Banks not serv­ing masses, busi­ness com­mu­nity: PEW

The Pak Banker - - FRONT PAGE -

KARACHI: The Pak­istan Econ­omy Watch (PEW) on Tues­day said com­mer­cial banks are not serv­ing masses and the busi­ness com­mu­nity which has weak­ened their bond with mar­ket econ­omy. Cen­tral bank con­tin­ued to pro­vide liq­uid­ity to com­mer­cial banks which in turn lend it to the gov­ern­ment that guar­an­tee se­cu­rity and good re­turns, it said. There­fore, banks have started avoid­ing masses, busi­ness com­mu­nity and ru­ral econ­omy.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.