PM Shehbaz Orders Banks to Give Farmers More Money
Prime Minister Shehbaz Sharif has directed banks and financial institutions to expand lending to farmers, small and medium enterprises (SMEs) and the housing sector.
Prime Minister Shehbaz Sharif has directed banks and financial institutions to expand lending to farmers, small and medium enterprises (SMEs) and the housing sector.
Article outline
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- The bottom line
Key points
- The session was informed that 147, 504 applications have been received under the scheme, of which 53, 127 have been approved.
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- Shehbaz remarked agriculture is the backbone of Pakistan's economy and directed that farmers be provided uninterrupted access to financing on straightforward terms.
Chairing a session on access to finance for agriculture, housing and SMEs, the prime minister stated the administration would encourage banks that proactively rise access to credit.
He additionally stated affordable housing for low income and middle class households remains a administration priority. He directed provincial chief secretaries to conduct a comprehensive survey of properties that could qualify for bank financing under the Prime Minister's Apna Ghar Scheme.
In practice, the session was informed that 147, 504 applications have been received under the scheme, of which 53, 127 have been approved. The approved applications have a total value of Rs. While Rs, 313.42 billion. 45.43 billion in loans have been disbursed to 8, 739 applicants.
Notably, the session was additionally informed that a system is being developed to identify plots nationwide that meet mortgage requirements. The pilot project will be introduced in Islamabad. Bank lending to the SME sector stood at Rs. 1.067 trillion as of August 2026. Under the Access to Finance Plan 2026 to 2028, lending to SMEs has been targeted to reach Rs. 2 trillion by June 2028. Stay Connected with ProPakistani.
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In short, PM Shehbaz Orders Banks to Give Farmers More Money is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
