President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has expressed concern over low agricultural output despite improved loans by the banks. Banks distributed Rs 598.3 billion to the Agricultural sector in 2015-16 against the target of Rs 600 billion among 2.4 million farmers but it failed to boost output, he said.
Mian Zahid Hussain said that loan disbursement remained sixteen percent higher than 2014-15 while the number of borrowers also grew by 200,000 but it has failed to have an impact on the sector. It must be probed that the loans issued in the name of agriculture sector was actually invested in the same sector, he demanded.