State Bank of Pakistan issued financial stability review 2022
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The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review.
The Review is being published in terms of requirements prescribed in Section 39(3) of the State Bank of Pakistan Act, 1956.
It presents the performance and risk assessment of various segments of the financial sector including banks, non-bank financial institutions, financial markets, financial market infrastructures and non-financial corporates.
Pakistan’s economy experienced a turbulent year as the existing economic imbalances were compounded by the unfavourable external environment.
The domestic headwinds including the twin deficits, high inflation, catastrophic flooding, delay in the completion of IMF program reviews as well as the global challenges such as a fast-paced increase in commodity prices and monetary tightening by major central banks in advanced economies, manifested in the deteriorating macroeconomic conditions.
Nonetheless, the financial sector showed resilience against these stresses and posted steady performance.
