6.7 percent rise in July-November in domestic debts

Total stock of domestic debt and liabilities posted an increase of 6.7 percent in first five months of current fiscal year, according to the Sate Bank of Pakistan report on economy. The report said that this increase in the domestic debt was witnessed on account of higher fiscal deficit and limited availability of external financing.
In terms of composition, the rise in total stock of domestic debt and liabilities came entirely from government's domestic debt, whereas commodity operations and PSEs' debt experienced retirements during this period, the report said. Within government's domestic debt the increase in stock was led by government's huge borrowing from the central bank, while the stock of scheduled banks' debt recorded only a nominal increase by end-November FY11, the report said.