KARACHI: A massive lending of Rs1.5 trillion by banks to the private sector during the current financial year (FY26) has helped fuel growth in large-scale manufacturing (LSM), bankers said, attributing the big jump to a significant drop in borrowing by the government.

According to them, the growth in large-scale manufacturing during the current financial year (FY26) reflects the direction of the banks’ money.

Since the outflow from banks to the private sector had been extremely poor during the previous three fiscal years, the growth rate remained stagnant. This, in turn, created serious problems for the government as job creation suffered, aggravating an already dire state of........

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