Tag Archives: Private sector borrowing jumps by 70pc in 11MFY21

KARACHI: Borrowing from banks jumped by 70 per cent in the first 11 months of the current fiscal year, reflecting higher participation by the private sector to accelerate economic growth rate. The State Bank of Pakistan (SBP) latest data released on Tuesday showed that the private sector credit offtake increased to Rs489.5 billion during July-May 2020-21 against Rs288.8bn in the …

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