Agriculture financing hits record Rs.1.78 trillion in FY-23: SBP
The financial institutions disbursed Rs1,776 billion under agriculture financing during fiscal year 2023 and achieved 97.6% of the agriculture credit target of Rs1,819 billion set by State Bank of Pakistan (SBP). The credit disbursement recorded an impressive growth of over 25% compared to Rs 1,419 billion disbursed in same period of last financial year 2022,…
Adil Aziz
Governor SBP Dr. Reza Baqir appreciates banks for providing agriculture credit of over Rs1.3 trillion during FY21 and sets target of Rs1.7 trillion for FY22
Dr. Reza Baqir, Governor State Bank of Pakistan, chaired the annual meeting of Agricultural Credit Advisory Committee (ACAC) today in Multan. He lauded banks performance in achieving the unprecedented level of agriculture credit disbursement of Rs1.4 trillion in FY21. He appreciated the fact that despite Covid19 pandemic challenges, collective efforts of 50 financial institutions under…