Farmers can use EWR for bank loan.

KARACHI -- The State Bank of Pakistan (SBP) on Thursday allowed the farming community to use Electronic Warehouse Receipt (EWR) as collateral for lending against agriculture produce and commodities.

The move will allow farmers, traders, and processors to avail financing facility from banks and improve access to formal credit, reduce losses arising from wastage of agricultural commodities after harvest, increase farmer profitability and reduce risks of banks by...