• Hails record Rs2.22tr agriculture credit in FY24
• Financing in first half of FY25 reaches Rs1.27tr

KARACHI: The State Bank of Pakistan reported a record agricultural credit disbursement of Rs2.216 trillion in FY24, marking a 25 per cent increase from the previous year, SBP Governor Jameel Ahmad said on Friday.

Speaking at the Agricultural Credit Advisory Committee (ACAC) meeting in Multan, Mr Ahmad reaffirmed SBP’s commitment to boosting agricultural financing and ensuring sustainable growth in the agriculture sector.

“Building on this momentum, the first half of FY25 recorded disbursements of Rs1.266tr, whereas the number of borrowers rose modestly to 2.86 million,” he said.

Emphasising the need to expand financial outreach, the SBP governor urged banks to increase their rural presence, particularly in underserved and unserved areas, by designating more branches for agricultural lending and deploying additional credit officers to facilitate small farmers.

Mr Ahmad........

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