Over half of the fresh borrowing in the education sector was done by the higher education sector. The manufacturing, agriculture and services sectors also increased borrowing through the SBP’s concessionary financing available through the Export Finance Scheme (EFS) and Long-Term Financing Facility. The outstanding borrowing by the textile manufacturers alone increased to Rs1.12 trillion by end-December 2020 compared to Rs1.03 trillion by end-December 2019. The borrowing by the information and communication sector surged to Rs167.6 billion compared to Rs145 billion. The outstanding borrowing by the construction sector surged to Rs145.2 billion compared to Rs127.6 billion.

Source: The Express Tribune February 21, 2021 03:33 UTC