UAE Ras Al Khaimah Free Trade Zone delegation in Pakistan to attract investors
Karachi, A high level delegation of Ras Al Khaimah Free Trade Zone (RAK FTZ), one of fastest growing and most cost effective FTZs in United Arab Emirates is organizing road shows, seminars in Pakistan to attract businessmen. Pakistan is third [...]
Karachi, May 21 PPI: Agricultural credit disbursement by banks surged by 15.29 percent on year-on-year basis to Rs 223.845 billion in first ten months (July-April) of current fiscal year (2011-12). In absolute terms, credit disbursement to agriculture sector increased by over Rs 29.688 billion in July-April, 2012 when compared with total disbursement of Rs 194.157 billion in same period of last fiscal year, State Bank of Pakistan said Monday. Overall credit disbursement by five major commercial banks including Allied Bank Limited, Habib Bank Limited, MCB Bank Limited, National Bank of Pakistan & United Bank Limited stood at Rs 120.415 billion in July-April, 2012 compared with Rs 107.720 billion in July-April, 2011 depicting increase of Rs 12.695 billion or 11.79 percent. Zarai Taraqiati Bank Limited, largest specialized bank, disbursed total of Rs 43.906 billion in July-April, 2012, up by 0.51 percent when compared with Rs 43.681 billion disbursement in same period of last fiscal. Punjab Provincial Cooperative Bank Limited disbursed Rs 6.352 billion in July-April, 2012 up 39.81 percent when compared with Rs 4.543 billion disbursement in same period of last fiscal. Fourteen domestic private banks also loaned combined amount of Rs 44.143 billion in July-April, 2012 up by 15.52 percent compared with Rs 38.213 billion disbursement in same period of last fiscal year. Five Microfinance banks including Khushhali Bank Ltd., NRSP Microfinance Bank Ltd., The First Microfinance Bank Ltd., Pak Oman Microfinance Bank Ltd. & Tameer Microfinance Bank Ltd. disbursed total of Rs 9.030 billion in July-April, 2012. SBP for first time has given indicative target of Rs 12.20 billion to Microfinance banks for credit disbursement to agriculture sector during current fiscal year. SBP set indicative agricultural credit disbursement target of Rs 285 billion for current fiscal.
Karachi : Agricultural credit disbursement by banks surged by 15.29 percent on year-on-year basis to Rs 223.845 billion in first ten months (July-April) of current fiscal year (2011-12). In absolute terms, credit disbursement to agriculture [...]
Leather exports likely to face further slump
Karachi : As exports of leather and leather goods have already dropped by 10 percent during the current fiscal year it is likely to further decline by 10 per cent during the next quarter, warned Chairman Pakistan Tanners Association (PTA) [...]
Islamic banks asked to share profits alike as per Islamic principles
Karachi : Speakers at the 1st Islamic Finance Expo and Conference have asked Islamic banks to distribute the profit among shareholders and depositors alike and on the basis of Islamic principle of justice.
They said that depositors hand over [...]
Islamic Development Bank, Asian Development Bank $133mln funding to Pakistan to promote wind energy farms
Karachi : Jeddah-based Islamic Development Bank (IDB) in partnership with Asian Development Bank (ADB) has signed a US$133 million agreement for long-term lease finance (Ijara) facility for the development of two wind power projects in Sindh [...]
SCCI rejects hike in power tariff
Sialkot, Sialkot Chamber of Commerce and Industry (SCCI) has strongly rejected the recent 16 percent increase in power tariff by the government, saying that this increase will drive the last nail in the coffin of country’s dying economy. [...]
ICCI calls for sufficient budget for SMEs development
ISLAMABAD, Small and Medium Enterprises (SMEs) have been playing a key role in providing impetus to economic development, therefore Government should allocate sufficient amount of budget for SMEs development to stimulate the growth of trade [...]
Karachi Chamber of Commerce President wants Pakistanis in US lobby to get trade access
Karachi : President Karachi Chamber of Commerce & Industry KCCI Mian Abrar Ahmed wants Pakistanis living in United States to lobby to get trade access to US market by encouraging its decision makers to have Free Trade Agreement FTA between [...]
State Bank to celebrate International Museum Day May 18-19
Karachi, State Bank of Pakistan Museum and Art Gallery is organizing two-day program to celebrate International Museum Day on May 18-19, 2012 at SBP Learning Resource Centre Auditorium, Karachi to raise awareness on role of museums in the [...]
MoU signed with Agribusiness Support Fund for developing small and medium enterprises in Sindh
Karachi. Sindh Enterprise Development Fund (SEDF) inked a Memorandum of Understanding with Agribusiness Support Fund (ASF) under USAID’s Agribusiness Project, for cooperation in the areas of agriculture and agribusiness sector with particular [...]
