
dc.subjectINDIVIDUAL BONDS
dc.subjectINFLATION
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTEREST RATES
dc.subjectINTEREST-RATE RISK
dc.subjectINTERNATIONAL RESERVES
dc.subjectINVENTORY
dc.subjectINVESTMENT PERFORMANCE
dc.subjectINVESTMENT REQUIREMENTS
dc.subjectINVESTOR PREFERENCES
dc.subjectISLAMIC BANK
dc.subjectISLAMIC BANKING
dc.subjectISLAMIC BANKS
dc.subjectISLAMIC SECURITIES
dc.subjectISSUANCE
dc.subjectISSUANCE OF GOVERNMENT SECURITIES
dc.subjectLIABILITY
dc.subjectLIABILITY MANAGEMENT
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLOCAL BANKS
dc.subjectLOCAL MARKET
dc.subjectLONG-TERM CAPITAL
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMANDATES
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET FRAGMENTATION
dc.subjectMARKET INFORMATION
dc.subjectMARKET INSTRUMENTS
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PLAYERS
dc.subjectMARKET SEGMENTS
dc.subjectMARKET SIZE
dc.subjectMARKET YIELDS
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMEDIUM-TERM SECURITIES
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMUTUAL FUNDS
dc.subjectNATIONAL BANK
dc.subjectNATIONAL INVESTMENT
dc.subjectNATIONAL INVESTMENT TRUST
dc.subjectNATIONAL SAVINGS
dc.subjectOUTSTANDING DEBT
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO CHOICE
dc.subjectPORTFOLIO MANAGEMENT
dc.subjectPORTFOLIOS
dc.subjectPRICE DISCOVERY
dc.subjectPRIMARY DEALER
dc.subjectPRIMARY DEALER SYSTEM
dc.subjectPRIMARY DEALERS
dc.subjectPRIMARY MARKET
dc.subjectPROSPECTUS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT MANAGEMENT
dc.subjectREDEMPTION
dc.subjectREDEMPTIONS
dc.subjectRELEVANT MARKET
dc.subjectREPO
dc.subjectREPO TRANSACTIONS
dc.subjectRESERVES
dc.subjectRETAIL
dc.subjectRETAIL DEBT
dc.subjectRETAIL DEPOSIT
dc.subjectRISK FACTORS
dc.subjectRISK MANAGEMENT
dc.subjectRISK PARAMETERS
dc.subjectSALES
dc.subjectSAVINGS BONDS
dc.subjectSECONDARY MARKET
dc.subjectSECONDARY MARKET TRADING
dc.subjectSECONDARY MARKETS
dc.subjectSECONDARY TRADING
dc.subjectSECURITIES ISSUANCE
dc.subjectSHORT-TERM PAPER
dc.subjectSHORT-TERM SECURITIES
dc.subjectSOVEREIGN RISK
dc.subjectSPREAD
dc.subjectSTATE BANK
dc.subjectSTATE BANK OF PAKISTAN
dc.subjectSTATUTORY LIQUIDITY
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCKS
dc.subjectSUBSIDIARY
dc.subjectSUKUK
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectTAX LIABILITY
dc.subjectTAXATION
dc.subjectTRADES
dc.subjectTRADING ACTIVITY
dc.subjectTRADING VOLUMES
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTURNOVER
dc.subjectTURNOVER RATIO
dc.subjectTURNOVER RATIOS
dc.subjectUNDERLYING ASSET
dc.subjectVOLATILITY
dc.subjectWHOLESALE SECURITIES
dc.subjectWITHHOLDING TAX
dc.subjectYIELD CURVE
dc.titlePakistan : Issues Related to the Government Securities Market and Government Debt Managementen
dspace.entity.typePublication
okr.date.disclosure2012-07-16
okr.date.doiregistration2025-05-07T11:36:58.875145Z
okr.doctypeEconomic & Sector Work::Policy Note
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2010/06/16505296/pakistan-issues-related-government-securities-market-government-debt-management
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid561681468283496171
okr.identifier.externaldocumentum000356161_20120716013817
okr.identifier.internaldocumentum16505296
okr.identifier.report70897
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/07/16/000356161_20120716013817/Rendered/PDF/708970ESW0P1160gement00280jun020100.pdfen
okr.region.administrativeSouth Asia
okr.region.countryPakistan
okr.sectorPublic Administration, Law, and Justice :: Central government administration
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.topicFinance and Financial Sector Development::Mutual Funds
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.unitEcon. Policy & Poverty Sector (SASEP)
okr.volume1 of 1
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