Please refer to ACD Circular No. 01 of 2010 dated 09 th August, 2010 on the subject.
2. Finance Division (Internal Finance Wing), Government of Pakistan vide Notification S.R.O No. F. 12 (1) IF-I/2009- Vol-II-820 dated July 13, 2015 (copy enclosed ) has made amendments in the Loans for the Agriculture Purpose Rules, 1973 enhancing the Produce Index Unit (PIU) value from Rs. 2,000/- to Rs. 3,000/-.
3. All banks are advised to note the amendments made in the Loans for the Agriculture Purpose Rules, 1973 as notified in the above said notification and also issue instructions to their branches for necessary action in this regard. However, SBP’s instructions allowing Banks to accept agricultural land, as security, on the basis of the realizable value / forced sale value in addition to market value or PIU value shall remain unchanged.
4. Please acknowledge receipt.
Encl: As Above