Tuesday, October 15, 2019
News

Imran Khan govt breaks record in borrowing money

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Islamabad | Wednesday, 2019 6:45:06 AM IST
Pakistan's ruling Imran Khan government has broken all previous records in borrowing money merely in the first year of its tenure. According to the official data, during the one-year regime of the present government Rs 7,509 billion (Pakistani currency) increase was recorded in the total debt of the country.

A report in the Pakistani media, citing sources, said the State Bank of Pakistan has sent this borrowing data to the Prime Minister's Office.

Between August 2018 and August 2019, the government has borrowed Rs 2,804 billion from foreign sources and Rs 4,705 billion from domestic sources, the report said.

According to the State Bank data, a 1.43 per cent surge was noticed in the public debt of Pakistan in merely first two months of the current fiscal year. The debt of the federal government has reached to Rs 32,240 billion that was Rs 24,732 billion in August last year.

The government's tax collection in the first quarter of the current fiscal was Rs 960 billion while the target was Rs 1 trillion, the report said.

--IANS hindi-rs

( 190 Words)

2019-10-09-00:32:04 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE ASIA NEWS
Modi to open Kartarpur Sahib corridor in...
5.8-magnitude quake jolts Pakistan...
Lion unleashed on man for demanding wage...
Pakistani ulemas meet Qureshi over Qadia...
...
Pak model disappears in UK after 'slaver...
More...
 
INDIA WORLD ASIA
Telangana: Three members appointed to Te...
SC seeks status report on stubble burnin...
US Navy submarine support ship arrives i...
UP govt suspends Maharajganj DM, five ot...
Delhi cabinet nod for new skill, entrepr...
Ex-chief engineer arrested in Tripura PW...
More...    
 
 Top Stories
Maha polls: Rahul to hold two publi... 
Miranda Lambert posts adorable birt... 
Heavy rain predicted in Kerala, Kar... 
Devastating fire breaks out at plas... 
Zoe Kravitz roped in to play Catwom... 
Turkish troops advance towards Manb... 
CA to match prize money for women's... 
Phil Simmons appointed the head coa...