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    Post Rs700bn loans needed for new budget

    ISLAMABAD: The government plans to borrow an extra Rs700 billion to meet the budget deficit next financial year, a 25.3 percent jump which is twice as much as targeted in the previous financial years from 2001-11, officials making the new budget in Islamabad revealed to our sources here Sunday. They said debt repayment, defence spending and high mark-up on loans previously acquired are the main areas of concern that necessitate such a huge leap. The total outlay of budget 2011-12 was Rs2.8 tril... more

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    Circuit advertisement Rs700bn loans needed for new budget
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