Dr Salman Shah, adviser to the prime minister on finance said on Sunday that the government will rely more on non-banking sources for financing budget deficit in the next fiscal.
Pakistan will require a borrowing of Rs 193 billion from foreign sources and Rs 205.8 billion from domestic sources to meet the fiscal deficit of Rs 398.8 billion during the 2007-08, said Dr Shah, at his post-budget press conference.
He said that around Rs 80 billion would be arranged from domestic commercial banks. The remaining amount would be met through other sources, including Pakistan Investment Bonds (PIBs), saving certificates, etc. The government, he said, will continue to float bonds in international market.