Pakistan’s private-sector credit rises 14.8% in FY26 to Rs 11.38 trillion, fastest pace in four years

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Pakistan's FY26 private-sector credit growth accelerated to 14.8%, the strongest in four years, led by business lending concentrated in manufacturing, wholesale/retail, and agriculture. The data signals improving domestic financing conditions and business confidence, supporting a firmer local growth backdrop. However, with no direct linkage to major globally traded equities, commodities, or indices in scope, immediate cross-asset market impact is limited.
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Finance adviser Khurram Shehzad said private-sector credit grew 14.8% year on year in FY26 to Rs 11.38 trillion, marking the strongest expansion in four years. Corporate borrowing rose by Rs 1.18 trillion, accounting for more than 80% of the overall increase. Manufacturing, wholesale and retail trade, and agriculture made up 89% of the additional business credit, with manufacturing alone adding Rs 657 billion. The figures point to firm domestic demand for real-economy financing, according to Shehzad.