ZTBL, Al-Ghazi Tractors to improve farmers economy


LAHORE: Zarai Taraqiati Bank Limited (ZTBL) has agreed to extend cooperation with the


leading tractors and agriculture equipment manufacturers Al-Ghazi Tractors Limited (AGTL) to


look into the possibilities of improving farmers economy and increasing their yield.


This was agreed during a meeting between ZTBL CEO Talat Mahmood and Chairman of Al-


Ghazi Tractors andamp; President Al-Futtaim Automobile Division Dubai Len Hunt.


A committee comprising members of ZTBL and AGTL will be formed to develop a mechanism


to improve the farmers economy and crops yield. In addition, the committee would devise a


formula for more cooperation between the two organizations.


The two parties further agreed on the need for introduction of brand new combine harvesters


replacing the second-hand market, and facilitating farmers in acquiring new harvesters. AGTL


sought ZTBLs support in launching and financing of the new harvesters, while assuring the


delegation that it would revert with the newly developed attractively priced harvesters.


It was suggested by AGTL that the loan markup be made more attractive for farmers by diverting


the Green Tractors money toward reduced mark up. The ZTBL delegation said the institution


would also look into the possibility of bulk financing to facilitate service providers for buying


and renting out the agriculture equipment such as these harvesters. AGTL CEO told the meeting


that the organization has heavily invested in parameters that have directly contributed in the


improvement of quality of its products and invited the ZTBL delegation to visit its


manufacturing facilities.

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