Govt borrowings climbed to Rs10,200 bn: SBP

 

 

KARACHI: Government borrowings doubled during 2007 to 2010 and surged to the level of Rs10,200 billion at the end of the last financial year 2009-10, said the State Bank of Pakistan in its Economic Review for the previous financial year.

It said that the amount borrowed by the Government climbed to 10,200 as on June 30, 2010.

The Review said cited increase in financial deficit as the prime reason for the rise in government borrowings. The government borrowings stand at 69.5 per cent of the GDP.

CNG stations to remain close for 24 hours

ISLAMABAD: The government has decided to shut all CNG stations across country for 24 hours as part of energy conservation plan, Geo News reported.

Gas supply under pressure

 











Commuters using vehicles fuelled by CNG in Islamabad and the surrounding areas are experiencing considerable inconvenience on account of the mandated weekly two-day gas holiday for CNG stations that began recently.