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Wednesday, April 24, 2024

HBL & BACQ team up under SBP Champion Bank Initiative

HBL is the Champion Bank for Balochistan and is envisioned to improve access to agriculture credit, financial inclusion, and uplifting of the Agri sector and rural communities in the underserved province.

HBL and Balochistan Agriculture College Quetta (BACQ) signed a Memorandum of Understanding to provide a practical learning experience to the BACQ graduates in the banking industry and create skilled human capital.

As nominated by the State Bank of Pakistan (SBP), HBL is the Champion Bank for Balochistan and is envisioned to improve access to agriculture credit, financial inclusion, and uplifting of the Agri sector and rural communities in the underserved province.

Under the sparsely located agriculture pockets and socio-economic conditions, the availability of local resources for banks has been identified as the most important and major challenge in improving financial outreach.

Under this collaboration, BACQ students will be provided training and awareness of agriculture lending, whereby these students will also serve as the pool of skilled resources to meet the future needs of the banking industry.

Read more: HBL provides relief to over 7000 flood hit families in Balochistan

BACQ is one of the exclusive institutes for agriculture education in the province, established in 1986. The institution is providing quality education through undergraduate and postgraduate programs in various disciplines of agriculture.

HBL strengthens the farming community 

Important to note, HBL has often shown commitment to uplifting Pakistan’s agriculture sector, especially in Balochistan by launching initiatives or taking part in government programs aimed at the financial strengthening of the farming community.

Earlier, it became the first bank in Pakistan to launch a farm-to-processor initiative to boost farm productivity in Balochistan. The Bank has consistently campaigned for easing farmers’ financial burdens.

Read more: HBL & SBP host 2nd RACC meeting to make Balochistan’s farming community strong

Apart from easing farmers’ financial burdens, HBL also strongly campaigns for a tech revolution in Pakistan’s agriculture sector. In this regard, HBL entered into a strategic alliance with BaKhabar Kissan. BaKhabar Kissan is a leading agriculture technology company engaged in building the capacity of farmers, operative in Pakistan.