Govt Announces Rs. 1.5 Trillion Farm Loans

Prime Minister Shehbaz Sharif has called on banks to expand agricultural financing and improve access to loans for small farmers in Pakistan, with a target of reaching Rs. 1.5 trillion in agricultural loans by June 2027. During a meeting with leaders of the country's 10 major commercial banks in Islamabad, Shehbaz highlighted the importance of agricultural loans, which had reached Rs.

1,352 billion by the end of September 2026 and benefited 3,455,313 people. The government aims to increase agricultural lending to Rs. 1,500 billion and expand the number of beneficiaries to 4.5 million by June 2027. Shehbaz emphasized that supporting small farmers with modern farming practices would improve their livelihoods, boost crop production, and strengthen food security.

The Prime Minister's Apna Ghar Program, which focused on lending to small and medium enterprises (SMEs) and agricultural financing, approved Rs. 426 billion in loans, of which Rs. 76 billion had been disbursed. The program aims to provide Rs. 700 billion in financing for housing construction and delivery in the fiscal year 2026 to 2027.

Bank representatives praised the prime minister's leadership in supporting economic stability and expressed confidence in the government's economic policies, vowing to strengthen cooperation in expanding lending in priority sectors.