AVN 67.98 Decreased By ▼ -2.75 (-3.89%)
BOP 9.88 Increased By ▲ 0.33 (3.46%)
CHCC 133.50 Increased By ▲ 4.25 (3.29%)
DCL 11.55 Increased By ▲ 0.15 (1.32%)
DGKC 114.35 Increased By ▲ 3.40 (3.06%)
EFERT 60.10 Increased By ▲ 0.30 (0.5%)
EPCL 44.00 Decreased By ▼ -0.70 (-1.57%)
FCCL 20.90 Increased By ▲ 0.07 (0.34%)
FFL 17.65 Decreased By ▼ -0.54 (-2.97%)
HASCOL 21.17 Increased By ▲ 0.04 (0.19%)
HBL 133.00 Increased By ▲ 0.95 (0.72%)
HUBC 81.55 Decreased By ▼ -0.59 (-0.72%)
HUMNL 8.21 Increased By ▲ 0.20 (2.5%)
JSCL 29.91 Increased By ▲ 2.51 (9.16%)
KAPCO 26.90 Increased By ▲ 0.54 (2.05%)
KEL 4.13 No Change ▼ 0.00 (0%)
LOTCHEM 12.90 Decreased By ▼ -0.03 (-0.23%)
MLCF 40.17 Increased By ▲ 1.18 (3.03%)
OGDC 108.25 Decreased By ▼ -1.02 (-0.93%)
PAEL 38.10 Increased By ▲ 0.13 (0.34%)
PIBTL 13.62 Increased By ▲ 0.20 (1.49%)
PIOC 99.00 Increased By ▲ 3.25 (3.39%)
POWER 9.24 Increased By ▲ 0.10 (1.09%)
PPL 95.27 Decreased By ▼ -0.89 (-0.93%)
PSO 202.00 Increased By ▲ 0.49 (0.24%)
SNGP 65.40 Increased By ▲ 1.06 (1.65%)
STPL 14.31 Increased By ▲ 1.06 (8%)
TRG 56.55 Decreased By ▼ -0.33 (-0.58%)
UNITY 17.61 Decreased By ▼ -0.45 (-2.49%)
WTL 1.22 No Change ▼ 0.00 (0%)
BR100 4,353 Decreased By ▼ -7.06 (-0.16%)
BR30 22,214 Increased By ▲ 1.94 (0.01%)
KSE100 41,876 Increased By ▲ 47.35 (0.11%)
KSE30 17,674 Decreased By ▼ -22.51 (-0.13%)
COVID-19 TOTAL DAILY
CASES 288,047 747
DEATHS 6,162 9
Pakistan

PM to attend signing ceremony in Lahore to ensure agri loans processing within three days      

PLRA is the custodian of ownership record of more than 55 million right holders and serves more than four million c
30 Nov 2019
  • PLRA is the custodian of ownership record of more than 55 million right holders and serves more than four million customers on annual basis.
  • Moreover, the initiative would also reduce the loan processing time from 30 days to just three days by ensuring the instant verification of land ownership.

ISLAMABAD: Prime Minister Imran Khan is scheduled to attend an agreement signing ceremony in Lahore today between the Punjab Government and private commercial banks to ensure processing of agricultural loan to farmers within three days.

The prime minister would be the chief guest of the ceremony of Service Level Agreement to be signed between Punjab Land Record Authority (PLRA) and major private commercial banks that would facilitate farmers in getting required loans from commercial banks easily.

PLRA is the custodian of ownership record of more than 55 million right holders and serves more than four million customers on annual basis.

The Service Level Agreement would introduce a secure digital link with the central database of land records and the banks would be able to verify the current /up-to date status of land for which collateral was requested.

Moreover, the initiative would also reduce the loan processing time from 30 days to just three days by ensuring the instant verification of land ownership.

It would also help the development of land and credit market, bring ease of doing business and decrease litigation.