ISLAMABAD: Despite passing over the period of one month of federal budget announcement, the Ministry of Finance has failed to issue notification regarding the decrease in markup of 9.50 % on agriculture loans.

The Agricultural Development Bank of Pakistan is collecting markup at the rate of 16.50 % from farmers on agriculture loans due to non issuance of notification in this regard.

It is worth-mentioning here that government in federal budget for the fiscal year 2017-18 has promised with nation that farmers would be given agriculture loans at the markup of 9 % however despite passing one month of approval of budget this promised was not fulfilled and notification of markup of 9.50 % could not be issued.

The main hurdle in this regard is PM Nawaz Sharif who claims to be a protector of rights of businessmen community and wants to exploit this community.