The government plans to borrow 56 trillion rupees for the current three months

ISLAMABAD (Daily Pakistan Online) The government has planned to borrow 56 trillion rupees from banks for August, October, which shows the severity of liquidity despite presenting a large revenue collection target for the current financial year
According to the Dawn newspaper report, the State Bank has charged the government’s plan to raise 56 trillion rupees through the auction of treasury bonds and investment bonds in Pakistan over three months, while the government raised 34.35 trillion rupees in treasury bonds and 21.6 trillion rupees. Pakistan’s government debt has risen alarmingly over the past five years, wiping out most of the revenue generated in the economy. The budget of 25 2024, the government took a record loan of 85 trillion rupees from banks, practically leaving the private sector, which affected economic growth
The government will borrow 11 trillion rupees from Pakistan Investment Bonds for five years from August to October and 10.4 trillion rupees for 10 years According to the auction schedule, the debt will be the highest on October 16 because the government will borrow 800 billion rupees. the treasury will be sold, while in the next auction on October 30, the government will collect 750 billion rupees, that is, in 15 days, the government will collect 1550 billion rupees.
According to the budget of the current financial year, 10.38 billion rupees were added for foreign loans and 887.3 billion rupees for domestic loans.