Pakistan facing slow economic recovery: Moody’s

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Pakistani banks are facing a slow economic recovery and the economic growth rate will be 1.5 per cent this financial year.

Moody’s Research has released a report on Pakistani banks and said that the scenario of abundant funding and liquidity banks is stabilizing, challenging, better operating environment will affect the assets and profits of banks.

The report on Pakistani banks downplayed expectations of 1.5 percent economic growth in the current financial year.

According to Moody’s Research, economic activity in the country is likely to remain lower than before the corona epidemic, but there are also estimates that banks’ assets and profits will be affected due to better operating and challenging environment.