• Region
    • Pakistan
    • UAE
    • Saudi Arabia
    • Qatar
    • Bahrain
    • Oman
    • Kuwait
  • About
  • Press Kit
  • Media Pack
  • Contact
Sunday, July 13, 2025
CEO Times
No Result
View All Result
Subscribe
  • Login
  • Home
  • Business News
  • Startup News
  • Opinion
  • Lifestyle
  • MagazineSEP 2024
  • Databank
  • Podcasts
  • Connect
  • Home
  • Business News
  • Startup News
  • Opinion
  • Lifestyle
  • MagazineSEP 2024
  • Databank
  • Podcasts
  • Connect
CEO Times
No Result
View All Result
Home Sector Banking & Finance

Banks Shows Encouraging Signs of Growth in Business Financing

13 June 2023
in Banking & Finance
Reading Time: 1 min read
0

Bank lending to the private sector has risen by 43% year over year, showing that banks are committed to helping the economy recover and expand.

Private sector bank borrowing and financing rose to Rs. 357.2 billion in the first eight months of this fiscal year, up from Rs.249.6 billion the previous year, according to the State Bank of Pakistan (SBP).

Companies are using investment to complete short- and long-term ventures, while some firms are borrowing to revive themselves, as shown by the rise in private sector borrowing from banks.

Last year, the SBP lowered the policy rate from 13.25 percent to 7% to allow businesses to access bank financing, which had been disrupted by COVID-19 and the protective lockdown that came with it.

Source: Startup Pakistan

Related Posts

MCB Bank

M Nauman Chughtai Appointed as President & CEO of MCB Bank Limited

16 December 2024
UBL

UBL Board Approves Merger with Silkbank via Share Swap Arrangement

5 December 2024
Netsol

NetSol Technologies to Sell 2 Million Treasury Shares Under Employee Share Option Scheme

26 November 2024
Pakistan Stock Exchange (PSX)

Pakistan Stock Exchange Appoints Farrukh H. Sabzwari as New CEO

7 November 2024
Next Post
Pakistan-based fintech SadaPay raises $7.2M in seed

Pakistan-based fintech SadaPay raises $7.2M in seed

Copyright © 2024 CEO Times (SMC-Private) Limited

  • Privacy Policy
  • Terms & Conditions
  • Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business News
  • Startup News
  • Opinion
  • Lifestyle
  • Magazine
  • Podcasts
  • About
  • Contact
  • Media Pack

Copyright © 2024 CEO TIMES (SMC-Private) Limited