Pakistan's financial sector rises to $114.6b

The overall size of Pakistan's financial sector has increased by almost Rs900 billion, 32 per cent growth over December 2005, to reach Rs6.9 trillion ($114.6 billion) up to June, 2007.
Banks, with a share of 72 per cent in total assets, continue to dominate the asset base of the financial sector, the central bank said.
Launching a new annual publication, Financial Stability Review 2006 (FSR), the State Bank of Pakistan (SBP) said the financial sector is predominantly led by the private sector, constituting of both domestic and foreign financial institutions, controlling 64.9 per cent of overall assets.