During the first ten months of current fiscal year (July 2014 - April 2015), banks disbursed Rs368.7 billion which is 73.7pc of the overall annual target of Rs500 billion and 28pc higher than disbursement of Rs288.4 billion made during the corresponding period last year. The outstanding portfolio of agricultural loans has also surged by Rs35.6 billion or 12.7pc i.e. from Rs280.7 billion to Rs 316.3 billion at end April 2015 as compared to same period last year.

Five major banks as a group disbursed Rs186.9 billion or 74pc of their annual target and two specialised banks (ZTBL & PPCBL) disbursed Rs71.2 billion or 70.1pc of their annual targets of Rs101.5 billion. Fifteen domestic private banks collectively disbursed Rs81.8 billion or 70.8pc against their target of Rs 115.6 billion. Eight microfinance banks disbursed Rs 24.2 billion or 85.9pc of their annual targets whereas the four Islamic banks as a group have already surpassed their annual targets by disbursing Rs 4.6 billion against the target of Rs 2.3 billion during the period under review.

Amongst the five major banks, HBL achieved 85.8 pc of its annual target, MCB achieved 83.8pc, UBL 81.3pc, NBP 63.4pc while ABL could achieve only 55.5 pc of its individual annual target. Under the specialised banks category, ZTBL disbursed Rs 64.8 billion or 72 pc against its target of Rs 90.0 billion while PPCBL disbursed Rs 6.3 billion i.e. 56 pc against its target of Rs 11.5 billion during the period under review.

Within fifteen domestic private banks, Bank of Khyber achieved 92.6pc, Faysal bank achieved 92pc, JS bank 90.2pc, NIB bank 64.7pc, Sindh Bank 62.8pc, Bank Al Habib 59.6pc, Bank Alfalah 58.7pc, Soneri Bank 55.2pc, Bank of Punjab 54.5pc, Silk bank 54.2pc, Summit bank 52.9pc, Habib Metropolitan Bank 52.1pc while Askari bank achieved only 43.5pc each of their annual targets during Jul-Apr 2015. Standard Chartered Bank has already surpassed its annual target of Rs 2.5 billion by disbursing Rs 5.8 billion during the period.