S.S. Iqbal
Coverage of S.S. Iqbal in the Nexus archive.
- Banks likely to stay dependent on govt borrowing for profits
Banks in the country remain heavily reliant on government borrowing for profits, with federal government borrowing from banks rising to Rs5.9 trillion in FY26. Private sector lending remains limited, receiving only Rs1.4 trillion, while the advance-to-deposit ratio fell to 35.2%, reflecting weak private sector growth.
- Gulf turmoil hurting Pakistan’s economic outlook
Regional instability in the Gulf is negatively impacting Pakistan's economic outlook, causing declines in foreign direct investment, domestic bond inflows, and foreign equity investments in FY26. Pakistan faces a $35bn trade deficit and relies heavily on remittances, while analysts warn that Gulf tensions could deter foreign investors despite growing diplomatic ties with Gulf nations.