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Thursday, February 15, 2024

HBL partners with GROWTECH to support farmers in Pakistan

The partnership with GROWTECH is in line with HBL's vision of financial inclusion. Through the collaboration, farmers that are working with HBL will have access to state-of-the-art, technology-driven solutions provided by GROWTECH including remote sensing-based services.

HBL-GROWTECH Services entered into a strategic partnership to provide technological solutions to HBL to tackle the agricultural challenges faced by farmers. GROWTECH Services is a leading agriculture technology company operative in Pakistan.

The agreement was signed by Adnan Pasha Siddiqui, HBL Chief of Staff to the President & CEO – HBL, and Faisal Bilal, Founder – GROWTECH Services. The ceremony was attended by GROWTECH co-founders Shahnawaz Mahmood and Abdul Rahan Mahmood, along with Sohail Saraj, Head – North Branch Banking – HBL.

GROWTECH is working on a scientific basis with its own team of agronomists to remotely guide farmers with their analysis and recommendations. Through this collaboration, farmers that are working with HBL will have access to state-of-the-art, technology-driven solutions provided by GROWTECH including remote sensing-based services.

Read more: HBL extends free ATM network for Finja Debit Card customers

HBL helping revolutionize Pakistan’s agricultural landscape

The HBL team also visited the assembly line of DIGIT smartphones, a partner of GROWTECH, and appreciated the efforts to locally assemble affordable smartphones, ‘Pakistan ka Smartphone,’ for the masses and farmers who can be the potential users of such phones for digital inclusion.

Commenting on the partnership, Adnan Pasha, Chief of Staff to the President & CEO – HBL said, “HBL’s Strategic Development Finance initiative and its contribution to the Agri value chain is the bedrock of Pakistan’s economy and will contribute towards job creation and food security by deploying best practices in agronomy combined with tech and mechanized solutions. As a result of HBL’s strategy, farmers’ productivity has significantly increased. This partnership with GROWTECH is in line with HBL’s vision of financial inclusion and will further the development of the agricultural landscape in Pakistan.”

Keeping in line with its vision, HBL back in July, also entered into a strategic partnership with Agro Digital (Pvt.) Limited (a Fatima Group company). The partnership encompasses jointly exploring various activities that will have a sustainable impact on the agriculture sector whilst uplifting the financial well-being of small farmers in Pakistan.

Read more: HBL and Agro Digital partner to promote financial inclusion through Agro-based Development Finance