The interesting point, however, is that the growth has stemmed mainly from the aggressive lending drive of Islamic banks. Islamic banks’ outstanding financing witnessed a whopping rise of 32 percent over the previous year to Rs15.3 billion. While housing finance by Islamic banks maintained its upward momentum throughout the year, public and private banks rather shied away from lending, whereby the portfolios of foreign banks and DFIs stayed flat.
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Edited By | Saba Bilquis |