April 29, 2019 (MLN): The non-government sector has accumulated a total net debt of Rs.907.5 billion during ongoing fiscal year (FY19) as of April 19, 2019, which is 47% higher than the net borrowed amount of Rs 617.5 million in the same period last year, reports the State Bank of Pakistan’s weekly data on monetary aggregates.
Compared to last week, the net figure has expanded by Rs.24.3 billion (2.7%) as it was last recorded at Rs.883.2 billion.
The SBP’s latest data showed that the conventional and Islamic banks’ credit to the private sector increased to Rs419.3 billion and Rs76.8 billion during the said period respectively, as compared with Rs.309 billion and Rs 44.1 billion credit values recorded in the corresponding period last year, showing an increase of 36% and 74% respectively.
However, private sector’s advances from Islamic banking branches of conventional banks decreased by 3% to Rs 101.6 billion.
Moreover, Credit to Public Sectors Enterprises (PSEs) reached to Rs307.9 billion against Rs 158.3 billion in last year, reflecting a growth of 95% whereas, credit to NBFIs for the said period recorded at Rs 1.8 billion.
