Updated on
Summary
At least 9 percent increase recorded in the value of bank accounts during first 9 months of current fiscal year. According to the data issued by the State Bank of Pakistan, only 44 basis points were increased in the interest at loans issued by the banks till September 2009. Due to which performance of industries and interest rate is not satisfactory. Investments made by banks also increased by 54 percent due to rising deposits rate. During first quarter of current fiscal year, the sectors profit decreased by 31 percent. According to experts, banking sectors performance remained average during current year.
