ISLAMABAD: Finance Minister Shaukat Tarin has said private credit off-take remained nine hundred and eleven billion rupees during the first nine months of current fiscal year as compared to 357 billion rupees of the same period last year.
In a tweet, he said the substantial increase is indicating robust economic activity.
Private credit off take reported at Rs. 911 billion from July to March 11, 2022, vs Rs. 357 billion for same period last year. The substantial increase is indicating robust economic activity. Meanwhile, GoP has retired Rs. 291 billion to SBP, creating room for private sector.
— Shaukat Tarin (@shaukat_tarin) March 26, 2022
The Finance Minister said the government has retired 291 billion rupees to State Bank of Pakistan, creating room for private sector.
In another tweet he said that sugar production is likely to increase in the season.
The sugar production likely to increase by 2 million tones from last year to 7.5 million tones. As a result, Pakistan is back to sugar surplus country from deficit. Ex-mill sugar prices are now around Rs 81/kg substantially lower from last year.
— Shaukat Tarin (@shaukat_tarin) March 25, 2022
