KARACHI: According to the data released by the State Bank of Pakistan (SBP) on Tuesday, the borrowing of the private sector increased by 34pc in the first nine months of the current fiscal year.
As per the data, the borrowing of private sectors in the period of July-March of the current fiscal year is recorded at Rs444.5bn as compared to the Rs3332bn in the same period of last year.
Similarly, it is being forecasted that the borrowing of private sectors this year will surpass the borrowing figures of FY19 of Rs693.5bn.
Earlier on Monday, the advances of banks to the private sectors surged by 51pc during the July-March period of FY21.
Simultaneously, the advances extended by Islamic Banks to the private sector showed an increase of 34pc.
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