Islamabad, Apr 4, 2025: In the first nine months of the fiscal year 2024-25, total bank loans to the private sector saw a significant rise compared to the same period in the previous year (9MFY24).
Data from the State Bank of Pakistan (SBP) shows that private sector borrowing reached Rs. 481 billion between July 2024 and March 21, 2024, up from Rs. 106 billion in the same period last year.
This marks a substantial year-on-year increase of 352 percent, amounting to Rs. 374 billion more than the previous year.
Conventional Bank Loans branches received Rs. 13 billion in loans from the private sector during this period, slightly lower than the Rs. 15.4 billion they obtained in the same months of the previous year.
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On the other hand, financing from Islamic banks surged by 338 percent year-on-year, growing from Rs. 86.3 billion last year to Rs. 378 billion in 9MFY25.
Islamic banking branches of conventional banks contributed Rs. 115.8 billion in financing, a sharp rise from Rs. 35.5 billion during the same period last year.
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Meanwhile, the government repaid Rs. 406 billion to the central bank from July 2024 to March 21, 2025. It also borrowed Rs. 1.309 trillion from scheduled banks for budgetary support during this period.
