Another Patwaris Qarza Bomb : Govt plans to borrow 1.5trillion in 3 months

Pak1stani

Prime Minister (20k+ posts)
Govt plans to borrow Rs1.5tr

KARACHI: The government intends to borrow over Rs1.5 trillion between August and October, and most of the money would be borrowed through banking system.

The State Bank issued the auction calendar of Pakistan Investment Bonds (PIBs) and Market Treasury Bills on Tuesday. An amount of Rs1.425tr will be borrowed through T-bills auction. In addition to Rs1.207tr maturity amount of the T-bills, the government plans to borrow Rs217 billion from PIBs.

The government has reduced reliance on PIBs and now T-bills are being used for borrowing. The shift occurred during the last three months since growth in domestic debt servicing increased by 13.3pc mainly because of high-yield PIBs.

Therecentfallininterestratesreducedthereturnon PIBs, thus these bonds were no more attractive for banks. The coupon rate on three-year PIBs was cut to 8.75pc.Forhve-yearPIBs,the ratefellto 9.25pcandfor 10-year, the rate fell to 9.75pc.

The government will borrow Rs150bn through PIBs in the next three months. Their maturity amount is about Rs50.8bn which means that the government will borrow an additional Rs99hn.

Most of the investment in government papers is being made by banl(s, which was not allowing the private sector to benefit from the banking money. This was evident from the fact that despite 300 basis cut in the interest rate during FY 15, the private sector credit off-take fell further, compared to the previous year.

Although, the government decided to keep the fiscal deficit around 4pc of GDP in this fiscal year, borrowing in the beginning of the fiscal year shows the task would be difficult as fiscal gap in the fiscal year could not be curtailed.

http://epaper.dawn.com/DetailImage.php?StoryImage=05_08_2015_010_003

 

Raiwind-Destroyer

Chief Minister (5k+ posts)
images
 

Onlypakistan

Chief Minister (5k+ posts)
Zardari or patwarion ne qaraz ley ker phir is ko ziada ter apni corruption ke leye istamal kia phir yaeyi passa

bahir apne accounnts mae muntaqal ker dia.pakistan in ki waja se aj is halat me ha k hum koi bada faesla apni marzi

se nai ker saktey
 

amir_ali

Chief Minister (5k+ posts)
Bhasha Dam estimated cost is $14 Billion, will the real doodle please tell how else the gov is supposed to generate funds for project like these.
 

Sachbolo

Senator (1k+ posts)
Aab to Fauj kuch karay in bagharton ka Khilaf yeah is mulk ko bilkul dubo daingay aur kitnay karnamay dakhne hain in luteron kay.
 

رحیم انصاری

Politcal Worker (100+ posts)

تو شاہیں ہے بسیرا کر اندھیروں میں اجالوں میں
میں باوا ہوں پڑا ہوں گا شہر کے گندے نالوں میں


اس لازاوال شعر کے خالق ہیں باوا بھاؤں بھاؤں ہیں جن کا کہنا ہے کہ باوا میرا نام اور بھاؤں بھاؤں میری شناخت ہے جسے کچھ لوگ میرا پیشہ بھی سمجھتے ہیں۔

 

Paradigm

Banned


تو شاہیں ہے بسیرا کر اندھیروں میں اجالوں میں
میں باوا ہوں پڑا ہوں گا شہر کے گندے نالوں میں


اس لازاوال شعر کے خالق ہیں باوا بھاؤں بھاؤں ہیں جن کا کہنا ہے کہ باوا میرا نام اور بھاؤں بھاؤں میری شناخت ہے جسے کچھ لوگ میرا پیشہ بھی سمجھتے ہیں۔



Rahim Ansari aka BuTurabi

Please answer my question.

I heard a "bawla" bite your sister. Would you like to tell us where did he bite her?

 
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