ISLAMABAD: Senate Standing Committee on National Food Security and Research; headed by its Chairman, Senator Syed Muzafar Hussain Shah, paid a visit to Zarai Taraqiati Bank Limited, (ZTBL) Head Office here.
The honorable members of the committee were apprised by the President, ZTBL, Ihsan-Ul-Haq Khan on Bank's performance during the period 2012-2013 with special emphasis on ZTBL's contribution towards national food security.
The President of the Bank also highlighted major initiatives undertaken for safeguarding the interests of Abadkar Farmers "Subsistent Farming Community" of the country, through a formal presentation.
Opening-up of 20 new branches for outreach expansion, IT/MIS up-gradation, establishment of treasury, launching of four new lending schemes, achievement of deposit target, increased lending by Rs. 7 billion (lending amounting to Rs. 71.1 billion) and substantial recovery of Rs. 72 billion are few of the major milestones achieved during the year.
"This envisaged to enable ZTBL to serve its mandate with dedicated focused approach", elaborated by the president ZTBL.
Facilitating the farming community by introduction of Islamic Banking mode of financing was also discussed.
Responding to this President ZTBL clarified that absence of commercial banking license and non-availability of funds are two of the major issues faced by ZTBL, keeping ZTBL's potential handicapped for letting ZTBL play its due role as a purpose vehicle to revolutionize the agriculture sector of the country by large.
President ZTBL, further assured the committee of ZTBL staying committed towards its role for the development of agriculture sector despite of the above stated limitations.
Acknowledging the fact that no financial injection has been made by since a decade to ZTBL, Senator Syed Muzafar Hussain Shah, Chairman of the Committee, praised the President ZTBL's efforts and their bearing fruits thus far.
Reiterating the importance of ZTBL as the sole dedicated institution of the country, and ZTBL's envisaged role for national food security and betterment of Abadkar Farming Community, Senator Syed Muzafar Hussain Shah ensured of his full support and all out extended corporation of the Committee in overcoming the resource deficiency by the Government/SBP for increasing ZTBL's outreach qualitatively & quantitatively, so to work for better future of the generations to come.
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