KARACHI – State Bank of Pakistan has disclosed that banks’ agriculture credit disbursement advanced 38 per cent to Rs219.5 billion during the first half (July-Dec) of the current fiscal year from Rs159.4bn in the same period last year.
The amount disbursed is 44pc of Rs500bn target set for this fiscal year. Under microfinance category, seven microfinance banks as a group disbursed Rs13.8bn against their annual target of Rs28.2bn, while four Islamic banks collectively disbursed Rs0.9bn against Rs2.3bn target.
MCB Bank among the major lenders achieved 64.3pc of its annual target; UBL, 55.2pc; HBL, 51pc; ABL, 37.6pc while NBP could achieve only 34.6pc. Under the specialised banks category, ZTBL disbursed Rs27.8bn against its target of Rs90bn, while PPCBL disbursed Rs4.2bn against Rs11.5bn target.
