Govt Repays Loan of Rs. 92 Billion to Local Banks

The federal government has paid back over Rs. 92 billion to local banks in the current fiscal year after amassing enough liquidity to manage its finances. According to official data from the State Bank of Pakistan (SBP), the government has released Rs. 92.181 billion to scheduled banks as of October 4, 2024, compared to Rs. 1.835 trillion debt raised during the same period last year. Between September 30 and October 4 (one week), it has repaid Rs. 180 billion owed to the local banking sector. Meanwhile, the government has paid back Rs. 1.11 trillion net loan to SBP during the period in review. Between September 30 and October 4, it paid back an outstanding debt of Rs. 299.5 billion to the central bank. On a financial year-to-date (FYTD) basis, the federal government has paid back Rs. 1.536 trillion. This includes Rs. 242 billion in commodity financing operations and Rs. 2.54 billion for others.