1st RACC meeting arranged by the Bank of Punjab for South Punjab

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The Bank of Punjab being the Champion Bank–South Punjab arranged 1st Meeting of Regional Agri Cordination Committee(RACC) on March 15th 2022, at SBP-BSC Multan under the chairmanship of Mr. Zafar Masud (President & CEO – BOP).

The basic purpose of the meeting was to devise a strategy to achieve SBP Agri Targets for South Punjab through collaboration among member Banks/DFI’s. Director, AC&MFD – SBP, Mr. Noor Ahmed also attended this meeting besides Chief Managers SBP BSC Multan and Bahawalpur, Agriculture/Credit Heads of commercial, microfinance, specialized banks, and representatives from Pakistan Microfinance Network (PMN).

In the last Meeting of Agricultural Credit Advisory Committee held on 20th December 2021, Governor SBP, Mr. Reza Baqir formally introduced concept of Champion Bank to serve the under developed areas.

Mr. Zafar Masud (President & CEO – BOP), briefed the participants regarding strategy to be adopted to achieve the desired goals . He emphasized on financial inclusion of small farmers in underserved districts of South Punjab.

Mr. Masud also shared his views and approach in dealing with major challenges being faced by agriculture sector in south Punjab. He also committed to extend his full support on behalf BOP to make this concept a success story.

Mr. Noor Ahmed, Director SBP while briefing the participants dwelled upn the expectations and requirements under the new regime of Champion Bank Concept and its role in Agri financing in the region.

He urged the participants to undertake new initiatives and develop innovative products and solutions to counter various challenges being faced by the country particularly in regard to food security and food inflation.

He added that the best ideas and products/solutions will be presented in the upcoming meeting of Agricultural Credit Advisory Committee (ACAC).

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