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fbqr Archie and Lilibet can never be working royals after Harry and Meghan s appal
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Zxrl Transgender candidates lose faith in ECP
KARACHI:The government borrowed on Wednesday a mere Rs215 billion from commercial banks against the target of Rs850 billion as the banks jacked up the lending rate significantly.The government acquired financing through the auction of three-, six- and 12-month T-bills. Cut-off yields (lending rates) on the papers increased by up to 129 basis points to a record high of nearly 17%.Had the government borrowed more, the lending rates would have gone up further.The sharp increase in the rate of return for commercia nike air max l banks came after the central bank surprisingly jacked up its key policy rate by 100 basis points to a 23-year high at 16% on Friday.More importantly, the banks offered a total of Rs6 adidas spezial vert 46 billion in financing, though they knew that the government had targeted to borrow Rs850 billion through the auction.This suggests that the banks had a dearth of funds or they were expecting a further hike in the central bank rsquo s policy rate.Data breakdown showed that the gov chunky dunk ernment made almost Mdfi Mending fences LHC orders formation of mediation committee
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