Islamabad/Lahore: Bank loans to the private sector increased by 3.6 percent on an annual basis in August, while purchases of vehicles decreased by 18.3 percent.
According to State Bank statistics, the volume of bank loans issued to the private sector in August was 8243 billion, which is 3.6% more than the 7960 billion loans issued in August last year.
Meanwhile, the volume of vehicle loans was 227 billion, which is 18.3 percent less than the 278 billion loans issued in August last year.
Meanwhile, in a letter addressed to the Governor State Bank, the sugar mills demanded to extend the loan repayment date to December 31, 2024, saying that the mills have to make payments to the farmers 15 days after the delivery of sugarcane. It is not possible to clear up to, return will be possible only on permission to export surplus stock.
