Arab Today, arab today pakistan banks\ credit to agriculture rises
Last Updated : GMT 05:57:05
Arab Today, arab today
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*

Arab Today, arab today pakistan banks\ credit to agriculture rises Arab Today, arab today pakistan banks\ credit to agriculture rises

 



Arab Today, arab today

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*

Arab Today, arab today pakistan banks\ credit to agriculture rises Arab Today, arab today pakistan banks\ credit to agriculture rises

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday