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Banks credit growth at six-year’s high

(July 16th, 2014): After a gap of six years, advances of Pakistan scheduled banks grew by 10.8 percent in FY14 to reach Rs 4.3 trillion compared to 3.4 percent in FY13. According to a research report of Topline Securities, the advances growth is highest since 2008 economic crisis and is broad-based in the sense that it financed external trade activities, working capital, fixed investment and consumer financing.

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