Govt makes no budgetary borrowing in first half

KARACHI: The government borrowings from banks for budgetary support were negative during the first half of the current fiscal year ending Dec 31, indicating higher liquidity in the national exchequer.

The State Bank’s latest data for the July 1 to Dec 13 period showed a net debt retirement of Rs2.03 trillion against a net borrowing of Rs2.875tr in the same period last year.

Experts believe this is historical as the governments in the past had been borrowing heavily for budgetary support...