Govt borrows Rs808.7 billion from external, internal sources in first quarter.

ISLAMABAD -- The government has borrowed Rs808.7 billion from external as well as internal sources during the first quarter (July to September) of the current fiscal year to bridge the budget deficit.

The government has borrowed Rs778.4 billion from internal sources and net external financing stood at Rs30.4 billion during the July to September period of the current financial year. Pakistan's gross external financing was recorded at Rs465.232 billion and it repaid Rs434.9 billion against previous loans, which showed that net external financing is Rs30.5 billion during the period under review. The breakup of internal financing showed that the government has borrowed Rs488 billion from the non-bank and Rs290.5 billion from the banking sources. In non-bank loan, the federal government has borrowed Rs 665.550 billion as public debt, Rs3.636 billion as prize bond, Rs120.722 billion as GOP Ijara Sukuk and repaid Rs86.501 billion as government securities during the period under review.

The country's budget deficit - the gap between federal income and expenditures - was recorded at Rs808. 7...