Rise of Banking

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Banking Spread in Pakistan is concerning and State Bank of Pakistan must take immediate action.

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Rise of Banking

  1. 1. Rise of Banking World Bank Report 2012 Bangladesh 1.3% China 3% Japan 0.9% Malaysia 1.8% Pakistan 6% Sri Lanka 4.6% About 60% deposits of businessmen are lying in current accounts. High banking spread also prevents businesses from investing in new plant and technology up-gradation to produce world standards quality products. Thus high interest rates coupled with high markup rates retard the growth of SMEs. State Bank of Pakistan must play its role for narrowing down the high interest rate spread, which will produce healthy results for economy as it will encourage savings, promote investment, reduce credit cost, bring down production cost leading to better growth of business activities and availability of cheap products to the end consumers. Sajid Imtiaz: Expert Member CDKN, Honorary Member Pakistan Society of Criminology

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