the revival of economy and restoration of investors'
confidence, also supported by declining lending rates, the
demand for credit by the private sector is increasing. It is
evident from large-scale import of plant and machinery. In
the absence of other financial institutions capable of
providing medium and long-term funds, leasing companies and
Modarabas are the only source for resource mobilization.
Leasing companies have emerged financially stronger due to
their enhanced capital and TFCs flotation. Modarabas are
also planning to launch TFCs based on Sharia. They are
expected to perform even better in the future.