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Summary Net interest income increased by 27 percent to Rs620 billion in the same year.
KARACHI (Dunya News) – Profit of banks in Pakistan rose by 20 percent to Rs177 billion in 2019.
The profit increased mainly due to higher interest rates offered by the banks.
Net interest income increased by 27 percent to Rs620 billion in the same year.
In 2018, net interest income amounted to Rs486 billion.
Weighted average policy rate in 2019 stood at 12.2 percent as compared to 7.2 percent in 2018.
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