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Wheat
ADBPconvertedintoZaraiTaraqiatiBanktoprovidecreditto
smallfarmers
Sunflower
KARACHI(December142002):TheFederalGovernmenthasconvertedthe
AgriculturalDevelopmentBankofPakistan(ADBP)intoZaraiTaraqiatiBankLtd
(ZTBL)andthenewventurehasstarteditsoperationwithimmediateeffect.
Mushroom
Thenewcorporatestructureredefinesthebanksstatueasapubliclimited
companywithanindependentBoardofDirectorpromulgatedunderthe
presidentialordinancewhich,aimsatensuringgoodgovernance,autonomy,
deliveringhighquality,viableandtimelyfinancialservicestoagreaternumberof
clienteleintheagriculturalandruralsegmentofthecountrywithadequatereturns
tothestakeholder.
Rice
Carrot
Sugarcane
more
ZaraiTaraqiatiBank(ZTBL)hasbeenregisteredwithSECPasapubliclimited
undertheCompaniesOrdinance1984andbyvirtueofFinanceOrder,allassets,
liabilitiesproceedingsundertakingofADBPstandstransferredtoandvestedin
ZariTaraqiatiBankwitheffectfromDecember14,2002.
PakAPIN
TheManagementofZTBLhastakenupthetasktoreinvigoratenewspiritto
strengthentheinstitutionalcapacityandefficacyofthisnewcorporateentityto
expanditsoutreachsoastoensurethatagricreditismadeavailableat
affordablecosttogreeternumberofsmallfarmer,womenandruralpoors.
PakissanAgri
Professionals&
InstitutesNetwork
ItisworthmentioningthattheformalfinancialsectoriscateringtoBuschlesser
percentageofagriandruralcreditdemandataffordableratesandthatalarge
proportionofsuchdemandismetthroughtheinformalsectoratexorbitant
interestrates.
JointheNetworkand
connectforoptimized
exposure.ByRegistering
atPakAPINyouget
uniquesetofServices
andBenefitswithhelpof
TherestructuringofADBPanditsconversiontoZTBLbasicallyaimsat
extendingsworecredittotheneedysegmentofproductiveandyieldingagriand
nonfarmactivities.Itishopedthatthisstepshallgreatlyenhancethecredit
distributionmechanism.Thequintessenceoftheinitiativeofisbasicallyaimed
atincreasedfunctionalautonomy,improvedservices,enhancedfarm
productivity,streamlininginstitutionalcreditandincreasedoutreachintermsof
smallfarmersandwomenfolk.
UnderthenetcorporateentityZTBListoactasacatalystinruralandagriculture
sectorforalleviatingpovertyandensuringgreateroutreach.
ThecorporatestructureofZTBLintermsofoperationalefficiencies,risk
mitigatingfactorsandorganisationaloptimalmixstandsgeareduptoacclimatise
withagricultureneedsandtobeaproactivefinancialinstitutionforeconomic
developmentandsustainableagriculturegrowth.
CourtesyBusinessRecorder
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