Business Recorder articles from June 2010

Business Recorder archives from June 2010

Power tariff raised by 14 paisa.
June 30, 2010... Byline: MUSHTAQ GHUMMAN The government is to increase power tariff by 14 paisa per unit from May 1, 2010 under the monthly fuel adjustment formula, notification of which is expected to be issued within a couple of days. "It is almost agreed...

Bring interest rates down: Nawaz.
June 30, 2010... Byline: MUHAMMAD SALEEM Pakistan Muslim League(N) Quaid Nawaz Sharif on Tuesday expressed his serious concern over the present significantly high interest rates in the country. Speaking to reporters after attending a briefing on public...

Index gains 30.48 points.
June 30, 2010... Byline: RECORDER REPORT Late buying in some select stocks supported the KSE-100 index to close in positive at 9,702.03 points level with a net gain of 30.48 points on Tuesday. After opening in positive the index hit 9,736.29 points intra-day...

BRindex30 up 45.52 points.
June 30, 2010... Byline: RECORDER REPORT On Tuesday, the BRindex30 opened at 7,548.37 points and touched the intra-day high of 7,608.53 and low of 7,478.42 points, and closed at 7,593.89 points with a net positive change of 45.52 points, or 0.6 percent. The...

Finance refuses to adjust Rs 29 billion PL withheld by refineries.
June 30, 2010... Byline: ZAFAR BHUTTA The Finance Ministry has refused to adjust the withheld money, amounting to around Rs 29 billion, by oil refineries on account of petroleum levy (PL) and discount on local crude oil against refineries dues pending under...

Sindh-Punjab tiff cost Irsa chief his job.
June 30, 2010... Byline: MUSHTAQ GHUMMAN Chairman Indus River System Authority (Irsa) Aman Gul Khattak, who was on long leave, has resigned due to what official circles claim his failure to deal effectively with a range of issues including the continued...

UN working with India for release of ship.
June 30, 2010... Efforts are underway for the release of a United Nations-contracted cargo ship, which was detained by India last week as it sailed towards Pakistan with decommissioned weaponry from a UN peacekeeping mission in Liberia, a UN official said here...

ISE index up 5.06 points.
June 30, 2010... Byline: RECORDER REPORT Mixed trend was observed at the Islamabad Stock Exchange (ISE) where equities moved both ways under the lead of hot favourite amid increase in the index. ISE Ten Index was up by 5.06 points, as the Index moved from...

Mixed sentiments prevail on LSE.
June 30, 2010... Byline: RECORDER REPORT Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Tuesday and the equities kept on moving up and downs and finally stayed in green zone on account of investors' interest in selective shares. The LSE-25...

Bank holiday.
June 30, 2010... Byline: RECORDER REPORT The State Bank of Pakistan and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed for public dealing on Thursday July 1, 2010, which has been declared as Bank Holiday....

Rs 22 billion corruption case: FIA nabs deputy marketing manager of PSM.
June 30, 2010... Byline: AAMIR MAJEED Investigation into Pakistan Steel Mills (PSM) case on Monday took a dramatic turn when the Federal Investigation Agency (FIA) nabbed Deputy Marketing Manager of PSM, who is said to be the brainchild of Rs 22 billion...

E-filing should not be made mandatory: World Bank tells SECP.
June 30, 2010... Byline: SOHAIL SARFRAZ The World Bank has recommended to the Securities and Exchange Commission of Pakistan (SECP) that the e-filing should not be made mandatory for companies at this stage due to low usage of Internet in the country. At the...

EPZA audit disclaimer: 10 years' re-audit proceedings not signed by directors.
June 30, 2010... Byline: IQBAL MIRZA A disclaimer, based on at least 17 disqualification's contained in the audit report of Export Processing Zones Authority (EPZA), was given by A.F.Ferguson who were given the task of audit of annual accounts for 10 years -...

EPZA audit disclaimer: 10 years'' re-audit proceedings not signed by directors.
June 30, 2010... Byline: IQBAL MIRZA A disclaimer, based on at least 17 disqualification''s contained in the audit report of Export Processing Zones Authority (EPZA), was given by A.F.Ferguson who were given the task of audit of annual accounts for 10 years -...

GCC USA to invest in Pakistan Cables.
June 30, 2010... General Cable Corp (GCC) of USA has shown interest to buy seven million ordinary shares of Pakistan Cables Ltd (PCL) at a rate of one dollar per share. According to a communiquA sent to KSE here on Tuesday, PCL said that its board of director...

No decision on wheat export, old cars and LNG contract: ECC meeting held.
June 30, 2010... Byline: RECORDER REPORT The Economic Co-ordination Committee of the Cabinet (ECC) which met here on Tuesday failed to take any decision with regard to export of 2 million tons wheat, increase in age limit of used vehicles import as well as...

FBR decides to attach KESC bank accounts.
June 30, 2010... Byline: MOHAMMAD ALI The Federal Board of Revenue (FBR) has decided to attach banks accounts of Karachi Electric Supply Company (KESC) to recover Rs 200 million of advance tax, deducted from consumers on electricity consumption. Sources told...

HEC to send parliamentarians' degrees for verification.
June 30, 2010... Higher Education Commission (HEC) will complete the process of sending degrees of parliamentarians to respective institutions for verification in next two days. Talking to APP, Advisor to HEC Dr Mehmood Raza said HEC will send a total of 934...

Aptma team meets Hafeez Shaikh.
June 30, 2010... A six-member delegation of All Pakistan Textile Mills Association (Aptma), led by its Chairman, Shahzad Ahmad, called on Dr Abdul Hafeez Shaikh, Federal Minister for Finance here on Tuesday. During the meeting, the members of Aptma discussed the...

'Contribution by MPAs on budgetary proposals useful'.
June 30, 2010... Byline: RECORDER REPORT Punjab Finance Minister Tanvir Ashraf Kaira has said that a budget for a financial year is not only an exercise of numbers but in reality, it is an expression of political, economic and social vision of a government....

CDA announces a surplus budget of Rs 22.7 billion for fiscal year 2010-11.
June 30, 2010... Byline: TAHIR AMIN Capital Development Authority (CDA) on Tuesday announced a surplus budget of Rs 22.7 billion for next fiscal year (2010-11), ie 14 per cent less than Rs 26.5 billion earmarked for the out-going fiscal year. Next year's...

Coming wheat procurement season: food department asked to finalise storage arrangements.
June 30, 2010... Byline: RECORDER REPORT Punjab Chief Minister, Shahbaz Sharif has urged the provincial food department to finalise the wheat storage arrangements prior to the procurement season next year and modern silos should be constructed for this...

US CG, USAID in-charge, chief minister discuss cooperation in education.
June 30, 2010... Byline: RECORDER REPORT American Consul General in Lahore Carmella Conroy and In-charge USAID Programme in Punjab Julie Koenen Grant called on Punjab Chief Minister Muhammad Shahbaz Sharif at his secretariat here Tuesday, and discussed...

Autonomy status for colleges: Jamaat e Islami slates Punjab government decision.
June 30, 2010... Byline: RECORDER REPORT Jamaat e Islami Secretary General, Liaquat Baloch, has slated Punjab government decision to give autonomous status to 26 colleges and 40 per cent raise in different Education Boards' fees terming it anti education...

Seminar on 'Literacy and Impact of Development of Society' held.
June 30, 2010... Byline: RECORDER REPORT Punjab Literacy department and Unesco jointly arranged a seminar on "Literacy and Impact of Development of Society" at Jinnah Hall Tuesday. MPA Anjum Safdar was the chief guest on the occasion with Addl Secretary...

UVAS reserves 46 seats for Afghan nationals.
June 30, 2010... Byline: RECORDER REPORT University of Veterinary and Animal Sciences (UVAS) Lahore vice-chancellor Professor Dr Muhammad Nawaz has approved reserving 46 seats for post-graduate and under-graduate Afghan students in the upcoming academic...

Transmission towers blown in Balochistan: half of rehabilitation work completed: official.
June 30, 2010... Byline: RECORDER REPORT Pepco spokesman Tuesday said over 50 percent of rehabilitation work has been completed on the destroyed towers in 3 different sabotage activities, carried out by miscreants in last 15 days in Fuleji, District...

Mobile phone repairing course.
June 30, 2010... A three-month course of mobile phone repairing and economic development organised by Society for Skills Training and Development (SSTD) in collaboration with Muslimehelfin, Germany. According to a press release of the Society issued by SSTD here...

'Brand Elections' results announced.
June 30, 2010... Bulls Eye and MEMRB announced "Brand Elections 2010" results at a local hotel in Karachi amongst much fanfare. Brand custodians, advertising, media and research professionals from across the nation attended the launch ceremony as winners' names...

Nadra achieves target of registering 90 percent of population.
June 30, 2010... Pakistan has emerged as one of the very few countries in the world where 90 percent of the adult population is registered through the most secure biometrics technology introduced by National Database and Registration Authority (Nadra). "We...

SI dies of cardiac arrest.
June 30, 2010... Byline: RECORDER REPORT A sub-inspector of Khushab police Ghulam Hussnain (55) died of cardiac arrest while waiting in a corridor of the Lahore High Court (LHC) for his turn to present record of a case before the court. Ghulam Hussnain had...

Land acquisition: Supreme Court dismisses Rangers' review petition.
June 30, 2010... The Supreme Court on Tuesday dismissed a review petition of the Pakistan Rangers seeking possession of a piece of land in Harbanspura, Lahore. A three-member bench of the apex court comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice...

Arsenic in tubewells water: Chief Justice LHC adjourns suo motu proceedings.
June 30, 2010... Byline: RECORDER REPORT Chief Justice of the Lahore High Court (LHC) adjourned to July 06 the suo motu proceedings initiated against presence of arsenic at 253 tubewells of water and sanitation agency (Wasa) in the city as managing director...

Don't worry about admissibility of 50 percent relief to basic salary; matter being pursued: FBR Chief.
June 30, 2010... Federal Board of Revenue (FBR) Chairman Sohail Ahmad has urged the FBR employees to focus their energies on the revenue generation and not to worry about the admissibility of 50 percent ad hoc relief to their basic salary as the matter was being...

'Indian objections to Pak-China nuclear deal invalid'.
June 30, 2010... Nuclear co-operation between China and Pakistan is purely for civilian purposes and in pursuance with the international rules and regulations. "Pakistan is in dire need of energy. It will continue to explore new sources and the civilian nuclear...

UK keen on expanding business, commercial ties: Hague.
June 30, 2010... Terming his last week's visit to Pakistan as "positive and substantial", British Foreign Secretary William Hague said his country was keen to expand further business and commercial ties with the South Asian country which has a range of...

Prime Minister reviews progress on People's Works Programme.
June 30, 2010... Prime Minister Syed Yousuf Raza Gilani emphasised on prioritising of the development projects in a manner so as to bring the backward areas at par with the developed regions of the country. He urged for district level meetings of elected...

Government urged to purge Constitution from all kinds of discrimination.
June 30, 2010... Byline: RECORDER REPORT Talks on "Equality of Opportunities and Rights: Step towards Women Empowerment" jointly organised by Association of Women for Awareness and Motivation (AWAM) and Liaison for Enforcement of Human Rights (LEHR) at local...

Implementation Commission for 18th Amendment: Centre allowed to oversee ongoing projects, policies till completion.
June 30, 2010... Byline: NAVEED BUTT The Implementation Commission for 18th Amendment has decided to allow the Federal Government to continue to oversee matters relating to foreign agreements, and funding and policies of ongoing projects of ministries and...

Iranian Consul General meets Khuhro.
June 30, 2010... Iran's Consul General in Karachi, Masoud Mohammad Zamani, Tuesday called on Speaker Sindh Assembly Nisar Ahmed Khuhro at his Assembly Chamber, here Tuesday. During the meeting, the two leaders exchanged views on issues of mutual interest....

Killing of Narejo: Mirza announces 0.5 million reward to police officials.
June 30, 2010... Sindh Home Minister Dr Zulfikar Ali Mirza Tuesday announced a reward of Rs 0.5 million for the police party which killed proclaimed outlaw Mubin Narejo in Keti Mumtaz, Larkana. Narejo was wanted in several cases of dacoities, murders etc....

Government allocating equal funds to parliamentarians, says Gilani.
June 30, 2010... Prime Minister Syed Yusuf Raza Gilani said on Tuesday that the government, respecting mandate of each parliamentarian, was allocating development funds to them irrespective of their party affiliation. Talking to Ms Farkhanda Amjad, Member of...

US drone attack inciting unruffled supporters of al Qaeda.
June 30, 2010... Byline: ANWAR KHAN The latest US drone attack in South Waziristan is seemingly aimed at inciting the unruffled supporters of al Qaeda and Taliban to draw draggers against Pakistan, a senior Wana based journalist Hafeezullah Wazir told media...

'Daytime movement of chemicals to be banned'.
June 30, 2010... Sindh Minister for Environment, Shaikh Mohammed Afzal has said that daytime movement of explosives, chemicals and fire-catching materials will be banned so that the tragic incidents, like the one that happened in Hyderabad, could be avoided....

51 power pilferers caught red handed.
June 30, 2010... Byline: RECORDER REPORT Lahore Electric Supply Company (Lesco) launched intensive campaign against power pilferers on the instructions of Chief Executive Lesco, Saleem Akhtar. Lesco team headed by Surveillance & Investigation Manager Syed...

China commends Pakistan's efforts against terrorism.
June 30, 2010... China appreciates Pakistan's efforts for a crackdown on three forces of evil including terrorism, said foreign ministry spokesman here Tuesday. The three evil forces - namely terrorism, extremism and separatism - have posed common threat to...

Moot on 'Pakistan Shipping and Sea Cargo Industry'.(Conference notes)
June 30, 2010... Investment Marketing Conference (IMC) is holding a one-day conference on "Pakistan Shipping and Sea Cargo Industry" on July 3 at a local hotel. This is the first time that such a conference is being organised to provide a forum for stakeholders...

Tarp-II may be launched to continue tax reform: possibility of Tarp extension discussed with World Bank.
June 30, 2010... Byline: RECORDER REPORT The World Bank (WB) and the Federal Board of Revenue (FBR) are in discussions over the possibility of extending the Tax Administration Reform Project (TARP) into a second-generation reform project. At present, the FBR...

Report on 'Accounting Procedures of PIPS' adopted.
June 30, 2010... Dr Fehmida Mirza, Speaker National Assembly chaired a meeting of the board of governors of Pakistan Institute of Parliamentary Services (PIPS) in the Parliament House Tuesday wherein the board discussed and adopted the report of its...

PCIW clarifies misconceptions.
June 30, 2010... With regards to the meeting of the Permanent Indus Commission held at New Delhi from May 29 to June 2, 2010, certain misconception have appeared in media that Pakistan Commissioner for Indus Waters (PCIW) has withdrawn Pakistan's objections or...

PPP to observe Black Day if court summons Hakim Zardari: Raja Riaz.
June 30, 2010... Byline: RECORDER REPORT Senior Punjab Minister Raja Riaz Ahmad warned on Tuesday that Pakistan People's Party (PPP) would observe Black Day if any court summoned 83-year-old Hakim Ali Zardari, father of President Asif Ali Zardari. Addressing...

PPP is aware of its enemies: Mahreen.
June 30, 2010... Byline: RECORDER REPORT State Minister for Law, Justice and Parliamentary Affairs Mahreen Anwar Raja has said that the PPP is aware of its enemies and they would not succeed in creating rift between the government and bars/benches. She was...

Commercial contract enforcement: setting up of separate commercial courts to reduce time, cost: report.
June 30, 2010... Byline: RECORDER REPORT The World Bank (WB) and International Finance Corporation (IFC) have jointly prepared a report, "Doing Business in Pakistan-2010" which proposed that setting up of separate commercial courts or establishing specialised...

Pakistan has highest maternal mortality rate in South Asia.
June 30, 2010... Byline: RECORDER REPORT Pakistan has highest maternal mortality rate in South Asian region in which most of the deaths are preventable. This was stated by experts on reproductive health at a seminar "Role of Doctors in Reproductive Health"...

Pakistan ranked 160th in latest Trade Outcome Index: Ishrat.
June 30, 2010... Byline: HASSAN ABBAS Pakistan laggard behind far behind the regional countries as far as the latest Trade Outcome Index is concerned. Bangladesh has been ranked 31 and India 89 while Pakistan is among the bottom of the rung with a rank of 160...

Zardari to visit China from July 6.
June 30, 2010... On the invitation of Chinese President Hu Jintao, President of Islamic Republic of Pakistan Asif Ali Zardari will pay an official visit to China from July 6-11, announced Chinese foreign ministry here Tuesday. "We warmly welcome President...

Punjab government urged to clear members' bills.
June 30, 2010... Byline: RECORDER REPORT Federation of Punjab Contractors Association (FPCA) has urged the Punjab government to clear the bills of its members working on different big and small official projects in the province. FPCA President Chaudhry Habib...

Rekindling partnership with Ufone.
June 30, 2010... ACCA Pakistan recently awarded Approved Employer status to Ufone. Currently, Ufone has 20 ACCA trainees working in the audit and finance department to complete their PER (Practical Experience Requirement), which is a mandatory milestone towards...

No raise in salaries: RTO staff's pen-down strike has cost exchequer Rs five billion.
June 30, 2010... Byline: RECORDER REPORT The pen-down strike by over 2,800 employees of Karachi Regional Tax Office (RTO) against government decision not to raise their salaries as per announcement made in the federal budget for 2010-11 has so far cost some...

Rs 600,000 spent on renovation of advisor's office: SAFRON misuses development funds.
June 30, 2010... Byline: WASIM IQBAL Ministry of States and Frontier Regions (SAFRON) has spent Rs 600,000 from its development funds to renovate the office of its newly appointed Advisor Asma Arbab Alamgir, sources apprised Business Recorder on Tuesday. ...

Abbottabad tragedy: action to be taken against perpetrators, says Hoti.
June 30, 2010... Byline: RECORDER REPORT Chief Minister, Khyber Pakhtunkhwa Ameer Haider Khan Hoti on Tuesday reiterated strict action against the perpetrators of the April 12 tragedy in Abbottabad in light of the report of judicial commission. "Any one found...

SBP appoints 11 primary dealers for 2010-11.
June 30, 2010... Byline: RECORDER REPORT The State Bank of Pakistan has appointed eleven primary dealers for the next financial year, which include National Bank of Pakistan, Standard Chartered Bank (Pakistan), United Bank, Habib Bank, JS Bank, Pak Oman...

JCR-VJS reaffirms ratings of Samba Bank at A/A-1.
June 30, 2010... JCR-VIS Credit Rating Company Ltd has reaffirmed the entity ratings of Samba Bank Limited (Samba) at 'A/A-1' (Single A/A- One). Outlook on the assigned ratings is 'stable'. Ratings incorporate the continued support exhibited by the sponsor,...

PSO clarification.
June 30, 2010... Apropos a news item "Favouritism fuelling resentment among PSO employees" carried by Business Recorder on Tuesday, Pakistan State Oil has stated that it categorically denies the allegations of appointing and promoting individuals based on...

Centre extends RBOD completion date further to 2012.
June 30, 2010... Byline: AFTAB CHANNA The federal government has again extended the completion period of the Rs 29.20 billion Right Bank Outfall Drain (RBOD) for two years due to lack of funds for the project, it is learnt. Sources told Business Recorder on...

'There is a lot of potential for Takaful in Pakistan'.
June 30, 2010... Byline: RECORDER REPORT Director and CEO, Pak-Qatar General Takaful Limited Rohail Ali Khan has said that there is a lot of potential for Takaful in Pakistan as only about 0.6 percent of Pakistan's GDP goes towards insurance. Speaking at the...

Rice export to South Korea begins.
June 30, 2010... Byline: RECORDER REPORT For the first time, Pakistan has started exporting rice to South Korea which, according to sources, is a highly competitive market. The first consignment of 6,202 tons rice was exported to South Korea in December 2009,...

Exports to China during first quarter touch $0.41 billion.
June 30, 2010... Byline: RECORDER REPORT Pakistan's exports to China during the first quarter of 2010 recorded at $0.41 billion showing an increase of 96.70 percent compared with the same period of last year. According to a report of Pakistani commercial...

Istiqbal made special assistant to Prime Minister.
June 30, 2010... Prime Minister Syed Yousuf Raza Gilani on Tuesday appointed Istiqbal Khan, as special assistant to the prime minister on Narcotics Control. Khan would have the status of a minister of state, said a notification issued here. Copyright 2010 APP...

SAPICO's entity rating reaffirmed at 'AA+'.
June 30, 2010... JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of Saudi Pak Industrial and Agricultural Investment Company Limited (SAPICO) at 'AA+' (Double A Plus) with a 'stable' outlook. Short-term rating...

Portfolios reshuffle in Punjab cabinet termed an eyewash.
June 30, 2010... Byline: RECORDER REPORT The reshuffle in portfolios is not a remedy to the rampant corruption and inefficiency of the N-League ministers in the Punjab provincial cabinet but actually eyewash. This was stated by the central leader of Pakistan...

Institutions of special education: chief minister Punjab announces provision of 90 ACs.
June 30, 2010... Byline: RECORDER REPORT Punjab Chief Minister, Muhammad Shahbaz Sharif has announced provision of 90 air-conditioners (ACs) and other necessary equipment to the institutions of special education so that special children could study in better...

Trauma Centre being set up in DHQ Dera Ghazi Khan.
June 30, 2010... Byline: RECORDER REPORT Under the Chief Minister Muhammad Shahbaz Sharif's policy to provide best medical facilities to the people of far flung areas especially in southern Punjab, a number of projects have been started. In this regard, a...

'Not a single party has economic agenda'.
June 30, 2010... Byline: RECORDER REPORT Hamid Sultan Dawoodi President Pakistan Economics Resource Center(PERC) said that 13th National Assembly 2010-11 budget sessions remained fail in providing any relief to the public. The Role of Parliament in the...

'Court order's violation': PPDA asks government to stop petrol pumps demolition.
June 30, 2010... Byline: RECORDER REPORT Pakistan Petroleum Dealers Association (PPDA) has demanded the government to immediately stop demolition of petrol pumps in the provincial metropolis set up on leased land. Prime Minister Yousaf Raza Gillani and...

Government must abandon plan to increase electricity rates: SCCI.
June 30, 2010... Byline: RECORDER REPORT President Sialkot Chamber of Commerce and Industry (SCCI) Mohammad Ishaq Butt in a press statement has expressed great concern on the reports that rate of electricity is being increased by minimum 6 percent with...

Government decision to increase power tariff criticised.
June 30, 2010... Byline: RECORDER REPORT A renowned businessman Muhammad, MNA Pervez Malik and PML-N Senior Vice President (Women Wing) Shaista Pervez have strongly criticised the government decision to increase the electricity tariff from Aril 1 and termed...

Irsa fills Tarbela dam on river Indus by 50 ft.
June 30, 2010... Byline: M RAFIQUE GORAYA Authorities have filled Tarbela dam on river Indus by 50 ft and stored 1.122 million acre ft in ten days and hope to fill the dam to its full capacity before September 30 as the Meteorological department has forecast...

Chicken meat prices fall in Lahore.
June 30, 2010... Byline: RECORDER REPORT Prices of chicken meat fell by Rs 15 per kilogram on Tuesday due to over production and low demand. It was sold at Rs 135 per kilogram as against Rs 150 per KG on Monday. Pakistan Poultry Association Punjab zone told...

Tevta lays down policy to appoint staff.
June 30, 2010... Technical Education and Vocational Training Authority (Tevta) has laid down recruitment policy to appoint new teaching/non-teaching staff at Tevta Secretariat, Zonal and District offices and its Institutes across the province of the Punjab. The...

Punjab providing subsidy of Rs 21 billion to various sectors: Kaira.
June 30, 2010... Byline: KHALID ABBAS SAIF Punjab Minister for Finance, Planning and Development Tanvir Ashraf Kaira has said that Punjab government is providing a subsidy of Rs 21 billion in different sectors during the next financial year, to provide relief...

Computerised voters' lists help prevent use of fake identity cards.
June 30, 2010... Byline: RECORDER REPORT Former federal secretary, Election Commission of Pakistan, Kanwar Muhammad Dilshad said that after the introducing the computerised voters' lists, the use of fake identity cards will be impossible while casting the...

Effort being made to resolve people's problems: DCO.
June 30, 2010... Byline: RECORDER REPORT DCO Saeed Wahlah has said that every possible effort was being made to redress the people's problems regarding provision of civic facilities and the ongoing special cleanliness campaign in the city was one of the...

Banks to miss agriculture credit disbursement target.
June 30, 2010... Byline: RIZWAN BHATTI For the second consecutive year, banks will miss the agriculture credit disbursement target set by the State Bank of Pakistan (SBP) for the fiscal year 2009-10 by approximately Rs 10 billion, mainly due to rising...