Tag: loans

SBP plans to offer soft loans to small traders

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STAFF REPORT SIALKOT: The SBP has a plan to provide soft business loans to enable small traders to expand their businesses. "The central bank has evolved a comprehensive strategy to give a boost to small industrial estate sector, besides encouraging small traders and industrialists to take full advantage and benefit of the SBP’s soft loans schemes," SBP Deputy Director Iqbal Hussain said this while addressing industrialists in Sialkot. On the occasion, GCCI President…Read More

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

Farmers sensitised on production, best use of loans

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article image STAFF REPORT IBD: In its endeavor to improve access to finance to the farming community, State Bank of Pakistan has been conducting financial literacy and awareness programmes for farmers at grass root level. Kamran Bakhshi, Senior Joint Director, Agricultural Credit and Microfinance Department, SBP, said this while addressing a one-day Farmers’ Financial Literacy and Awareness programme on Agricultural Financing’ in collaboration with the Bank of Khyber at District Dera Ismail…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

Mobilink raises Rs.2b loans

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article image PROPAKISTANI: Mobilink has raised Rs 2 billion through privately placed Term Finance Certificates (TFCs) also known as secured loan raised through institutional investors, said a notice sent to Karachi Stock Exchange.However, this is yet not clear that this capital injection will be used for network expansion, 3G rollout, investment in branchless banking or for an upcoming acquisition.According to details, the maturity of these TFCs are up to 48 months with the maturity date of March and April…Read More

SBP plans to give Rs. 285b farm loans

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article image STAFF REPORT KHI: The State Bank of Pakistan has set Rs 285 billion target for disbursement of agriculture loan among small farmers for current fiscal year."These agri loans are being given to farmers through one-window operation. The farmers could give better output if banks provide them loan in time on easy instalments," said Director Development Finance of SBP Karachi, Dr Muhammad Saleem, while addressing a recent conference on agricultural and Industrial Awarenes.The SBP is playing…Read More

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