Some short term measures are being contemplated to lower these borrowings to ensure that the end year results show less SBP borrowings by Federal Government. The impact of the high borrowings has however permeated and penetrated in inflation and it will take stronger measures to unwind it and results will emerge with lag.
Instead, of course, the danger was almost totally avoided, and consequently the questions for today are very different. Let me try to address the following issues. First, briefly, was there really such a big threat in the first place? Second, far more fundamentally, why did we do so well?