Tag: 11pc

Agriculture NPLs surge by 11pc

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article image STAFF REPORT IBD: Non-Performing Loans (NPLs) of agricultural financing posted a surge of 11 per cent to Rs 32 billion as on December 31, 2011, reportedly, due to post-flood effects and high cost of production."Despite healthy growth in the agricultural sector followed by bumper crop of cotton and sugarcane, NPLs of agricultural sector are on rise," sources told this scribe.According to State Bank of Pakistan's statistics, NPLs of agricultural financing have registered a pronominal…Read More