The traditional manufacturing sectors seem to have lost the race with fast emerging food and beverage industry as it has grabbed the highest share from banks’ money.
The latest report of the State Bank indicated a new trend which showed that among the manufacturing sector food and beverage was the top borrowers from banks, even double than the textile sector which is still the backbone of the economy.
The revealing report showed the food and beverage procured a total amount of Rs116 billion from banks during first 10 months (July-April) of the current fiscal year. The textile sector, which still has the highest weight in the large-scale manufacturing (LSM) sector, borrowed Rs59bn during the period.
