Government borrows record pkr 3.1tr in t-bills auction.

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The Pakistan Tehreek-e-Insaf (PTI) government has borrowed a record Rs3.1 trillion from commercial banks to finance the budget deficit as its revenue collection has remained short of the target so far in the current fiscal year.

The government made the hefty borrowing against the target of Rs600 billion through the auction of treasury bills on Wednesday, according to the State Bank of Pakistan (SBP).

The government borrowed the money for a duration...