November 20, 2007

Pakistan poultry to receive loans
 

Pakistan's poultry industry, which produces 20 percent of the total meat in the country, may soon receive bank loans as announced by the State Bank (SBP) on Friday.

The bank loans will allow the poultry sector to modernise and improve on farming, feed manufacturing and hatchery.

Banks and other financial institutions were encouraged to develop expertise in poultry financing products. Guidelines will be set to facilitate the credit flow to the poultry sector.

SBP said that Pakistan's poultry industry has great potential and can play a major role in the economy by contributing to food supply, earning foreign exchange and reducing demand for beef and other meat products.

Poultry farmers will be encouraged to increase poultry meat and food production by adopting modern and efficient farming techniques.

Once the final guidelines will be issued, banks and financial institutions will develop new products for the poultry industry based on factors such as: target market analysis, procedures for product marketing, developing close liaisons on the field with the poultry industry representatives and analysing developments within the domestic and international poultry sectors.