Domestic debt servicing jumps to nearly Rs7 trillion as years of heavy government borrowing deliver another record payday for banks
(more…)Tag: government borrowing
Learn what government borrowing is, how it works, and its impact on the economy, inflation, and public debt in simple terms.
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Government borrowing from banks reaches Rs3.45 trillion in 10MFY26
Government borrowing rises sharply in FY26
State Bank of Pakistan on Monday reported that government borrowing from commercial banks surged to Rs3.45 trillion during the first 10 months (July-April) of fiscal year 2025-26.
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Government bank borrowing surges 61% in 9MFY26, SBP data shows
The federal government’s borrowing from commercial banks surged by 61% during the first nine months of fiscal year 2025-26, highlighting growing reliance on domestic financing, according to data released by the State Bank of Pakistan (SBP).
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Govt eyes Rs5.57 trillion borrowing via Q1 auctions
Karachi, July 8, 2025 – The federal government is set to raise a record Rs5.57 trillion through borrowing via auctions of government securities during the first quarter (July–September) of the fiscal year 2025-26, as part of its ongoing efforts to manage the budget deficit and fund public expenditure.
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Bank Borrowing: Government Retires Rs 2.42 Trillion in 1HFY25
Karachi, January 14, 2025 – The government has retired a substantial Rs 2.42 trillion in bank borrowing during the first half of the fiscal year 2024-25 (July–December). The data, released by the State Bank of Pakistan (SBP) on Tuesday, highlights the government’s efforts to manage and reduce its reliance on borrowing.
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Government Borrowing Plummets 58% in Initial Months of FY25
Karachi, September 11, 2024 – In a striking development, the federal government’s borrowing from scheduled banks for budgetary support nosedived by 58 percent during the first two months of fiscal year 2025 (FY25), signaling a significant shift in fiscal management compared to the same period last year.
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Government Borrowing from Banks Nears Rs 7 Trillion Mark
PkRevenue.com – Government borrowing from banks in Pakistan has surged to unprecedented levels, nearing a staggering Rs 7 trillion. Data from the State Bank of Pakistan (SBP) revealed that between July 1, 2023, and May 17, 2024, the federal government borrowed Rs 6.795 trillion.
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Pakistan Borrows Record Rs 6 Trillion from Commercial Banks
KARACHI, May 9, 2024 – Pakistan has set a new record in domestic borrowing, securing approximately Rs 6 trillion from commercial banks during the first ten months of fiscal year 2023-24, primarily to finance its burgeoning budget deficit.
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Record Govt Borrowing Highlights Pakistan’s Economic Challenges
In a striking development for Pakistan’s economy, government borrowing has hit an unprecedented high of Rs 5.301 trillion for the fiscal period from July 1, 2023, to April 12, 2024.
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Govt Borrowing Skyrockets by 138% to Rs 4.84 Trillion in 9MFY24
Karachi, April 11, 2024 – Official data reveals a staggering surge in government borrowing from the banking system, soaring to Rs 4.84 trillion during the initial nine months (July – March) of the fiscal year 2023-24.
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