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PAKISTANI BANKS' FARM LENDING SWELLS 28.3% TO US$259.4 MLN.
KARACHI, May 1 Asia Pulse - Pakistani commercial banks disbursed Rs15 billion (US$259.4 million) among the farmers during July-March, 2002/03, against Rs11.7 billion during the same period in the previous year, showing an increase of 28.3 per cent.
The State Bank of Pakistan (SBP) in a statement issued on Tuesday said that despite an increase of 12.4 per cent in the annual target for this fiscal year, the commercial banks had achieved 70.5 per cent of their agriculture credit disbursement targets by the end of March, 2003.
The central bank said the farm credit disbursement witnessed a rapid increase during this fiscal year as it grew by 113.6 per cent and 142.5 per cent when compared with the same period ...
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Source: HighBeam Research, PAKISTANI BANKS' FARM LENDING SWELLS 28.3% TO US$259.4 MLN.