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.
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.
The State Bank of Pakistan (SBP) has revealed an ambitious plan for government borrowing from banks, aiming to secure approximately Rs 5 trillion during the last quarter of the fiscal year 2023-24.
Karachi, April 2, 2024 – Official data released on Tuesday revealed a startling surge in government bank borrowing for budgetary support, reaching a staggering Rs 4.69 trillion during the period spanning from July 1, 2023, to March 22, 2024.
Karachi, February 28, 2024 – Alarming figures released by the State Bank of Pakistan (SBP) reveal that the government’s bank borrowing has surged beyond Rs 4 trillion by mid-February of the current fiscal year.
Karachi, January 11, 2024 – The federal government has borrowed an unprecedented Rs 4.28 trillion during the first half (July – December) of the current fiscal year 2023-24, marking a substantial surge compared to the corresponding period last year.
Karachi, December 7, 2023 – The government’s borrowing from banks has witnessed a substantial increase, surging by 154 percent during the first four months of the current fiscal year.
Karachi, September 13, 2023 – Government borrowing from banks has seen a substantial surge of 72 percent during the initial two months of the fiscal year 2023-24, as revealed by official data released on Tuesday.
State Bank of Pakistan
KARACHI: The federal government has borrowed an amount of Rs1.96 trillion from commercial banks during first eight months (July – March) 2022-2023 for budgetary support, State Bank of Pakistan (SBP) said on Thursday.
KARACHI: The government borrowing from commercial banks has sharply increased by 26 percent during first seven months of the current fiscal year mainly due to financing the ballooning budget deficit. The government borrowing from commercial banks increased to Rs906.54 billion during first seven months (July – January) of 2020/2021 as compared with Rs720.68 billion in […]