Corporate corner: Al Baraka Bank, Al-Ghazi Tractors sign MoU

This MoU will allow the farmers and agriculturists to avail Shariah compliant financing options for rural financing


Press Release April 06, 2016

KARACHI:


Agricultural sector of Pakistan has made significant contribution to the GDP. The State Bank of Pakistan has always taken keen interest in providing credit facilities for agriculture sector to support existing farmers.


In order to promote the SBP initiative for SME sector and for Agri Financing, a Memorandum of Understanding (MoU) was signed between Al Baraka Bank (Pakistan) Limited & Al-Ghazi Tractors Limited, for the facilitation of ‘Tractor Financing’ at Al Baraka House, Karachi. This MoU will allow the farmers and agriculturists to avail Shariah compliant financing options for rural financing including financing of tractors and other credit facilities, with quicker processing and flexible payment options.  


Published in The Express Tribune, April 7th,  2016.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

E-Publications

Most Read