The Area Yield Index Insurance (AYII) Payout Ceremony, a momentous event celebrating the approval and disbursement of successful claims, took center stage in Lahore on Friday. The ceremony not only commemorated claims payments but also emphasized the critical collaboration needed between the financial sector and agricultural stakeholders in driving resilience and sustainability in Agriculture Sector of Pakistan.
Distinguished participants at the ceremony included Mr. Zafar Masud, President & CEO of The Bank of Punjab; Ms. Elise Lee, Commercial Manager Africa & Asia from PULA, an International company founded in Mollis Switzerland, Mr. Arif Nadeem, CEO of Pakistan Agriculture Coalition and Mr. Aminuddin, CEO of TPL Insurance Pakistan.
Mr. Masud, emphasized the significance of the Area Yield Index Insurance in Pakistan. He underscored the need of public-private partnerships and the role of Federal and Provincial Governments in advancing this concept.
He highlighted that The Bank of Punjab continues to lead initiatives that empower farmers for a secure and prosperous future.
The Bank played an active role in the successful payout of area yield insurance claims, demonstrating its dedication to supporting innovative solutions for the agriculture related challenges being faced by the country’s farming community.
This commitment was realized through collaboration with local and international insurance partners.
