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