April 14, 2021 (MLN): The non-government sector has borrowed another net sum of Rs331.13 million during the week ended April 02, 2021, which brings the cumulative net borrowing for ongoing fiscal year FY2021 to Rs425.55 billion. The net borrowing as of the prior week was recorded at Rs425.22 billion.
According to weekly data released by the State Bank of Pakistan, the sector's borrowing has risen by Rs238.39 billion over the year since the borrowing as of the corresponding period of last year was recorded at Rs187.16 billion.
The non-government sector is divided into three broad categories namely, the Private Sector, the Public Sector Enterprises, and NBFI. Commercial banks are the main source of financing for the private sector, including conventional banks, Islamic banks, and Islamic branches of conventional banks.
This fiscal year, the private sector borrowed a net sum of Rs444.49 billion, whereas the PSE's have retired Rs.24.89 billion and NBFI has borrowed Rs5.95 billion.
As we disintegrate the inflows and outflows within the private sector, we see that Conventional Banks lent a cumulative sum of Rs219.98 billion, Islamic Banks lent Rs91.1 billion and lastly, the Islamic branches of Conventional Banks lent Rs133.41 billion.
