KARACHI: As per the data released by the State Bank of Pakistan (SBP), the bank deposits have observed an increase of 18pc, Year-on-Year (YoY) basis in the 1st quarter of 2021 (1Q2021) as compared to the deposits recorded in the same period of 2020.
According to the released figures, the value of bank deposits in 1Q2021 is recorded at Rs17.9tr as compared to the value of Rs15.12tr in the same period of last year.
The increase in deposits is attributed to the increasing remittances and slow cash-based business activity due to pandemics in the country.
Simultaneously as per the figures, the investments have grown by 35pc YoY basis in the 1Q2021 as compared to the investments in the same period of last year.
The recorded value of investments in 1Q2021 was recorded at Rs12.5tr as compared to the recorded value of Rs11.6tr in the same period of the year 2020.
Furthermore, the advances from the banks on a YoY basis increased by 4pc as compared to the value of Rs8, 250bn in 1Q2020.
For news and blogs, visit Graana.com.
ISLAMABAD: The federal government is set to inaugurate the Islamabad Information Technology Park on August…
Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…
ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…
ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…
DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…
ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
