Bank deposits increase by 17pc in February

Bank Deposits

KARACHI: The banking sector of Pakistan has continued to show an upward trend as the bank deposits increased by 17pc in February.

As per the details, the value of bank deposits in the month of February was recorded at Rs17.25tr.

Furthermore, the lending to private sectors was recorded at Rs8.53tr which showed an increase of around 4pc as compared to the recorded value of 8.21tr in February 2020.

Similarly, the investment by commercial banks in government debt securities increased by 33pc at Rs11.61tr as compared to the recorded value of Rs8.72tr in the same period of last year.

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