Govt retires Rs1.5tr bank debt

KARACHI: The government retired Rs1.541 trillion in commercial banks’ debt during the first half of the current fiscal year against a net borrowing of Rs3.74tr in the same period last year, reflecting improved fiscal management.

The State Bank of Pakistan (SBP) data issued on Tuesday showed that during the July 1-3-Jan 3 period of FY25, the government emerged as a net debt retiring institution despite being a net borrower for many years.

“Primarily, the government got a big support from the SBP’s profit...