pakistan banks\ credit to agriculture rises
Tuesday 21 January 2025
Last Updated : GMT 06:49:16
Arab Today, arab today

Pakistan banks' credit to agriculture rises

Arab Today, arab today

Arab Today, arab today Pakistan banks' credit to agriculture rises

Karachi - Arabstoday

Credit disbursement by banks to agriculture sector was higher than last year in the first seven months of the current fiscal year, but still not up to the target set by the State Bank for the entire year. The State Bank of Pakistan (SBP) said on Thursday that agricultural credit disbursement by banks surged by 20 per cent year-on-year basis to $1.66 billion in the first seven months (July-January) of the current fiscal year (2011-12). In absolute terms, disbursement of credit to the agriculture sector increased by over $275.24 million in the seven months as compared with total disbursement of $1.39 billion in the same period of the previous fiscal year. However, as per full target the total disbursements in the seven months, it should be around $1.84 billion with an average of $263.89 million per month. The State Bank has set an indicative agricultural credit disbursement target of $3.17 million for the current fiscal year. Overall credit disbursement by five major commercial banks, including Allied Bank Limited, Habib Bank Limited, MCB Bank Limited, National Bank of Pakistan and United Bank Limited stood at $916.24 million in seven months compared with $760.9 million disbursements during the same period of the previous year. Zarai Taraqiati Bank, the largest specialised bank, disbursed a total of $292.9 million in July-January, 2012, down by 0.03 per cent when compared with $292.99 million disbursement in the same period of the last fiscal year. Punjab Provincial Co-operative Bank Limited disbursed $55.33 million in July-January 2012, up by 28.49 per cent when compared with $43.06 million disbursement in the same period of the last fiscal year. Fourteen domestic private banks also loaned a combined amount of $322.178 million in this span of time, up by 10.84 per cent compared with $290.67 million disbursement during the last fiscal year. Five Microfinance banks, including Khushhali Bank, NRSP Microfinance Bank., The First Microfinance Bank, Pak-Oman Microfinance Bank and Tameer Microfinance Bank disbursed a total of $76.2 million in July-January, 2012 period.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pakistan banks\ credit to agriculture rises pakistan banks\ credit to agriculture rises

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pakistan banks\ credit to agriculture rises pakistan banks\ credit to agriculture rises

 



GMT 01:34 2017 Sunday ,19 February

Dashti loses last hope to run in Kuwait’s elections

GMT 03:38 2017 Saturday ,18 November

England and Australia set for clash of the titans

GMT 08:21 2017 Monday ,06 March

Iran indicts nuclear negotiator, holds

GMT 09:14 2017 Sunday ,12 November

Crown Prince congratulates Moroccan King

GMT 12:33 2017 Monday ,07 August

European stocks buoyed by bright US jobs data

GMT 10:03 2017 Wednesday ,22 February

Actress Nadeen Najim confident of "Haiba" success

GMT 19:54 2017 Friday ,11 August

Credit Suisse bars trades on some Venezuelan bonds

GMT 20:14 2016 Tuesday ,18 October

Iran Air Force begins large-scale drills

GMT 05:29 2017 Thursday ,13 April

Greece completes sale of 14 airports

GMT 11:24 2017 Thursday ,06 April

Dora is absent from Ramadan Dramas

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90

GMT 01:35 2017 Wednesday ,09 August

Russia Foreign Minister to Visit Japan in Fall

GMT 14:19 2017 Thursday ,19 January

Hana Shiha started working in two new TV series

GMT 05:24 2016 Thursday ,23 June

Emirates Academy is a leading centre

GMT 16:01 2016 Thursday ,09 June

China’s imports fall slows in May
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday