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ISLAMABAD: A high-level delegation from Belarus, led by Sergei Stolyarchuk, Chairman of the Bank of Development of Belarus, met with the President/CEO of Zarai Taraqiati Bank Limited (ZTBL) in Islamabad.
The meeting aimed to explore potential collaboration between ZTBL and Belarus in areas of mutual interest, particularly in agriculture. The Belarusian side proposed that ZTBL’s farmers benefit from their advanced agricultural machinery to boost mechanization and productivity in Pakistan’s agriculture sector.
During the meeting, the Belarusian delegation shared insights into Belarus’ thriving agriculture sector, which significantly contributes to their economy.
They highlighted their expertise in agricultural mechanization, heavy machinery production, and livestock development. Belarus’ agricultural exports, including dairy and meat products, play a substantial role in their global trade footprint.
The country is renowned for its cutting-edge farming practices and machinery, such as tractors and agricultural equipment.
The President/CEO of ZTBL presented Pakistan’s agriculture sector and ZTBL’s pivotal role in supporting small and subsistence farmers.
Moreover, he mentioned ZTBL’s recent disbursement of Rs. 33 billion in agri loans to small farmers under the Prime Minister Kissan Package, with over Rs. 10 billion allocated for farm mechanization.
ZTBL’s strategic position, with over 500 branches and a dedicated team, enables them to provide financial and advisory services to farmers in underserved areas.
Both sides emphasized the importance of cooperation, particularly in introducing Belarusian agricultural machinery to Pakistani farmers.
The President/CEO reaffirmed ZTBL’s eagerness to explore joint ventures, guided by the Ministry of Finance, the Ministry of National Food Security & Research, and the State Bank of Pakistan.
The meeting concluded with a commitment to continue working together, leveraging ZTBL’s reach and Belarus’ expertise in agricultural technology, mechanization, and investment in various projects in Pakistan.
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