Pakistan's Caretaker Govt Makes Record Borrowing From Banks | Dawn News English

The caretaker government of Prime Minister Anwaarul Haq Kakar has made a record borrowing of almost Rs4 trillion from banks so far.

The economy, already crushed under a huge debt burden, may witness an unprecedented increase in borrowings at the end of 2023-24 on June 30 as the amount has already surpassed the total borrowed in the entire FY23.

The State Bank of Pakistan’s data showed that the government borrowed Rs3.99tr from July 1 to Jan 19, 2023-24 against Rs1.398tr in the same period last year, reflecting an increase of 185 per cent.

Full Story: https://www.dawn.com/news/1811515/car...
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