Zarai Taraqiati Bank Limited (ZTBL) and Government of Gilgit-Baltistan have signed a Memorandum of Understanding focusing on to mitigate poverty and to positively contribute to develop synergies, which will ultimately lead to food security and economic uplift of rural populous of Gilgit-Baltistan.
The initiative is undertaken in compliance to the Prime Minister's vision for agriculture development and poverty reduction in less developed areas.
The MoU signing ceremony was held at Gilgit-Baltistan House, Islamabad, and was attended by Chief Minister Gilgit-Baltistan, Secretary Agriculture, Livestock and Fisheries, Government of Gilgit-Baltistan and Shiekh Aman Ullah, Acting President ZTBL along with team of ZTBL Executives on 19th September 2019.
Under this MoU, using its already operational branch network of 11 branches in Gilgit-Baltistan, ZTBL will extend the financing facilities to the farmers, under Chief Minister's Initiative for Livestock Production Farms in GB through Public Private Partnership.
This initiative will promote dairy, livestock and meat sectors in the area envisaging the saving of Rs 14 billion heavy expenditure presently incurred by the Government of Gilgit-Baltistan for acquiring milk and dairy products along with meat requirements fulfilment from other parts of the country.-PR
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