The resilience of consumer spending is all the more striking given the backdrop of the substantial correction in the housing market that became increasingly evident during the spring and summer of last year.
We have started the training courses in real earnest and I have asked the IBP to give priority to this area but we need trainable material from the banks. I hope that the Pakistan Banks Association (PBA) will form an internal working group to bring their member institutions to reach minimum standards by certain timelines.