15.6 C
Tuesday, June 22, 2021

Inflation high because of loans: SBP

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KARACHI: Reason of the high inflation in Pakistan was the large amount of loans taken by the government to meet budget deficit, said the second quarterly report issued by the State Bank of Pakistan here on Monday. The inflation rate touched the limit of 9 per cent after the government took Rs359 billion loans from SBP to meet the budget deficit, it said.

The SBP report added that during the current financial year the fiscal deficit rose to 3.6 per cent from 1.9, trade deficit from 6.2 per cent to 7.9 per cent and current account deficit climbed to 4.8 per cent from 3.6.-SANA

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Rubab Saleemhttp://www.rubabsaleem.com
Rubab Saleem is Editor of Pakistan Times
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