loans

The government raises Rs584.5 billion in auctions of treasury bills, investment loans and sukuk – Trendy Blogger

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The government raises Rs584.5 billion in auctions of treasury bills, investment loans and sukuk – Trendy Blogger

The government obtained Rs584.5 billion through the auction of treasury bills (T-bills), Pakistan Investment Bonds (PIBs), and Government Islamic Sukuk (GIS). This included Rs434 billion from treasury bills, Rs11.9 billion from general treasury bonds, and Rs138 billion from GIS auction across all periods. The GIS auction, conducted by the Pakistan Stock Exchange (PSX), attracted strong … Read more

The Senate committee said the NFC award changed Pakistan’s financial situation amid high-interest loans – Trendy Blogger

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The Senate committee said the NFC award changed Pakistan’s financial situation amid high-interest loans – Trendy Blogger

Federal Finance Minister Imdadullah Bhosal informed the Senate Standing Committee on Finance on Wednesday that the current National Finance Commission award has significantly distorted Pakistan’s fiscal position, pushing the federal government to rely on high-interest loans, some at interest rates as steep as 8%. According to a news report, in a press conference chaired by … Read more