Govt to borrow Rs3.88tr from banks in Q1 2024 to address budget deficit

The government plans to secure Rs3.88 trillion from banks through treasury bills and conventional bonds in the first quarter of 2024 to address its budget deficit, as disclosed by the State Bank of Pakistan on Thursday.

As per the central bank’s auction calendar, the government aims to raise Rs2.250 trillion through long-term paper auctions. Additionally, it intends to secure Rs1.630…