ZTBL urged to adopt prudent lending, innovative banking solutions

Web DeskWeb Editor

20th Aug, 2021. 01:13 pm
CPEC ushers in new era of economic prosperity Tarin

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has urged the Zarai Tarraqiati Bank (ZTBL) to adopt prudent lending, stringent accounting controls, innovative banking solutions and austerity measures for a long-term turnaround, a statement issued by the Finance Ministry said.

Talking to ZTBL president Shahbaz Jameel, who called on him, the minister said the ongoing Covid-19 pandemic has made it imperative to implement digital transformation in operations for increasing transaction volumes.

ZTBL was a leading agro-financing bank in Pakistan, which had been extending loans to poor farmers aimed at boosting agricultural productivity at the grass-roots level.

The minister directed the management to make concerted efforts to augment the specialised operations of the bank and make it sustainable and dynamic for promoting agro-farming in the country.

Tarin affirmed full support and facilitation for smooth working of ZTBL on the occasion.

Earlier, the ZTBL president briefed the minister about the quarterly profit registered by the bank ended June 30, 2021 after a gap of almost four years.

The president acknowledged the guidance of the Advisory Committee, headed by the finance minister, which spearheaded the reform process at the bank.

He also underscored the importance of measures adopted by the bank in making its operations sustainable.

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