Private sector borrowing declined in Punjab during a year despite both economic and political support by the government, while Sindh showed an improvement.
According to a statistical bulletin issued by the State Bank, private sector borrowing in Punjab declined to Rs1,295 billion till December 2013 against Rs1,324bn in December 2012. Overall borrowing in Punjab showed disappointing trend as stock of borrowing fell to Rs1.701 trillion against Rs1.736tr a year ago.
This would be surprising for experts who believe that Punjab is the focal point of economic activities since the same political party rules the centre as well as the province.
