[Dawn 14, April 2019]

KARACHI: Despite being overburdened with huge external and domestic debts, the government during the first nine months of the current fiscal year borrowed Rs303 billion for public sector entities (PSEs) up by 81 per cent from the R167bn borrowed for the same purpose during the same period last year.

The figures released by the State Bank of Pakistan (SBP) on Saturday showed the government’s borrowing in the first nine months of the ongoing fiscal year has crossed the cumulative borrowings of Rs245bn in the last fiscal year.