Public Administration News
Share
 |
Pakistan: Govt Borrows Rs.51bn in 6 Days from SBP |
| Source: |
thenews.com.pk |
| Source Date: |
Saturday, July 21, 2012 |
| Focus: |
Knowledge Management in Government
|
| Country: |
Pakistan |
| Created: |
Jul 23, 2012 |
|
KARACHI: The government has borrowed Rs51 billion in six days from the State Bank of Pakistan, Geo News reported.
The central bank has issued new statistics of borrowings of the government, according to which the government has borrowed Rs51 billion only in 6 days in the current fiscal year.
This means that the government is borrowing Rs8.5 billion per day from the State Bank.
According to the statistics, the government borrowed Rs44.72 billion to over come budget deficit. The provincial governments had a loan of Rs3.54 billion while Rs6.39 billion were borrowed for the purchase of commodities.
In the previous fiscal year ended June 30, the government's total borrowing from the central bank had reached Rs1200 billion.
|
|
|
|
|
|
 Tag This |
Pakistan: Govt Borrows Rs.51bn in 6 Days from SBP The government has borrowed Rs51 billion in six days from the State Bank of Pakistan Geo News reported The central bank has issued new statistics of borrowings of the government according to which the government has borrowed Rs51 billion only in 6 days in the current fiscal year
 Tell A Friend |
|
 del.icio.us digg this Slashdot |
| Comments: |
0 |
Favorited: |
0 |
Bookmarked: |
0 |
Tagged: |
0 |
|
|
|
|