Consumer Finance – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Tue, 23 Apr 2019 10:19:37 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.10 Consumer Financing Transactions Post Quarterly Growth http://www.pakistaneconomist.com/2018/07/02/consumer-financing-transactions-post-quarterly-growth/ http://www.pakistaneconomist.com/2018/07/02/consumer-financing-transactions-post-quarterly-growth/#respond Sun, 01 Jul 2018 20:25:02 +0000 http://www.pakistaneconomist.com/?p=17660 Consumer finance is an organized financial product across the globe, particularly in mature economies, where it constitutes a significant portion of banks’ lending portfolis. Economists focus that consumer financing has considerably contributed to the economic turnaround of Pakistan by stimulating investment and consumption patterns. They also mentioned that there has been a phenomenal rise in …

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Low interest rates boost consumer finance business in Pakistan http://www.pakistaneconomist.com/2017/05/01/low-interest-rates-boost-consumer-finance-business-in-pakistan/ http://www.pakistaneconomist.com/2017/05/01/low-interest-rates-boost-consumer-finance-business-in-pakistan/#respond Mon, 01 May 2017 01:43:57 +0000 http://pakistaneconomist.com/?p=2541 Today banks are well-positioned to strengthen their retail banking business; particularly personal loan and auto finance low interest rates. Low interest has given rise to consumer spending. The stage is now set for a consumption-driven economy. The outlook for consumer finance is positive. The momentum is there and the growth trend will continue in a …

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Innovative consumer financing still a challenging subject http://www.pakistaneconomist.com/2017/05/01/innovative-consumer-financing-still-a-challenging-subject/ http://www.pakistaneconomist.com/2017/05/01/innovative-consumer-financing-still-a-challenging-subject/#respond Mon, 01 May 2017 01:34:45 +0000 http://pakistaneconomist.com/?p=2518 Despite improved economic indicators in the country, consumer finance is still a challenging subject, both for the consumer and the banks. Pakistani banks opt to secure their finances before opening up doors of consumer financing. Short-term advances are always better for banks than long-term as they are less risky for the bank and easier for …

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Consumer Finance (Facts & Figures) http://www.pakistaneconomist.com/2017/05/01/consumer-finance/ http://www.pakistaneconomist.com/2017/05/01/consumer-finance/#respond Mon, 01 May 2017 01:23:48 +0000 http://pakistaneconomist.com/?p=2484 CREDIT/LOANS CLASSIFIED BY BORROWERS (Million Rupees) (Outstanding position at the end of month) Description June-15 Mar-16 June-16 Mar-17P 1. Credit to Government Sector (A+B) 7,265,070 7,589,419 8,109,481 8,601,435 A. SBP Credit to Government Sector (Net) 1,987,950 1,384,486 1,454,173 2,246,365 Investment in Govt. Securities 2,324,419 2,097,101 2,071,967 2,793,083 Loans to Government 8,035 2,740 2,740 2,740 Others …

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Benefits of low interest rates need to reflect in consumer finance, home loans http://www.pakistaneconomist.com/2017/03/27/benefits-of-low-interest-rates-need-to-reflect-in-consumer-finance-home-loans/ http://www.pakistaneconomist.com/2017/03/27/benefits-of-low-interest-rates-need-to-reflect-in-consumer-finance-home-loans/#respond Mon, 27 Mar 2017 02:17:52 +0000 http://pakistaneconomist.com/?p=800 The State Bank of Pakistan in view of the low inflation rate which is expected to remain well anchored going forward has decided to keep the policy rate unchanged at 5.75 percent. It is said that the interest rate in Pakistan is at 42-year low primarily due to slashed inflation rate as well as international oil …

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Surging consumer financing help promoting Islamic, modaraba sector reach http://www.pakistaneconomist.com/2017/03/20/surging-consumer-financing-help-promoting-islamic-modaraba-sector-reach/ http://www.pakistaneconomist.com/2017/03/20/surging-consumer-financing-help-promoting-islamic-modaraba-sector-reach/#respond Mon, 20 Mar 2017 04:30:24 +0000 http://www.pakistaneconomist.com/?p=5271 Consumer financing has seen a surge in the last two fiscal years primarily due to a big jump in auto loans and to some extent expansion of mortgage finance. Banks had made net consumer financing of Rs31.2 billion in 2014 and Rs31.3 billion in fiscal year 2015. This was equal to 10.5 percent and 17.3 …

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Online spending scaling up consumer finance in Pakistan http://www.pakistaneconomist.com/2017/01/02/online-spending-scaling-consumer-finance-pakistan/ http://www.pakistaneconomist.com/2017/01/02/online-spending-scaling-consumer-finance-pakistan/#respond Sun, 01 Jan 2017 21:25:58 +0000 http://www.pakistaneconomist.com/?p=6525 All-time low interest rates should trigger consumer finance growth It is certainly an impressive achievement that the digital economy has emerged as an unstoppable giant that was growing at 10 percent a year, more than triple the rate of overall global economic growth while the online spending scaling up consumer finance in Pakistan. Although the …

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Consumer financing growth and issues http://www.pakistaneconomist.com/2017/01/02/consumer-financing-growth-issues/ http://www.pakistaneconomist.com/2017/01/02/consumer-financing-growth-issues/#respond Sun, 01 Jan 2017 21:20:50 +0000 http://www.pakistaneconomist.com/?p=6522 Financial experts have identified the key issues hitting the growth of consumer financing in Pakistan. These issues include the high interest rate, high inflationary impact, unsolicited financing, deteriorating quality of services, lack of consumer education, poor information disclosure practices, intimidating recovery practices, loosing competitiveness in international trade, and weaknesses in regulatory framework. Consumer financing has …

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