Our Correspondent
Karachi
A Memorandum of Understanding (MOU) has been signed between National Bank of Pakistan (NBP) and Al-Ghazi Tractors Ltd. (Al-Ghazi) for collaboration between the two organizations for development and promotion of farm mechanization on a nationwide basis.
The objectives of this MOU include increased possibility of disbursement of institutional credit for tractors, implements i.e. cultivators, disk harrows, rotavators, combine harvesters etc. to eligible farmers and service providers, improved capacity building of farmers for adoption of mechanized farming in Pakistan, improved financial literacy of farmers and entrepreneurs with a view to encourage them to avail credit from NBP.
