Banks distribute Rs118b farm loans in first quarter

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

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