A recent report from the State Bank of Pakistan reveals a remarkable surge in the Federal Government’s local and foreign loans, with an increase of 29% observed in just one day between August 22 and August 23.
The data indicates a substantial rise of PKR 14,394 billion in the government’s total local and foreign loans during this brief period. The outstanding loans catapulted from PKR 49,572 billion on August 22 to an unprecedented figure, surpassing PKR 63,966 billion by August 23.
The month-over-month analysis reveals a notable escalation of PKR 2,218 billion in the government’s local and foreign loans, with the outstanding loans standing at PKR 61,748 billion on July 23.
In specific categories, local loans experienced a substantial surge, marking a record increase of PKR 7,639 billion in just one year, reaching PKR 39,792 billion from August 22 to August 23. This represents a notable 24% increase in local loans during this period.
Simultaneously, foreign loans witnessed a remarkable 39% spike, indicating a record increase of PKR 6,756 billion in one year, reaching the total of PKR 24,174 billion by August 23.
The State Bank report underscores the dynamic nature of the government’s financial landscape, highlighting the challenges and opportunities in managing and sustaining the country’s economic stability amidst changing circumstances.
