Article Type

Article

Description

A lot of confusion and misunderstanding has been created by several commentators on the issue of non-performing loans (NPLs) of banking system. They take the absolute amount of such loans at the current point of time and compare it with the quantum of such loans in October 1999 and make a hue and cry that the situation has deteriorated because the quantum of NPLs has gone up. Such a simplistic approach creates doubts in the minds of common people about the commitment of the government and the State Bank of Pakistan towards recovery of these loans and distorts the true picture about this important issue. The aim of this article is to inform the public about the exact magnitude of the problem, the trend over time and the measures the State Bank of Pakistan is taking to tide over this problem.

Publication Source

Dawn

Publication Date

10-21-2002

Pages

1-11

Notes

Published in the Daily DAWN on October 21-22, 2002.

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