Loans to Non-Govt. sector log in at Rs.889 billion

MG News | May 13, 2019 at 03:26 PM GMT+05:00

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May 13, 2019 (MLN): The non-government sector has accumulated a total net debt of Rs.889 billion during ongoing fiscal year (FY19) as of May 3, 2019, reports the State Bank of Pakistan’s weekly data on monetary aggregates.

Compared to last week, the net figure has shrunk by around 6 billion as it was last recorded at Rs.894.8 billion. But against the corresponding period of last year, the net borrowing has increased by 24.7%.

The non-government sector comprises of the private sector which borrowed Rs.587.6 billion (net), Public Sector Enterprises (PSE’s) which borrowed Rs.299.6 billion (net) and NBFI’s which borrowed Rs.1.8 billion (net).

Within the private sector, credit to conventional banking branches was Rs.402.5 billion, credit to Islamic Banks was Rs.84.6 billion whereas credit to Islamic Branches of conventional banks was around Rs.100.4 billion.

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