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 … Read more