The outlook I just presented, however, is subject to various upside and downside risks. One upside risk is that growth in emerging and commodity-exporting economies might accelerate. Recently, a growing number of emerging and commodity-exporting economies have been shifting away from accommodative monetary policies, while in China, the government has implemented measures to curb the overheating of the real estate market.
The SBP embarked upon a Technology upgradation project which will be completed this year after five years’ serious efforts. The banks have also followed the lead and from almost a scratch we have more than 800 ATMs and almost half of the branches nation-wide are connected on-line.