business

December 12, 2024

ADR rises to 48pc in November

A currency dealer can be seen counting Rs5,000 notes. — AFP/FileKARACHI: The banking sector’s advance-to-deposit ratio continued to rise, reaching 47.8 per cent as of November 29, compared with 44.3 per cent in the previous month.“The ADR had previously bottomed out at 38.4 per cent in August. Since then, the ratio has increased by 944 bps to reach its current level of 47.8 per cent,” said Arif Habib Limited, citing data from the State Bank of Pakistan .Banks’ advances rose to...