Government borrowing increases five times

KARACHI: The government borrowed almost five times more from banks in the first seven months of FY26 than in the same period last year, reflecting growing spending despite higher revenue collections. The government’s appetite for more bank money has shot up, leaving little room for the private sector to borrow. The private sector is not performing well enough to spur economic growth, given persistent tight monetary policy despite low inflation. The data issued by the State Bank showed that th...

By none@none.com (Shahid Iqbal)