Furthermore, amendments were made in the Banking Companies Ordinance 1962 (BCO) to; provide legal coverage for expeditious recovery of loans. To deal with the historical portfolio of stuckup loans of the nationalized commercial banks and DFIs, the Corporate and Industrial Restructuring Corporation (CIRC) and Committee on Revival of Sick Industrial Units (CRSIU) were set up.
While the year-on-year rate of increase in the CPI has been around 1¼ percent excluding the direct effects of the consumption tax hike, that in nominal wages has been in the range of 1–2 percent and that in employee income has been above 2 percent recently.