Updated on
Summary
The Punjab Governments financial situation has been worsened and the State Bank of Pakistan refusing to give more cash wrote a letter of displeasure. The Punjab government has asked for financial help from the federal government. In a letter, SBP has refused to give more money to the Punjab government after an overdraft of Rs 30 billion. The Punjab government has taken loans of Rs 50 billion from banks. Punjab government has stopped provision of funds for development projects. Ramdan Package and Sasti Roti Scheme are blamed for the financial crunch.
