Pakistani Bank's Strong Performance

[RiazHaq]

Pakistan's banks are showing strong performance with significant growth in deposits, assets and private sector credit. All areas of banking, including commercial, mobile and Islamic banking, are contributing to it.

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[TD="class: tr-caption, align: center"]Karachi Financial District[/TD]
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Commercial Banking:

Pakistan's commercial banking industry grew by 16.1 percent during fiscal year 2015/16. Strong aggregate demand and improving business sentiments were seen in private sector credit growth of 12 percent, expanding by Rs. 461 billion in FY16 from Rs. 224 billion in the prior year, according to a World Bank report in the media.

Mobile Banking:

Mobile banking transactions in Pakistan grew to Rs. 1.5 trillion during 2015-16. The State Bank of Pakistan (SBP) has recorded Rs. 543.6 billion in branchless banking transactions in the latest quarter, sequential growth of 6.8% over the previous quarter. It's a good sign of growing financial inclusion in the country.

Islamic Banking:

Islamic banking share of banking in Pakistan has nearly doubled in the last 5 years. It now accounts for 13% of the overall banking industry, up from 7.8% five years ago.

Demand for Liquidity:

Pakistani banks have increased their deposits by over a trillion dollars since January 2016. However, strong demand for liquidity in a growing economy has forced the State Bank of Pakistan (SBP) to inject another Rs. 880 billion into the banking system just last week, according to news reports.

Summary:

Banks are a good barometer of a nation's economic health. Growth in banking in Pakistan is a good sign of accelerating economic growth in the country.

Source

 

[Talwar Gujjar]

Bani Gala woes just keep on multiplying, whatever happened to bad news about Pakistan.

 

[RiazHaq]

Bani Gala woes just keep on multiplying, whatever happened to bad news about Pakistan.

Please thank the military for improving security and ensuring CPEC progress.

Army Chief General Raheel Sharif has made his institution's commitment loud and clear by frequent statements on the subject. He has said “We will do everything to make it a success". He is also record as warning that “terrorism is a global issue and warrants global response. The funding of all terrorist organizations has to be checked by all. We are against use of proxies and won’t allow it on our soil".

Pakistan Army is playing a crucial role in ensuring progress and completion of China Pakistan Economic Corridor (CPEC) related projects. The army leadership is using all its power and influence with all stakeholders, including politicians and civil servants, as part of this campaign to bring about development of infrastructure and energy to make Pakistan economically successful.


http://www.riazhaq.com/2016/11/pakistan-army-chief-backer-guarantor-of.html

 

[khara sach]

this looks to be recovery time for pak economy .

 

[khara sach]

Bani Gala woes just keep on multiplying, whatever happened to bad news about Pakistan.

no need to bring politics every where ,