Strong deposit growth bodes well for Pakistan banks

ISLAMABAD (APP): Deposits at Pakistan’s commercial banks reached Rs11.2 trillion as of December 30, 2016, some 20.4 per cent year-on-year growth in deposits compared to the last three years, Khaleej Times reported. Banking and equity sector analyst Umair Naseer of Topline Securities said this is significantly higher than the historical average growth of 12 per… Read More »

Juicy domestic apparel market

FACING tough competition in the overseas markets, Punjab’s textiles and clothing exporters are increasing their exposure to the buoyant domestic apparel market with a promising future — particularly for women clothing — by investing heavily in retail outlets. Many of them expect not only to make significant profits, but also anchor the textile industry in… Read More »