The government of Pakistan has retired a debt of Rs697.6 billion for the week ending October 25, 2024, bringing the total net retirement for the ongoing fiscal year 2025 to Rs2.08 trillion, according to estimates from the central bank.
Government borrowings are categorized into three main purposes: budgetary support, commodity operations, and others. This week, the net retirement for budgetary support was Rs734.5 billion, while borrowing for commodity operations amounted to Rs36.82 billion. Additionally, Rs80.04 million was borrowed for other purposes.
Cumulatively, the total retirements for the current fiscal year 2025 now include Rs1.87 trillion for budgetary support, Rs206.45 billion for commodity operations, and Rs1.98 billion for other categories.
The primary sources of financing for budgetary support are the State Bank of Pakistan and scheduled banks. This fiscal year, the government has borrowed a net amount of Rs256.88 billion from the central bank, with the Federal Government borrowing Rs467.08 billion. In contrast, the Provincial Government retired Rs186.6 billion, the AJK Government retired Rs19.41 billion, and the GB Government retired Rs4.19 billion.
Additionally, the government has made a total net retirement of Rs2.12 trillion to scheduled banks, with the Federal Government accounting for Rs2.04 trillion and the Provincial Government for Rs84.46 billion.
