Islamabad, March 19: Fauji Fertilizer Company (FFC) has signed Memorandums of Understanding (MoUs) with four leading banks to facilitate clean financing of up to Rs500,000 for farmers registered with its Sona Centers.
This collaboration aims to enhance financial inclusion and foster agricultural growth in Pakistan.
Through this partnership, FFC and the banks have committed to providing up to Rs1 billion in clean financing, ensuring that vital financial support reaches Pakistan’s farmers, who are considered the backbone of the country’s economy.
The initiative highlights the shared goal of supporting Pakistan’s agricultural sector by making it easier for farmers to access funds for quality agricultural inputs and boost productivity.
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Key Banks Participating in MoU
The MoU signing ceremony, held at Serena Hotel, Islamabad, was attended by key industry leaders, including FFC’s Chairman Lt. Gen Anwar Ali Hyder (R) and MD & CEO Mr. Jahangir Piracha.
Prominent banking executives such as Mr. Zafar Masud, President & CEO of Bank of Punjab, Mr. Atif Aslam Bajwa, President of Bank Alfalah, Mr. Zia Ijaz, President & CEO of Askari Bank, and Mr. Altaf Hussain Saqib, Head of Commercial Banking at Faysal Bank, were also present.
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This agreement reinforces FFC’s commitment to empowering farmers, promoting financial inclusion, and contributing to the sustainable development of Pakistan’s agricultural sector.
It represents a significant step forward in agricultural finance, setting the stage for enhanced economic growth and prosperity for the farming community in Pakistan.
