Rawalpindi(Staff Reporter);FFC & AKBL Join Hands to Boost Agricultural Financing, Fauji Fertilizer Company Limited (FFC) and Askari Bank Limited (AKBL) have signed a memorandum of understanding (MOU) to enhance agricultural financing in Pakistan. The signing ceremony took place at FFC Head Office on Wednesday, July 24, 2024,
Key Points:
Strategic Partnership: FFC and AKBL have entered into a strategic partnership to provide easier access to credit and tailored financial solutions for farmers .
Agricultural Development: The initiative aims to promote modern agricultural practices, support agricultural development, and improve farmer livelihoods across the country .
Financial Inclusion: The partnership seeks to facilitate enhanced financial inclusion and productivity in the agricultural sector .
Sustainable Growth: The collaboration is expected to drive transformative change in farming communities across Pakistan and foster sustainable growth in the agricultural sector.
Joint Effort: Senior Management from both parties have expressed their enthusiasm for the collaboration, highlighting its potential to drive positive change .
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The MOU signing ceremony was attended by senior management from both FFC and AKBL, including Brig Ashfaq Ahmed, SI (M) (Retd), Company Secretary of FFC, and Mr. Fahd Sardar Khan, Country Head .Agriculture & Rural Business Division of Askari Bank Ltd .
The partnership will establish All-Encompassing Sona Farmer Community Centers, which will provide technical, financial, and educational support to farmers under one roof .
