Senate: (Senate debates overall performance of banking sector)

ISLAMABAD: The Senate on Monday discussed a motion moved by Osman Saifullah Khan regarding the overall performance of banking sector in the country.

Speaking on the occasion, the members said the government should take measures to ensure service-oriented and legalize banking in the country. They said the bank lending to the private sector and small and medium sized enterprises and common man should be enhanced.

The members said there should be proper legislation to regularize different bank schemes and facilities, like credit and debit cards.

They also emphasized for measures to reduce government borrowing. Finance Minister Mohammad Ishaq Dar, who is presently abroad, will conclude the discussion next Monday.

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