Loan to non-govt sectors increase by Rs.61 bln in a week

MG News | April 08, 2019 at 11:23 AM GMT+05:00

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April 8, 2019 (MLN): During the ongoing fiscal year (FY19), Pakistan’s non-government sector borrowed a sum of Rs.921.7 billion as of March 29, 2019, reported the State Bank of Pakistan’s weekly data release on loans.

As we step back to analyze the position in a broader frame, we note that the sum stepped up by Rs.61 billion during the week, and by Rs.276 billion compared to the same period last year.

According to these figures, credit to the private sector during this period reached Rs.608.5 billion which is 29.4% higher than last year’s advances worth Rs.470.3 billion.

Within the private sector, credit to conventional banking branches was nearly Rs.422 billion, credit to Islamic Banks was Rs.83 billion while credit to Islamic Branches of conventional banks was Rs.103.5 billion.

On the other hand, credit to Public Sector Enterprises (PSE’s) during the period stood at Rs.311.4billion, greater by 79% of credit to PSE’s recorded last year.

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