karachi   Agricultural credit disbursement by banks surged by 15.74 percent on year-on-year basis to Rs 259.1 billion in the first ten months (July-April, FY 2013) of the current fiscal year (2012-13). According to State Bank ofPakistan, overall credit disbursement by five major ...

WASHINGTON : -President Barack Obama on Saturday claimed credit for the country's improved housing market and urged the US Congress to approve a new head of an agency that oversees housing loan agencies. Seven years after the real estate bubble burst, "triggering the worst economic crisis since the ...

Karachi - The State Bank of Pakistan extended agri loans tenor from three to five years for Small and Rural Enterprises under the Credit Guarantee Scheme to facilitate eligible farmers for purchase of tractors and other agri implements, says a circular letter addressed to all banks and micro ...

LONDON (Reuters): A scheme to get more credit flowing in Britain's stagnant economy will be expanded to include specialist lenders and will run for a year longer than planned. The BoE and the Treasury have been working on plans to extend Funding for Lending  scheme, and the newspaper said an ...

KARACHI - Agricultural credit disbursement by banks surged by 12 per cent on year-on-year basis to Rs 140.32 billion in the first half (July-December, 2012) of the current fiscal year (2012-13). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 15.11 billion ...

Prime Minister Raja Pervaiz Ashraf on Sunday said that the government was going to complete its five-year term, which was the triumph of democracy and the credit for it went to President Asif Ali Zardari.Talking to party office-bearers after offering Fateha on the death of his relative, Raja Naseem ...

TOBA TEK SINGH - PML-N Chief Mian Nawaz Sharif has said that the Chief Election Commissioner has set up a great example by holding peaceful by-elections in the country.Talking on the telephone to Toba MNA and in-charge of PML-N election campaign for NA-107 (Gujrat) Haji Junaid Anwaar Chaudhry on ...

LAHORE - The resumption of cricketing ties between Pakistan and India has been announced by the respective cricket boards, with the teams due to contest three ODIs and two Twenty20 internationals in December and January. Pakistan and India will play matches and credit goes to Zaka Ashraf for the ...

ISLAMABAD  - The World Bank (WB) approved a credit worth $150 million as additional financing for the Pakistan Social Safety Net Project aimed at supporting the expansion and strengthening the performance of country’s safety net system under the Benazir Income Support Program (BISP).The ...

KARACHI - Agricultural credit disbursement by banks surged by 20 per cent on year-on-year basis to Rs 149.658 billion in the first seven months (July-January) of the current fiscal year (2011-12). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 24.772 ...

LAHORE - National Bank of Pakistan is among top ‘five’ banks of Pakistan. While it offers complete range of commercial banking services, on the key areas is lending to farmers. For the financial year 2011-12 the State Bank of Pakistan (SBP) has fixed an indicate lending target of Rs280 ...

LAHORE – In order to let down the impression of poor performance regarding bank dacoities in the provincial capital, two police divisions, motorway police, CIA Police, investigating wing and other wings of the City Police gathered on Sunday to swallow up the credit of recovering a citizen ...

ISLAMABAD - The Supreme Court on Friday ordered DG FIA to appear on Feb 10 in a contempt of court plea regarding Khurram Rasool case, and sent the fraud case against PM’s ex-media adviser to a trial court.A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry and comprising ...

ISLAMABAD (APP) The World Bank Mission was informed that the Zarai Taqiati Bank needs to enhance its credit amount for middle term up to Rs 895 billion during next 4-5 years in order to meet the increasing demands of loans and to increase the growth rate of the agriculture sector of Pakistan. The ...

WASHINGTON(AFP) - Standard & Poors warned Sunday that there was a one in three chance of a further US credit downgrade, as lawmakers traded blame for the failure to rein in the countrys massive debt. The ratings agency docked the United States from a sterling AAA to a AA+ rating on Friday largely ...

NEW YORK - Standard & Poors has stoutly defended its Fridays decision to downgrade the U.S. governments credit rating, calling the bitter stand-off between President Barack Obama and Congress over raising the debt ceiling a debacle, and warning that further downgrades may lie ahead. Standard & ...

KARACHI - Banks credit to the private sector has swelled by Rs15.655 billion to Rs98.499 billion in July-June 4 (2010-11) as compared to Rs82.844 billion during the corresponding period of last fiscal, showing a growth of 15.89 per cent. This growth has been widely attributed to some improvement ...

THE credit card details of 77million PlayStation users could have been stolen during one of the largest Internet thefts in history, Sony admitted today. The Japanese firm suffered a massive breach in its online video game network last week that allowed the names and addresses of the users to be ...

MAILSI - The Pakistan Peoples Party will get the credit for Saraiki province, comprising 19 districts of south Punjab and two of Khyber Pakh-tunkhwa. PPP District Vehari leader Mian Riaz Ahmad Sandhal made the claim while speaking at a seminar organised to laud the performance Prime Minister Syed ...

LONDON (APP) - Standard & Poors Ratings Services has affirmed its 'B- long-term and 'C short-term sovereign credit rating on Pakistan saying that the outlook on the long-term rating is stable, according to the companys announcement on Monday. It also affirmed its 'B- issue rating on Pakistans ...

KARACHI - Agricultural credit disbursement by commercial and specialized banks rose 6.40 per cent year-on-year to Rs 215.039 billion in the first eleven months (July-May) of the current 2009-10 fiscal year (FY10). In absolute terms, disbursement of credit to the agriculture sector increased by Rs ...

LAHORE (PR) - The Pakistan Microfinance Network (PMN) launched the Microfinance Credit information Bureau at Avari Hotel on Friday. Governor SBP Syed Salim Raza launched the bureau by conducting the first transaction/query on the system. Pakistan is amongst the few countries where a specialized MF ...

KARACHI (APP) - A new law entitled 'Credit Bureau Act is in the pipeline. This was stated by Deputy Governor State Bank of Pakistan (SBP) Muhammad Kamran Shehzad. He was addressing members of Multan Chamber of Commerce and Industry (MCCI) in the Chambers premises, says a issued here on Monday. ...

KARACHI - Agricultural credit disbursement by commercial and specialized banks rose 9.53 per cent year-on-year to Rs 166.335 billion in the first nine months (July-Mar) of the current 2009-10 fiscal year (FY10). In absolute terms, disbursement of credit to the agriculture sector increased by over ...

KARACHI - The growth in the private sector credit supply by the schedule banks has slightly increased by 22.5 per cent during July-March FY10 amid improvement in the demand of working capital loans, fixed investments and seasonal finance from the corporate and industrial borrowers for their ...

KARACHI - The banks have extended credit amounting to Rs 138.4 billion to the private sector during July 1st, 2009 to March 20th, 2010 compared with Rs 106.9 billion provided in the same period last year. This was disclosed by the Deputy Governor, State Bank of Pakistan, Kamran Shehzad while ...

KARACHI - Agricultural credit disbursement by commercial and specialized banks rose 11.02 per cent year-on-year to Rs 144.703 billion in the first eight months (July-Feb) of the current 2009-10 fiscal year (FY10). In absolute terms, disbursement of credit to the agriculture sector increased by ...

KARACHI - Agricultural credit disbursement by commercial and specialized banks rose by 6.33 per cent year-on-year to Rs 124.16 billion in the first seven (July-Jan.) of the current 2009-10 fiscal year (FY10). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs ...

KARACHI - Agricultural credit disbursement by commercial and specialised banks rose 8.66 per cent year-on-year to Rs 80.952 billion in the first five months (July-November) of the current 2009-10 fiscal year (FY10). In absolute terms, disbursement of credit to the agriculture sector increased by ...

KARACHI - Italy has allocated $10 million for setting up a plant to locally produce self destructive syringes under a joint venture between Italian company and Pakistani counterpart from private sector. This was stated by Ambassador Vincenzo Prati while speaking at a presentation by Pakistan ...