Karachi: Following is the
Government borrowing on the higher side in 5MFY12 – Alfalah Securities Limited
Karachi: Government borrowing witnessed a surge of 105% to PKR 707.776bn during July 1 to November 18, 2011 to finance the fiscal deficit even though the govt. has managed to collect revenue of PKR 640 bn, up by 28% during 5MFY12.
According to Alfalah Securities Limited, Major borrowing was made from scheduled banks, while borrowing from the State Bank witnessed a declining trend. SBP borrowing stood at PKR 61.62 bn as on November 18, 2011 compared with Rs 265.52 billion in corresponding period of last fiscal year. Similarly, borrowing from scheduled banks stood at PKR 646.15 bn from 79.32 billion last year.