Some banks are recovering well, while others may continue to struggle, but no banks will be shut down, Finance Adviser Dr Salehuddin Ahmed said on Tuesday.
“Some banks are recovering. Islami Bank, the largest bank, is improving. However, some banks will continue to struggle. But we will not shut down any bank,” he said while speaking at a press conference at the Secretariat, organized by the Ministry of Finance.
The adviser mentioned the government’s commitment to stabilizing the banking sector despite challenges.
He also focused on fiscal management, mentioning that measures are being taken to reduce government expenditure. “Salaries and allowances for government officials will not be impacted,” he said.
Referring to the Annual Development Programme (ADP), Salehuddin said projects deemed unnecessary or influenced by political considerations are being reviewed for possible adjustments.