A report of the Ministry of Financial Affairs confirmed that Pakistan acquired solely $7.6 billion in overseas loans in the course of the first 9 months of present fiscal yr. PHOTO: file
KARACHI:
The Pakistan Banks Affiliation (PBA) has stated that the banking sector has made a strong contribution to Pakistan’s ongoing financial revival, citing a document surge in personal sector credit score in the course of the present monetary yr.
Business banks have prolonged Rs1.5 trillion in financing to the personal sector in FY26, a surge in liquidity that’s driving 8.33% progress in large-scale manufacturing (LSM), reflecting the sector’s position in supporting industrial output and job creation, the PBA stated in a press release.
“The newest knowledge demonstrates a transparent basic financial actuality: when authorities borrowing moderates, banks instantly and successfully deploy capital to enterprise, business and agriculture,” stated Zafar Masud, Chairman of PBA.
“The banking sector has pivoted liquidity from sovereign debt to the productive personal economic system, serving as the first engine for the current industrial restoration,” he added.
