Federal govt borrows Rs5.5trn from commercial banks in ten months

The federal government borrowed Rs5.5 trillion from commercial banks from July 1 to April 5, 2023-24, an increase from Rs2.95 billion in the corresponding period of the previous fiscal year, according to the State Bank of Pakistan (SBP). 

As per SBP data released on April 13, the government borrowed Rs657 billion in just the last week, bringing its total borrowing for the period to Rs5.5…