📌 Key Highlights & Quick Takeaways:
- Deputy Governor State Bank Salimullah has said that remittances of 45 billion dollars are estimated to come at the end of this financial yea.
- Addressing the Re-set 2.0, Retail Banking and Small Business Conference organized by Greenpack International and Pakistan Banks Association.
- He said that Pakistan's banking sector has grown tremendously in the last 5 years, but still many issues need to be addressed.
Deputy Governor State Bank Salimullah has said that remittances of 45 billion dollars are estimated to come at the end of this financial year.
Addressing the Re-set 2.0, Retail Banking and Small Business Conference organized by Greenpack International and Pakistan Banks Association at a private hotel in Karachi, Deputy Governor State Bank said that due to the lack of a better product for overseas, remittances are invested in real estate and other sectors.
He said that Pakistan's banking sector has grown tremendously in the last 5 years, but still many issues need to be addressed.
Deputy Governor State Bank said that in the last four years we have achieved macroeconomic stability, we have paid the price of this stability with low GDP growth and high unemployment, the GDP growth of the last four years has been at a modest rate of 2.1 percent.
He said that although this macroeconomic stability has provided us with a basis for economic growth, now we have to devise strategies that can help in this, further promoting SMEs in the remaining 8 months of this financial year.
