STAFF REPORT KHI: Local banks agriculture credit disbursement rose up to 38 per cent to Rs219.5 billion during the first half (July-Dec) of this fiscal year from Rs159.4 billion in the same period last year, reveal the State Bank of Pakistan.

The amount disbursed is 44 per cent of Rs500bn target set for this fiscal year.

Among the major banks, the Muslim Commercial Bank achieved 64.3 per cent of its annual target; UBL, 55.2pc; HBL, 51 per cent; ABL, 37.6 per cent while NBP could achieve only 34.6 per cent.

Under the specialised banks category, ZTBL disbursed Rs27.8 billion against its target of Rs90 billion, while PPCBL disbursed Rs4.2 billion against Rs11.5 billion target.Under the microfinance category, seven microfinance banks as a group disbursed Rs13.8 billion against their annual target of Rs28.2 billion, while four Islamic banks collectively disbursed Rs0.9 billion against Rs2.3 billion target.

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