Islamabad: International rating agency Fitch has said that despite going through a difficult economic and inflationary period, the performance of Pakistani banks has remained stable, and now excellent opportunities are available to increase business volume. The report says that Pakistani banks have invested heavily in government securities, which has ensured their financial stability.
According to Fitch, the ratio of non-performing loans has come down to 7.1 percent, indicating the effectiveness of financial management and recovery mechanisms.
The international organization says that Pakistan’s real growth rate could reach 3.5 percent by 2027, which will further strengthen the current economic recovery process.
The report further states that banks should focus more on business activities to support the economy on a broader basis. Fitch is of the opinion that the overall debt scenario can further improve if government policies are consistent and fiscal discipline is maintained.
