Karachi (Lord Media): The local banking industry has extended loans worth 1800 billion rupees to the private sector over the past 18 months, according to Zafar Masud, Chairman of the Pakistan Banks Association. He shared this information during a press conference regarding the Banking Summit 2026.
Zafar Masud stated that the Federal Finance Minister and the Governor of the State Bank will address the summit, scheduled for July 7 and 8 in Karachi. He noted that the privatization of PIA was made possible due to banks’ debt restructuring.
Masud further explained that the summit aims to discuss improvements in the banking sector. The participation of academia, industry, and government will be crucial, promoting their mutual partnership for national development.
Secretary of the Pakistan Banks Association, Munir Kamal, mentioned that this year’s summit will feature 14 experts from the USA, Singapore, Bahrain, UAE, Malaysia, Saudi Arabia, and Belgium. Strategies for lending to agriculture and businesses will be considered.
Chairman of the Pakistan Banking Summit 2026, Atif Bajwa, remarked that the banking sector is showing strong performance with government partnership. Sixty percent of banks’ profits are contributed to the government in taxes.
