The government raised ₨950 billion through treasury bill auctions on Wednesday while increasing cut-off yields by up to 40 basis points across major tenors. The move marked the second upward adjustment since the State Bank of Pakistan raised its policy rate to 11.5% on April 27 to manage inflation and liquidity pressures. According to official […]
government borrowing
Pakistan banks shift focus from private lending to government debt
Pakistan’s banking sector has significantly reduced lending to businesses, with private sector credit now accounting for only 22 percent of total assets as of March 2026. This shift reflects a growing preference among banks to finance government borrowing, as they seek lower-risk investment opportunities and stable returns in an uncertain economic environment. Total banking assets […]
Government secures Rs1.08tr from treasury bills and bond auctions
The government raised more than Rs1 trillion through fresh auctions of treasury bills and long-term Pakistan Investment Bonds (PIBs) on Wednesday, amid strong liquidity in the banking sector and expectations of further monetary easing. According to data released by the State Bank of Pakistan, the government borrowed Rs979.3 billion through T-bills and another Rs108bn via […]
Government borrowing pattern reverses in first half of FY26
The federal government borrowing from banks has reversed course in the first half of fiscal year 2026 (FY26) , with Rs672 billion raised so far, compared to net debt retirement during the same period last year, according to data released by the State Bank of Pakistan (SBP). Read More: Big push for affordable housing: Rs5 […]
Pakistan borrows Rs515 billion in first quarter
The government of Pakistan borrowed Rs515 billion during the first quarter (July–September) of the fiscal year 2025–26, marking a 41% increase from Rs363 billion borrowed in the same period last year, according to a report by the Ministry of Economic Affairs. The breakdown shows Rs198 billion borrowed in July, Rs192 billion in August, and Rs124 […]




