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Government borrows Rs1.8trn from banks in July-April


Business
April 23, 2021
KARACHI: The government borrowing from the banking sector rose 1.78 percent in more than nine months of this fiscal year mainly due to the financing of the budget deficit.
The government borrowed Rs1.821 trillion from commercial banks during July to April 9 of FY2021, compared with Rs1.789 trillion in the corresponding period of last fiscal year, according to latest figures on monetary aggregates from the State Bank of Pakistan.
The government borrowing from banks remained higher since last fiscal year owing to the huge spending to fight the coronavirus pandemic.
The closure of the central bank’s window for the government borrowing under the International Monetary Fund loan program also led to the rise in borrowing from the banking sector. ....

International Monetary Fund , World Bank , State Bank , Pakistan Investment Bonds , சர்வதேச பண நிதி , உலகம் வங்கி , நிலை வங்கி , பாக்கிஸ்தான் முதலீடு பத்திரங்கள் , கடன் வாங்குகிறது ,

Construction sector borrows Rs88bln in Jul-Dec


Business
February 14, 2021
KARACHI: Construction sector borrowed Rs88 billion from banking institutions during the first half of the current fiscal year of 2020/21, showing 44 percent growth over the preceding same period, as the tax incentives and lower interest rate encouraged participation in real estate, analysts said on Saturday.
Companies attached to residential sector borrowed Rs41 billion in the six months ended December 31, 2020 compared to Rs29 billion, showing 41 percent growth, the analysts said, citing the central bank’s data. Borrowing for non-residential sector showed a rise of 51 percent to Rs47 billion.
Topline Securities Deputy Head of Research Shankar Talreja said the borrowing of the construction sector is likely to gain more momentum going forward due to increase in economic activity and subsidised markup scheme of the State Bank of Pakistan (SBP). ....

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