The government has prepared a schedule to borrow more than Rs. 37 trillion from the banking sector over the next three months for repayment of loans and other expenses.
According to the SBP, the government has set a target of taking new loans of Rs 37.35 trillion from the money market over a period of three months to repay old loans and other expenses of 285 billion rupees more.
December until the end of February the 34 billion to 50 billion overall, the RS interior of the loans are to be returned, three months scheduled 28 billion bills auctioned at different time while the target to get Pakistan. A total target of Rs 935 billion has also been set for the sale of investment bonds.
During the new financial year, the government has adopted a policy of borrowing more long-term than short-term for budget expenditure.
Extracted from City42 News
