Abb Takk News

Federal govt decides to reduce interest rate on agricultural debt

The Federal Government  has decided  to reduce the interest rate  on agriculture debts.

Federal Minister for Finance Ishaq Dar has chaired the special  meeting  regarding agricultural loans in which loss was covered loss faced by farmers for production of   rice, cotton and other agricultural commodities.  In this connection  schedule banks including agricultural development  bank  have proposed   that interest rate of  agricultural loans’ must be reduced  in order provide relief to farmers for this loss.  As responsible  of schedule banks have assured  to implement over this proposal  and said farmers should be provided relief  by reducing the mark-up of these loans.