Pakistan's Banking Sector Industry Analysis
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December 10, 2014
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25 / 6976
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It influences and facilitates many different but integrated economic activities like resources mobilization, poverty elimination, production and distribution of public finance.
Pakistan has a well-developed banking system, which consists of a wide variety of institutions ranging from a central bank to commercial banks and to specialized agencies to cater for special requirements of specific sectors...
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The country started without any worthwhile banking network in 1947 but witnessed phenomenal growth in the first two decades. By 1970, it had acquired a flourishing banking sector.
SBP acts as a nucleolus in the financial system of the country. To day, a central bank is the central arch of the monetary and fiscal framework in many countries of the world and its activities are essential for the proper functioning of the economy and critical for the fiscal operations of the government and Pakistan’s banking system is no exemption...
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