private sector credit Archives

Pakistan’s Private Sector Shuns New Loans, Retires Rs 8 Billion

January 24, 2024January 24, 2024Shahnawaz Akhter

Karachi, January 24, 2024 – Pakistan’s private sector has exhibited resilience in the face of challenging economic conditions, retiring a substantial amount of Rs 8 billion in the current fiscal year as opposed to seeking fresh loans.

Pakistan’s Private Sector Opts for Debt Retirement Over New Bank Loans

September 20, 2023September 21, 2023Shahnawaz Akhter

Karachi, September 20, 2023 – Pakistan’s private sector has exhibited a distinct preference for debt retirement over taking on new bank loans for business activities.

Private Sector Initiates Loan Repayments Amidst Challenging Economic Climate in Pakistan

August 23, 2023August 23, 2023Shahnawaz Akhter

Karachi, August 23, 2023 – Pakistan’s private sector has begun retiring bank loans in response to the challenging economic conditions facing the country.

Private Sector Loans Nose-Dive 87% in FY23 Due to High Interest Rates and Slowdown

July 25, 2023July 25, 2023Shahnawaz Akhter

Karachi, July 25, 2023 – Pakistan’s private sector has been hit hard by the economic slowdown and high interest rates, as bank loans plummeted by a staggering 87 percent in the fiscal year 2022-2023, according to data released by the State Bank of Pakistan (SBP) on Tuesday.

Private Sector Credit Falls into Negative Zone for the First Time in 10 Years

June 16, 2023June 16, 2023Faisal Shahnawaz

Karachi: Private sector credit in May 2023 has fallen into the negative zone for the first time in a decade, according to analysts at JS Global Research.

Banking Loans to Private Sector Plummet by 94% in 10 ½ Months

May 25, 2023May 25, 2023Faisal Shahnawaz

Banking loans extended to the private sector in Pakistan have experienced a significant decline of 94% during the first 10 and a half months of the current fiscal year, as per the latest data released by the State Bank of Pakistan (SBP).

Private sector credit offtake plunges 80% during 10MFY23

May 10, 2023May 10, 2023Faisal Shahnawaz

Unfriendly economic conditions have had a significant impact on the private sector credit offtake in Pakistan, with bank loans falling by 80 percent during the first ten months of the 2022-2023 fiscal year.

Bank borrowing by private sector plunges by 77% in Pakistan

March 30, 2023March 30, 2023Faisal Shahnawaz

Bank borrowing by Private sector in Pakistan has plunged by over 77 per cent during eight and half months of the current fiscal year when compared with the same period of the last fiscal year.

Private sector credit offtake sharply increases by 62 percent in seven months

February 10, 2021February 10, 2021Mrs. Anjum Shahnawaz

KARACHI: The lending of commercial banks to private sector has surged by 62 percent in the first seven months (July – January) 2020/2021 owing to accelerated economic activities following reduction in coronavirus cases. The private sector borrowing increased to Rs283.45 billion during the first seven months of the current fiscal year as compared with Rs175 […]

Banks’ lending to private sector plummets by 44pc in nine months

April 14, 2020April 14, 2020Mrs. Anjum Shahnawaz

KARACHI: Banks lending to the private sector has sharply declined by 44 percent during first nine months (July – March) 2019/2020 due to slow economic activities and outbreak of coronavirus, according to data released by State Bank of Pakistan (SBP) on Monday. The private sector lending fell to Rs322 billion during July 01, 2019 – […]

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