Tag Archives: Bad loans surge by Rs70bn in 2023

KARACHI: The non-performing loans (NPLs) of the banking sector increased by 7.6 per cent, or Rs70 billion, during 2023, according to data released by the State Bank of Pakistan (SBP) on Tuesday. The rise in defaults, influenced by high interest rates and sluggish economic growth, reflects ongoing financial struggles within almost all segments of the economy. Throughout 2023, political instability …

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