government borrowing

Pakistan Hits New High With PKR 3.2 Trillion Borrowing In 45 Days As Economic Crisis Deepens

Between May 15 and June 28 of the fiscal year 2023-24, the Pakistani government borrowed approximately PKR 3.2 trillion from scheduled banks, which averages out to about PKR 71.8 billion per day, according to Dawn. Government’s Increased Borrowing Despite Higher Revenue This substantial borrowing comes despite a 30 percent increase...