The federal govt. has borrowed over PKR 1Tn for budgetary support from scheduled banks during 1st Jul’20 to 19th Feb’21 against PKR 861Bn in the same period last year to finance the fiscal deficit. The country’s fiscal deficit stood at PKR 1.138Tn and as percentage of GDP, it stood at 2.5% in 1HFY21. However, the federal govt. borrowing for budgetary support from the SBP remained negative due to massive repayments, the federal govt. retired some PKR 473Bn to the SBP.
3/3/2021