Burewala: HBL today launched a new company, HBL Zarai Services, at Burewala, marking a major step forward in the development of agriculture and food security in Pakistan. This is in line with Pakistan’s strategic priorities and under the visionary reach of the Aga Khan Development Network (AKDN).
HBL Zarai Services, a wholly owned subsidiary of HBL, is a pioneer company specializing in agriculture in Pakistan. By providing access to essential resources and expertise, HBL Zarai Services aims to empower farmers and increase productivity, efficiency and profitability across the agricultural value chain. With a focus on sustainability and environmental stewardship, HBL Zarai Services strives to promote responsible agricultural practices that ensure the long-term viability of farming communities and natural resources.
HBL remains grateful to the State Bank of Pakistan (SBP) and the regulatory authorities for the confidence they have placed in the bank by opening this subsidiary.
The inauguration ceremony of HBL Zarai Services was attended by clients, regulators and executives of the bank. The main guest of the event was Dr. Inayat Hussain, Deputy Governor – SBP.
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Sultan Ali Allana, Chairman of HBL, speaking at the launch ceremony of HBL Zarai, said, “Since the privatization of the bank in 2004, we have been actively pursuing programs and implementing solutions for the growth and progress of the agricultural sector. Today, Al’Hamdulillah HBL Group is the single largest institutional provider of financial services to this segment of the economy, directly impacting over 350,000 farmers. With the establishment and launch of HBL Zarai, Insha’Allah, we will be able to provide advisory and input services along with collection and storage right at farmers’ doorsteps through Deras – specialized distribution and service centers carved into the heart of farmland, thereby ensuring food security and increasing income for agriculturists. communities across the country.
Muhammad Aurangzeb, President and CEO – HBL, highlighted the bank’s unwavering commitment to sustainability and said, “Pakistan’s agricultural landscape is at a critical juncture. While agriculture remains the backbone of our economy, its potential to drive growth and prosperity has yet to be fully realized. HBL has long recognized the interrelationship between economic progress, social development and a thriving agricultural economy. HBL Zarai Services appears as a beacon of hope, signaling our commitment to promote positive change and promote food security across the country.
Amer Aziz, CEO, HBL Zarai Services said, “This unique venture positions HBL to play a leading role in improving value chains in every economically significant sector, promoting sustainable agricultural practices and supporting food security nationwide.
The core values that HBL Zarai stands for will continue to increase farm yields and empower farmers by increasing their income levels. We will be guided by our vision of ‘We are who we serve’.”
