Agri Banking

ISLAMABAD: The government has disbursed Rs 301.7 billion agriculture credit during the first half of 2016-17 through various banks and financial institutions against the State Bank of Pakistan (SBP) set target of Rs 700 billion. According to an official document available with Business Recorder, SBP has advised to scheduled banks to provide crop loans to […]

MULTAN: The Punjab government will start registration process for issuing interest-free loans worth Rs 80 billion among farmers from Sept 19. The government would offer Rs 25,000 per acre loan for the Rabi crop and Rs 40,000 for Khareef crop. Farmers having 12.5 acres or less would be given the facility through smartphones. This was […]

Multan—Bankers and agriculture researchers have joined hands to organize a Mela next month to showcase modern technology and financial solutions to make farmers’ access to technology easier for development of non-farm agriculture. Multan Bankers Club, in collaboration with Muhammad Nawaz Sharif University of Agriculture (MNSUA) are organizing the event tentatively in the first week of […]

KARACHI: Banks disbursed Rs598.3 billion in agricultural credit almost meeting the target of Rs600bn set during 2015-16. The amount is 16 per cent higher when compared with Rs515.9bn farm loans extended during FY15. Despite negative growth of agriculture sector due to a number of real side factors, agricultural financing continued with its increasing momentum of […]

ISLAMABAD: Zarai Taraqiati Bank Limited (ZTBL) has disbursed loans of Rs. 90,976.6 million during 2015-16 to facilitate farmers and increase agriculture produce. Of the total loan disbursement Rs. 74,297.6 million were provided to farmers in Punjab, Rs. 12,197.2 million in Sindh, Rs. 3,624.3 million in Khyber Pakhtunkhwa (KPK), Rs. 248.9 million in Balochistan, Rs. 312.6 […]

ISLAMABAD – The Supreme Court on Monday upheld Peshawar High Court’s verdict and ruled that subsidy should be paid to all fertiliser manufacturers if their products met the quality standards. The PHC had passed the judgment; “If a product or a fertiliser meets the standards of Pakistan Standards and Quality Control Authority Standards Development Center […]

SAHIWAL: The Asian Development Bank (ADB) will provide a $500 million loan to the Punjab government to improve infrastructure of solid waste, water supply, transport, drainage and sanitation in six cities in 10 years. The phased, piloted project will first start in Sialkot and Sahiwal where consultants are working on feasibility reports regarding environmental change, […]

Federal Minister for Finance Muhammad Ishaq Dar Thursday told the Upper House of Parliament that as per policy of State Bank of Pakistan (SBP) all commercial banks are required to open at least 20% of their new branches in rural/underserved areas. In a written reply to a question of Senator Nuzhat Sadiq, the Finance Minister […]

ISLAMABAD: The Election Commission of Pakistan (ECP) is likely to scrap Nawaz Sharif’s Rs341 billion Kissan package on Tuesday. The Kissan package was announced ahead of the local government elections in the province. According to sources, secretaries of the Ministry of National Food and Security and the Ministry of Information and Broadcasting are set to […]

KARACHI: Agriculture credit disbursement by banks increased by 31.40 per cent to Rs439.8 billion during the first 11 months (July-May) of the outgoing fiscal year as compared to Rs334.7bn in the same period last year. The banks so far achieved 88 per cent of their combined target of Rs500bn set for 2014-15, said the State […]