By a correspondent

KARACHI: (February 27 2004) During a meeting of the Agriculture Credit Advisory Committee of the State Bank of Pakistan (SBP) it was decided that banks would provide Agriculture Production Loans to tobacco growers against the agreement executed by them with the tobacco companies.

The loans given to the growers could be recovered through banks on vouchers issued by the companies to the growers.

The release added that it has been the policy of the Pakistan Tobacco Board to facilitate grant of Agriculture Production Loans to growers by the banks so that tobacco growers are not faced with undue hardships in securing these loans.

It has been decided to notify all interested growers that agreement-holders, interested in securing Agriculture Production Loans from the banks, are advised to approach the bank’s branches/Pakistan Tobacco Board in their respective areas for the purpose.

(The News)