KARACHI: Banks have disbursed Rs54.3 billion in the first two months of current fiscal year, which is 32pc higher than the disbursement of Rs41.1 billion made during the corresponding period last year.
Banks achieved 11pc of their annual indicative targets of Rs500 billion so far. The outstanding portfolio of agri loans has increased by Rs34 billion i.e. from Rs261.6 billion to Rs295.6 billion at end August 2014 as compared to same period last year. It may be recalled that State Bank of Pakistan has allocated agricultural credit disbursement target of Rs500 billion to banks for current fiscal year.
The target is 31.5pc higher than the last year’s target of Rs 380 billion and 28pc higher than the actual disbursement of Rs 391.4 billion for 2013-14. Out of the total target, Rs 252.5 billion have been allocated to five major banks, Rs 90.0 billion to ZTBL, Rs 115.5 billion to 15 domestic private banks, Rs 11.5 billion to Punjab Provincial Cooperative Bank, Rs 28.2 billion to 7 Microfinance Banks and Rs 2.3 billion to 4 Islamic Banks for current fiscal year.
