Tag: Banks

Banks distributed Rs220b loans in July-Dec time

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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…Read More

Banks distribute Rs118b farm loans in first quarter

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article image STAFF REPORT KHI: Agricultural credit disbursement by commercial banks has increased by 11 per cent to Rs118 billion during July-November 2013 as compared to Rs106.6 billion in the corresponding period of last year, revealed the data issued by the State Bank of Pakistan. According to details, the SBP had provisionally allocated agricultural credit disbursement target of Rs360 billion to banks for the year 2013-14, while the banks have disbursed Rs118 billion in the first five months…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

Remittance Services From Saudi Arabia to EasyPaisa and Banks Introduced

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article image Xpress Money has launched two services for its Pakistani customers in Saudi Arabia:Xpress Money has tied up with Telenor Pakistan for the "Direct to Mobile Account" service, while its "Direct to Bank Account" service will be available through 17 leading banks in Pakistan.All Telenor mobile account number holders can avail the "Direct to Mobile Account" service. New customers who wish to remit money using their mobiles can sign up with Telenor to obtain their…Read More

Islamic banks need to offer farm financing

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article image STAFF REPORT KHI: State Bank of Pakistan (SBP) Governor Yaseen Anwar has said that Islamic banks need to offer agriculture financing to tap the huge productive potential of this sector."It’s regrettable that Islamic banks have not been able to come out of the conventional shadow and lack better risk management and due diligence," Anwar said during a two-day International Conference on Islamic Business organised by Riphah University.He said that the agriculture sector and SMEs are of…Read More

Banks asked to adopt farm financing as doable business model

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article image STAFF REPORT KHI: The State Bank of Pakistan (SBP) has urged banks to adopt agricultural financing as a viable business model through development of specific products/schemes and disseminate best practices through grass-roots level programmes for farmers.Presiding over a recently held meeting of Agricultural Credit Advisory Committee (ACAC), SBP Governor Yaseen Anwar said that heavy rains of 2011 and devastating floods in 2010 had greatly affected the national economy in general and agriculture…Read More