Tag: credit

US starts access to credit initiative for small businesses

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article image STAFF REPORT ISB: USAID has announced $60 million development credit support availability through four Pakistani banks, which will provide loan capital to underserved businesses to help them expand, create jobs and increase revenues. This was disclosed at the recently concluded Third Pak-US Business Opportunities Conference in Islamabad. The US government launched the US-Pakistan Partnership for Access to Credit programme. Donald Larry Sampler, Assistant to the Administrator in…Read More

Agri credit disbursement surges to Rs 288.7b

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STAFF REPORT KHI: During first eight months of the current fiscal year (July-Feb. 2015) the banks disbursed Rs 288.7 billion which is 57.8 per cent of the overall annual target of Rs 500 billion and 32.3 per cent higher than the disbursement of Rs 218.3 billion made during the corresponding period last year. The outstanding portfolio of agriculture loans has increased by Rs 34.2 billion i.e. from Rs 273.4 billion to Rs 307.6 billion by February 2015 as compared to same period last year.…Read More

Carbon monitoring, sequestration a way forward to carbon credit

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article image The process of capturing and long-term storage of atmospheric carbon dioxide is known as carbon sequestration. It is helpful in mitigating global warming. Sequestration of atmospheric CO2 can be achieved by reducing fossil fuel consumption and identification of sinks for long term storage of carbon dioxide. Terrestrial sink includes plants and soil. Both of them are known as main storage house of carbon dioxide. Agriculture is central to economic growth and development of Pakistan. No doubt…Read More

France agrees on credit facility for 2 power projects

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STAFF REPORT ISB: Pakistan and France have signed an agreement for the establishment of two hydropower projects in Pakistan here on Wednesday. This financing aims at completing the two hydropower projects with a total capacity to produce 785MW. The Munda Hydropower Project (740 MW) is located in the Mohmand Agency. The Harpo Hydropower Project (35MW) located in the Gilgit-Baltistan, Skardu region will enable the government to meet the future demand of the region and also to establish the…Read More

Farm credit disbursement surges by over 13 per cent

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article image STAFF REPORT IBD: The agricultural credit disbursement by banks surged by 13.21 per cent on year-on-year basis to Rs 169.42 billion in the first seven months of the ongoing fiscal year. In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 19.77 billion in July-January, 2013 when compared with the total disbursement of Rs 149.65 billion in the same period of the last fiscal year.According to the available data, the overall credit disbursement by five major…Read More

Farm credit disbursement surges to Rs. 255b

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article image STAFF REPORT KHI: The agricultural credit disbursement by banks surged by 13.11 per cent on year-on-year basis to over Rs 255 billion in the first eleven months (July-May) of the outgoing fiscal year, said State Bank of Pakistan here.SBP said in absolute terms, disbursement of credit to the agriculture sector increased by over Rs 29.566 billion in July-May, 2012 when compared with total disbursement of Rs 225.461 billion in the same period of the last fiscal year. The bank said that overall…Read More

Farm credit release down by 15pc

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article image STAFF REPORT KHI: The agricultural credit disbursement by banks surged by 15.29 per cent on year-on-year basis to Rs 223.845 billion in the first ten months of the current fiscal year. In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 29.688 billion in July-April, 2012 when compared with total disbursement of Rs 194.157 billion in the same period of the last fiscal year.In total, the credit disbursement by five major commercial banks including ABL, HBL, MCB…Read More

Hazara farmers to get Rs 1.6b SBP credit

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article image STAFF REPORT IBD: The State Bank of Pakistan (SBP) will disburse agricultural loans to the tune of Rs 1.60 billion amongst 12,000 growers and land owners of Hazara Division through commercial banks and other financial institutions.Deputy Chief Manager, SBP, Rawalpindi, said this at a recently held meeting with Commissioner, Hazara, Khalid Khan Umerzai. He said that an amount of Rs 1.60 billion will be disbursed among the growers and land owners of Hazara Division for crops, orchards, poultry,…Read More

| 16b | credit | farmers | Get | Hazara | Rs | SBP

Farm credit mechanism needs major overhaul

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article image STAFF REPORT IBD: Pakistan has witnessing increase in farm credit this fiscal year by Rs125 billion, including Rs5.5 billion by the microfinance banks and with the 21 per cent contribution to the GDP, the farm sector continues to be the country’s most important economic sector. However, despite such increase over the past decade, the net share of agricultural credit in the total formal-sector credit portfolio remained at only 4.5 per cent at the end of the year 2009-10 portraying a very dismal…Read More