ISLAMABAD – The federal government borrowing from State Financial institution of Pakistan (SBP) massively declined by 71 per cent in fiscal 12 months 2019-20 as in comparison with final 12 months.

In response to official figures, the borrowing declined from Rs 285.7 billion as of July 12 2019 to Rs 82.7 billion as of July 10 2020.

Equally credit score to non-public sector has additionally been improved from adverse Rs 119.2 billion as of July 12 2019 to adverse Rs 84.three billion as of July 10 2020.

The agriculture credit score decreased from Rs 1018 billion within the 12 months 2018-19 to Rs 1080 billion in fiscal 12 months 2019-20.

The overall credit score has additionally been declined from Rs 578.eight billion within the 12 months 2018-29 to Rs 97.three billion in fiscal 12 months 2019-20.