Business
January 10, 2021
KARACHI: Business lending at banks remained flat in almost six months of this fiscal year, despite central bank efforts to get the credit flowing via various concessionary financing facilities for quick economic recovery.
Credit to the private sector stood at Rs118.270 billion during July 1 to December 25, 2020, up 0.17 percent from a year earlier, latest figures from the State Bank of Pakistan (SBP) showed.
In the same period of last fiscal year, these loans were Rs118.069 billion.
Money supply M2 grew at 3.88 percent in July-December FY201, up from 3.67 percent in the corresponding period of last year, the SBP data showed.