This was stated by Mian Muhammad Shafiq Arain, Parliamentary Secretary for Communication at the inauguration of ZTBL's ATM at Lodhran.
He further stated that the Government of Pakistan brought about a way to increase national financial inclusion strongly in its 100 days agenda according to which digital transactions, fetching of deposit, promotion of Islamic Banking will be entertained. It also envisages enacting legal amendments to establish collateral management companies for promoting Warehouse, Receipt Financing.
I am delighted to know that in a very timely manner ZTBL started the ATM and Debit Card including collection of Hajj Applications, Utility bills and Islamic Banking which will play a decisive role for the population of our country, because majority of our population resides in rural areas and these steps will definitely be advantageous to the rural population especially the small farmers. The chief guest declared that the Bank's promotional activity as a blessing in easing credit facilities for the farmers which all became possible with the efforts of the present management.
"Bank's consistency of maintaining its (AAA/A-1+) rating is proof enough of the Bank's activity and maintenance of its financial position. Taking advantage of this occasion I am pleased to announce that the government in order to further improve and increase productivity of the agricultural sector has in the coming 3 years approved a package of Rs 200 billion of which Rs 82 billion has already been launched. This can also be used for CPEC and development of other provinces. The government has decided to enhance the value of produce index unit from Rs 4000 to Rs 6000.
Earlier, the President ZTBL Sheikh Amanullah in his address had stated that we have come to assist the small farmers by introducing ATM by which the small farmers will be able to get their agricultural necessities timely with which they will be better able to improve themselves with the country.-PR