Karachi, March 12, 2024 – Recent data released by the State Bank of Pakistan (SBP) on Tuesday reveals a staggering 104 percent surge in government bank borrowing, reaching Rs 4.13 trillion during the first eight months (July – February) of the fiscal year.
Karachi, September 20, 2023 – Pakistan’s private sector has exhibited a distinct preference for debt retirement over taking on new bank loans for business activities.
KARACHI: The federal government has borrowed Rs2,413 billion from commercial banks during fiscal year 2019/2020 as against retirement of Rs771.6 billion in the preceding fiscal year, according to statistics released by State Bank of Pakistan (SBP) on Monday.
ISLAMABAD: Prime Minister Imran Khan on Tuesday constituted a commission to probe the unprecedented borrowing of Rs 24 trillion during past ten years and to set an example for those who looted the country. In a nationwide televised address, hours after the announcement of the national budget Prime Minister Imran Khan said, “Pakistan today was […]
ISLAMABAD: Finance Minister Asad Umar on Wednesday said that if the government introduces any tax amnesty scheme then it will not applicable for public office holders.