During early 1990s Pakistan economy underwent massive changes in all sectors, especially financial sector.
There was a mushroom growth of private banks due to the deregulation and privatization of financial industry. Below are some vital statistics that show the number of banks during the years 1994-98.
Pakistani Banking Vital Statistics [1994-1998]
|Number of scheduled banks||45||47||46||46|
|Scheduled banks’ branches||8400||8523||8597||8040|
|Foreign Banks’ branches||74||83||85||81|
|Pakistani Banks’ branches abroad||124||126||122||119|
|Deposits of scheduled banks (Rs. in billion)||670.7||696.7||743.6||839.9|
|Foreign Banks’ share in deposits (%)||18.9||18.9||22.3||21.6|
|Advances of scheduled banks (Rs. in billion)||413.8||474.7||552.5||644.1|
|Foreign banks’ share in advances (%)||14.7||16.5||18.1||17.7|
|Total Assets/Liabilities of Scheduled banks (Rs. in billion)||1647.6||1498.6||1616.6||1587.6|
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