The years 2022 and 2023 marked a transformative period for Pakistan’s financial sector. Amid high policy rates and monetary tightening, banks and financial institutions experienced unprecedented growth and profitability. As previously reported by Profit, commercial banks have pivoted away from traditional lending practices. Surprisingly, this trend has extended beyond commercial banks, permeating sectors traditionally focused on underserved markets—areas often overlooked by mainstream financial institutions. A prime example is Pak Kuwait Investment Company (PKIC), Pakistan’s largest DFI.

Source: Libya Today October 07, 2024 07:29 UTC