Govt. borrowing surges to PKR 770billion in 7MFY13 – Alfalah Securities Limited

Karachi, January 23, 2013 (PPI-OT): State Bank of Pakistan (SBP) has reported that public sector borrowing from commercial banks between July 2012 and January 2013 has surged to PKR 770billion as against PKR 627billion a year ago.

According to Alfalah Securities Limited, the net government borrowing only from banks amounted to PKR 762billion during July 1, 2012 to January 11, 2013 as against the borrowing of PKR 634billion last year which would result in higher budget deficit.

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