Tarin urges ZTBL to adopt austerity steps for a long term turnaround

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Mohammad Arshad
Islamabad

Finance Minister Shaukat Tarin, Tuesday, said that the ongoing Covid-19 pandemic had made it imperative to implement digital transformation in operations for increasing transaction volumes.

In a briefing session by President ZTBL here Finance Minister Tarin urged the bank management to adopt prudent lending, stringent accounting controls, innovative banking solutions and austerity measures for a turnaround in the long term.

ZTBL is a leading agro-financing bank in Pakistan which has been extending loans to poor farmers aimed at boosting agricultural productivity at the grass root level, he said.

President ZTBL briefed the Finance Minister about the quarterly profit registered by the Bank ending on 30th June 2021, after a gap of almost four years.

The President acknowledged the guidance of the Advisory Committee, headed by the Finance Minister, which spearheaded the reform process at ZTBL.

He also underscored the importance of measures adopted by the Bank in making its operations sustainable.

The Finance Minister directed the management to make concerted efforts to augment the specialized operations of the Bank and make it sustainable and dynamic for promoting agro-farming in the country.

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