After a gap of six years, advances of Pakistan scheduled banks grew by 10.8 per cent in FY14 to reach Rs4.3 trillion compared to 3.4pc in FY13, said a report issued by Topline Securities yesterday.
The report said the advances growth is highest since 2008’s economic crisis and is broad-based in the sense that it financed external trade activities, working capital, fixed investment and consumer financing.
On the other side, private sector credit showed a healthy growth of 11.3pc after a gap of six years. In first half of 2014, advances grew by 5.3pc compared to a growth of 0.3pc in first half of 2013.
