Credit disbursement to Pakistan’s agriculture sector reached Rs. 1.26 trillion by the end of the first half of the current financial year (FY25), surpassing the full-year target of Rs. 2.5 trillion set by the banking regulator for commercial banks.
This update was shared by the State Bank of Pakistan (SBP) Governor, Jameel Ahmad, during a meeting with businessmen and traders at the Multan Chamber of Commerce and Industry.
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Governor Ahmad emphasized that the country’s prudent monetary policy has been crucial in restoring macroeconomic stability. He highlighted several recent policy measures aimed at improving the ease of doing business, including initiatives for export and import facilitation, dividend repatriation, support for freelancers and IT exporters, and the enhancement of the digital ecosystem.
Additionally, the governor revealed that SME financing increased from Rs. 543 billion in December 2023 to Rs. 638 billion by December 2024. He also praised the role of the Multan Chamber of Commerce and Industry (MCCI) and encouraged the business community to invest in future technologies and tap into non-traditional markets to diversify the country’s overall exports.
It is worth noting that in the previous financial year, credit disbursement to the agriculture sector reached Rs. 2.216 trillion.
