The trade and industry has shown its utter dismay over the alarming rise in the banks’ non-performing loans (NPLs). In a joint statement, Patron in-Chief Korangi Association of Trade and Industry, S M Muneer, Chairman Ehteshamuddin, Vice Chairmen, Hasham A Razzak and Tariq Mailk and former Chairman, Mian Zahid Hussain, expressed concern over the recent SBP report that shows an abnormal surge by 24 per cent from Rs494 billion to Rs629 billion only in one year. Muneer said he had already shown his apprehension that this would prove a death knell for the local as well as export-oriented industry.
