Memorandum of Understanding has been signed between Zarai Taraqiati Bank Limited and Pakistan Agriculture Storage and Supply Corporation

Islamabad: As a result of mutually beneficially understanding between the acting president ZTBL, Madam Roohi Raees Khan and the head PASSCO Major General (R) Sohail Shafqaat an MOU has been signed between Zarai Taraqiati Bank Limited (ZTBL) and PASSCO today in order to facilitate the farmers community in selling their Agriculture Produces.

Khalid Mahmood Gill, EVP Recovery and SAM (ZTBL) and LT. Col (R) Raja Muhammad Younas, General Manager HRPASSCO SIGNED the MOU on behalf of their respective organization at the main office of PASSCO Lahore. Mr. Ishaq Deputy General PASSCO and Zonal Chief Lahore were also present at this ceremony.

The basic purpose of MOU is to create such an atmosphere which will facilitate the farmers who have borrowed funds from ZTBL, in getting the price of their Agriculture Produces Easily. This whole process will be introduced through the specified centers of PASSCO. According THO this MOU, ZTBL will provide a list of its borrowers to the PASSCO and an in term PASSCO will provide the price of Agriculture produce purchase to ZTBL through its different branches.

PASSCO will be providing this facility to all those ZTBL borrowers who has availed loans for the current wheat crop. The Khanewal zone of PASSCO has been selected for the initiation of this pilot project and during the coming years, this facility will be expanded to other zones of PASSCO as well.

For more information, contact:
Shahzad A. Butt
Vice President Public Relations Department
Zarai Taraqiati Bank Limited. (ZTBL)
Head Office, P.O Box No.1400, Islamabad
Tel: +9251 925 2681
Fax: +9251 925 2682
Cell: +92345 514 5044

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