Private sector borrows Rs36.4bn in a week

News Image

MG News | March 28, 2022 at 04:43 PM GMT+05:00

0:00

March 28, 2022 (MLN): The non-government sector has borrowed another net sum of Rs36.4 billion during the week ended March 11, 2022, which brings the cumulative net borrowing for the ongoing fiscal year FY2022 to Rs934.2 billion. In the previous week, the government retired net sun of Rs8.1 billion.

According to weekly data released by the State Bank of Pakistan, the sector's borrowing has risen by Rs588.5 billion over the year since the borrowing as of the corresponding period of last year was recorded at Rs345.7 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 Rs911.3 billion, whereas the PSEs have borrowed Rs17.9 billion.

As we disintegrate the inflows and outflows within the private sector, we see that Conventional Banks lent a cumulative sum of Rs566.97 billion, Islamic Banks lent Rs126.9 billion and lastly, the Islamic branches of Conventional Banks lent Rs217.4 billion.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,955.00 119,740.00
116,460.00
-1340.00
-1.13%
BRENT CRUDE 73.37 73.63
71.75
0.86
1.19%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.21 70.51
68.45
1.00
1.44%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg