Tag: 12pc

12pc growth in broadband penetration in 2015

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article image STAFF REPORT ISB: Thanks to millions of 3G and 4G users, the year 2015 witnessed a 12 per cent growth in broadband penetration from mere 2.07 per cent in 2014. At the end of November 2015, the total number of broadband subscribers reached 24.78 million, out of which 21.68 million broadband users were on 3G/4G technology, 1.5 million were on DSL and another 1.3 million were using EvDO. This huge increase in broadband usage is clearly the result of 3G/4G services but less than 20…Read More

Banks farm credits up by 12pc

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article image STAFF REPORT LHR: Disbursement of agricultural credit by banks increased 12 per cent to Rs140.32 billion in the first half (July-December) of the current fiscal year compared to the corresponding period of previous year.According to figures released by the State Bank of Pakistan, in July-December 2011, farmers had borrowed Rs125.21 billion from the banks.Of the total lending to farmers, five major commercial banks - Allied Bank, Habib Bank, MCB Bank, National Bank and United Bank - enjoyed a…Read More