I am hopeful that based on its experience, ANT Financial will provide out of the box solutions for challenges being faced by the industry and consumers in Pakistan.
At that point, as was to be expected, banks retrenched, tightening credit conditions for their customers. Financial conditions became very harsh for the real economy. It took a long time to improve. Even one year ago, rates were very high for an economy that had not been growing for years and was expected to stagnate in the future.