Advances to private sector reach Rs 4.93 trillion in Aug

News Image

MG News | September 24, 2019 at 05:26 PM GMT+05:00

0:00

September 24, 2019 (MLN): Despite slowdown in economic activity along with higher interest rates, the private sector seems to have increased its activities.

The latest SBP data on advances classified by borrowers, supports the aforesaid statement, as the data shows that in the month of August 2019, the bank advances to private sector surged by 7.8% to an accumulated amount of Rs 4.93 trillion   as compared to corresponding period last year.

However, on monthly basis, it exhibited a negligible decline of 0.4% MoM.

Most of the demand in private sector credit emanated from Merchandise sector, as credit to this sector surged by 6.2% YoY or Rs 120.6 billion to Rs 2.05 trillion in August FY20. This was followed by Fixed Assets which are purchased for long-term use, as advances for these assets rose by 7.2% YoY to Rs 1 trillion from Rs 934.3 billion in August 2018.  

Among Merchandise sector, Finished Goods ranked first as financing to this sector reached to Rs 982 billion during the period under review, marking a growth of 3.7% YoY.

On the contrary, the advances to government declined by 3.1% YoY from Rs 821.5 billion to Rs 796 billion. While the advances to public enterprises rushed by 6.8% YoY to Rs 1.186 trillion.

Moreover, Credit to NBFIs reached to Rs 124 billion against Rs 79 billion in the same month last year, reflecting a growth of 57% whereas, advances to Trust funds and for personal use mounted by 1% and 10.5% YoY respectively.

This depicts the total outstanding advances to Residents during the month reached to Rs 7.746 trillion, up by 7.1% YoY from Rs 7.23 trillion recorded in Aug 2018.

 Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 113,390.00
108,020.00
-4475.00
-3.97%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 64.55
63.88
-0.59
-0.91%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling


August 29, 2025 at 05:46 PM GMT+05:00

SECP cuts bonus, right issue timelines



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg