Thursday, October 22, 2009
Govt borrows Rs33 bln to cover budget deficit
2:03 PM | 
Posted by
Unknown
KARACHI: Government has acquired a fresh loan worth of Rs33 billion from the banking system to cover budget deficit during one week.According to State Bank of Pakistan (SBP) report, the volume of government-acquired loans from the SBP has risen to Rs77 billion by October 10th – which was Rs44 billion by October 3rd.
Government borrowed a fresh loan of Rs37 billion from the SBP mounting the total volume of loans acquired from the central bank to Rs36 billion in minus; whereas Rs3 billion were paid-off to the commercial banks during the same period.
Meanwhile, the government avoided borrowing further from the private banks and Rs18 billion were liquidated, sources said.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment