Governor of State Bank of Pakistan (SBP) Riaz Riazuddin told that Gross Domestic Product (GDP) is increasing and in 2018 it will be increased up to 5.3 percent. Our banks are providing different loan facilities to farmers and growers on nominal interest rate.
He was addressing a conference at situation of economy of Pakistan. Banks have submitted third quarter to SBP. In which they are specially promoting importance of agriculture sector like sale tax has decreased on tractor and other machineries and simple loan policies for fertilizer. That’s why it is creating great positive impact on the trade and agriculture sector. As well as present government agriculture promotional activities and joint venture with china developing stage is continued.
According to the SBP report nominal interest rate for agriculture on infrastructure and restoration of piece many farmers are being able to increase production capacity from time to time.
Opinion
As Pakistan economy is going on good path. May be it is one of the best economic year over the 70 years of Pakistan long history. Due to this reason foreign investment is coming, production capacity of agriculture products enhancing and betterment in auto industry likely to create a great positive impact on the economy of Pakistan.
By Talha Pasha
