Private sector borrows Rs 851.7 billion during FY19

MG News | March 25, 2019 at 11:59 AM GMT+05:00

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March 25, 2019 (MLN): Non-government sector has borrowed a sum of Rs. 851.7 billion as of March 15, 2019, during the current fiscal year.

According to the State Bank of Pakistan’s weekly report on loans, credit to the private sector during the period under review reached Rs. 551.8 billion, i.e. 49.3% higher than last year’s advances worth Rs. 369.8 billion.

Within the private sector, credit to conventional banking branches was Rs. 374 billion, credit to Islamic Banks was Rs. 80 billion while credit to Islamic Branches of conventional banks was Rs.96.7 billion.

On the other hand, credit to Public Sector Enterprises (PSE’s) during the period under review stands at Rs. 298.1 billion.

Furthermore, credit to NBFIs amounted to Rs. 1.7 billion for the aforementioned period.

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