The growth stood at 4.5pc during the same period of the preceding fiscal year.
Financial institutions asked to implement in-house system to detect differences between values.
Traders are increasingly relying on cash to avoid levy on banking transactions.
State Bank of Pakistan reports the remittances fell 2.5 per cent to $12.36 billion.
Pakistan is the fourth largest producer of cotton in the world and holds the third largest spinning capacity in Asia.
NPLs in the corporate segment fell to Rs431 billion from Rs443.6bn a quarter ago.
The government has been accumulating debt to meet its expenses despite facing a widening fiscal gap.
A total of Rs21.6bn was disbursed in the calendar 2016: SBP report says.
The Banking Performance Review for Oct-Dec 2016 shows profits of the banking sector dropped to Rs190bn for 2016.
The government plans to borrow Rs1,950bn and Rs150bn by auctioning treasury bills and Pakistan Investment Bonds.
The inflow of FDI also improved during the period to $1.161bn, but the outflow of dollars was higher by $71m: SBP.
Prices of almost all essential consumer goods and services rose sharply in January.
This regulatory measure would discourage the import of these items and would have nominal impact on the general public.
Structural reforms needed to avoid risks associated with remittances financing trade gap, says SBP report.
State Bank warns banks to either accept all kinds of US dollars or face penalty.
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Inflows are originating from a number of countries unlike the investment pattern witnessed in recent years.
Growth in net domestic assets of the banking system doubles year-on-year mainly on account of govt borrowing from SBP.
Remittances did not decline notably, particularly from oil-rich Gulf countries as was earlier predicted.
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