"The broad money is estimated to grow by 14.5 percent (360 billion rupees) mainly due to higher disbursements to the private sector," the State Bank of Pakistan said in a statement.

Earlier, in a quarterly report issued last month, the bank had estimated full-year M2 growth at 13 percent.

During the year, the government was expected to borrow 60 billion rupees for budgetary support purposes, and 5 billion rupees for commodity operations, the bank said.

"The private sector is estimated to avail 350 billion rupees against the earlier estimate of 200 billion rupees," it said.

Private sector credit expanded by 285 billion rupees in the first six months of the fiscal year, of which manufacturing sector got 52 percent.

The central bank said it had revised its credit plans "due to the need of higher monetary expansion during the next half of the current fiscal year" based on the revised estimates for growth and inflation.

The government expects Pakistan's economy to grow by over 7.0 percent this fiscal against a target of 6.6 percent, while inflation is also set to overshoot the government's target of 5.0 percent by at least two percent.