Lower interest rates drive stronger business credit demand as Islamic banking branches record the highest lending growth
(more…)Tag: private sector credit
-
Pakistan’s Private Sector Shuns New Loans, Retires Rs 8 Billion
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.
(more…) -
Pakistan’s Private Sector Opts for Debt Retirement Over New Bank Loans
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.
(more…) -
Private Sector Initiates Loan Repayments Amidst Challenging Economic Climate in Pakistan
Karachi, August 23, 2023 – Pakistan’s private sector has begun retiring bank loans in response to the challenging economic conditions facing the country.
(more…) -
Private Sector Loans Nose-Dive 87% in FY23 Due to High Interest Rates and Slowdown
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.
(more…) -
Private Sector Credit Falls into Negative Zone for the First Time in 10 Years
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.
(more…) -
Banking Loans to Private Sector Plummet by 94% in 10 ½ Months
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).
(more…) -
Private sector credit offtake plunges 80% during 10MFY23
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.
(more…) -
Bank borrowing by private sector plunges by 77% in Pakistan
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.
(more…) -
Private sector credit offtake sharply increases by 62 percent in seven months
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 billion in the corresponding months of the last fiscal year, according to data released on Tuesday.
Industry sources said that due to fall in coronavirus cases and availability of vaccine had helped to boost industrial and commercial activities.
The lending to private sector by branches of conventional banks registered phenomenal growth of 98 percent to Rs152 billion during the first seven months of the current fiscal year as compared with Rs76.7 billion in the corresponding months of the last fiscal year.
The private sector borrowing from Islamic banks increased to Rs57.3 billion during the period under review as compared with Rs20.2 billion in the corresponding period of the last fiscal year.
The Islamic banking branches of conventional banks extended loan facilities to private sector to the tune of Rs74.46 billion during July – January 2020/2021, which fell from Rs78 billion in the same period of the last fiscal year.