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Tuesday, May 21, 2024

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

The RACC meeting reviewed progress on the last meeting's action items and discussed the future strategy to address the agricultural outreach challenges in the underserved areas of Balochistan.

HBL,as a designated champion bank for Balochistan, hosted the 2nd meeting of the Regional Agricultural Coordination Committee (RACC) in collaboration with the State Bank of Pakistan (SBP).

The meeting was held in Quetta on 22 June 2022. Kashif Umar Thanvi, Head Rural Banking – HBL & Co-Chairman RACC, led the meeting and was attended by Noor Ahmed-Director, Agriculture, Credit & Microfinance Department – SBP, Rass Masood, Chief Manager – SBP BSC – Quetta (Acting) and Ikram Ullah Qadri, Senior Joint Director AC&MFD-SBP. Other senior executives from SBP, HBL, all active banks operating in Balochistan, Government officials, and the farming community also attended the session.

The RACC meeting reviewed progress on the last meeting’s action items and discussed the future strategy to address the agricultural outreach challenges in the underserved areas of Balochistan.

Read more: HBL joins together with SBP to empower Balochistan’s farming community

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Kashif Umar Thanvi, Head of Rural Banking – HBL highlighted the achievements of the forum in bridging the gaps in agricultural credit in Balochistan and emphasized the initiatives of RACC to solve the challenges and streamline bottlenecks through collaborative efforts of all the stakeholders.

He commented, “HBL is committed to serving the underserved farming community of Balochistan. The Bank will support credit delivery, along with capacity building & awareness campaigns under SBP’s vision of financial inclusion in Pakistan.”

The session concluded with the commitment from all stakeholders to work towards expanding the agricultural landscape by empowering the farming community of Balochistan.

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HBL commits to Pakistan’s farming community

Important to note, HBL has often shown commitment to local farmers by either launching initiatives or taking part in government programs aimed at the financial strengthening of Pakistan’s 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 teams up with FCEPL & SEDF to empower Pakistan’s dairy farmers