KARACHI: Zarai Taraqqiati Bank Ltd (ZTBL) will extend cooperation to Al-Ghazi Tractors Ltd (AGTL) for allowing farmers’ access to new machinery and help increase yield.
In a meeting between ZTBL CEO Talat Mahmood and AGTL Chairman and President Al-Futtaim Automobile Division Dubai Len Hunt, it was agreed to introduce brand new combine harvesters in the market and facilitate farmers in acquiring new machinery.
AGTL sought ZTBL’s support in launching and financing the new harvesters. AGTL suggested the loan markup be made more attractive for farmers by diverting the Green Tractors funding towards reduced mark up.
The ZTBL delegation said the institution would also look into the possibility of bulk financing to facilitate service providers for buying and renting out the agriculture equipment including harvesters.
The meeting was attended by Executive Vice President ZTBL Farhat Karim Hashmi, ZTBL board member Majyd Aziz Balagamwala and CEO AGTL Mohammad Shahid Hussain.