Pakistan govt borrowing Rs2.5bn a day

The cash-strapped Pakistan government has made aggressive borrowing from the State Bank of Pakistan in the first two months of the current fiscal year for its budgetary support and has been borrowing at the rate of about Rs2.5 billion a day.

The central bank reports that the government borrowing from the SBP stood at Rs162.5 billion during the period under review, which is more than double when compared to Rs73 billion borrowed in the same period last year.