Govt got loans worth Rs 4.67 trillion from banks

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Govt got loans worth Rs 4.67 trillion from banks

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Govt got loans worth Rs 4.67 trillion from banking sector from Oct 28 to Nov 4.

17 November,2011 08:25 pm

According to figures issued by the State Bank of Pakistan, the government got loans worth Rs 7.95 trillion from banking sector within 137 days out of which Rs 95 billion were taken from the central bank while Rs 6.12 billion from commercial banks.The currency in circulation has crossed Rs 1.83 trillion marks, with a raise of 101%.Out of the taken loan, Rs 4.41 trillion have been taken for budget support. During current fiscal year, Rs 7.4 trillion have been taken as budget support.