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Australia keen on expanding trade ties with Pakistan

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ISLAMABAD : Australian High Commissioner to Pakistan Timothy George said his country was keen to expand further business and commercial ties with Pakistan and most significantly we would focus on development of agriculture sector besides other areas of co-operation. During his visit to ZTBL head office on Wednesday, Timothy said that Australia has very good working relationship with Pakistan and interested in promotion of technology and necessary co-operation in agriculture sector.

Earlier, the President ZTBL Zaka Ashraf welcomed the High Commissioner of Australia to
Pakistan and gave presentation on Banks operational performance and its proactive role in the development of agriculture sector. Reviewing the bank s two-year performance the bank s chief said that ZTBL has increased the disbursement from Rs 56 billion to Rs 78 billion, registering an increase of Rs 22 billion.He said that after assuming charge of the bank he has been focusing on the development strategy to make ZTBL a sustainable, vibrant progressive institution and to ensure its more pivotal role in development of economy in general and the agriculture sector in particular. We planned to expand our outreach which was direly needed for the overall development of the agriculture sector, said Zaka Ashraf. He further said ZTBL was the major financial institution in the agriculture sector and we have been exploring new avenues of investment in the agriculture sector. Under the five-year plan the bank would encourage lending for water conservation projects, develop model villages, lending for edible oil crops to reduce the import bill of Rs 111 billion, said Zaka Ashraf.

He further said that the bank has set a credit target of Rs 80 billion for this year and ZTBL wanted to provide credit with technology and for this bank has to share the experience and knowledge of other countries and, therefore, invited number of delegations from World Bank, ADB,
China, Australia and USA. On this occasion the bank s retiring officers Dr Ambar Badshah, Nek Muhammad Javed were presented shields medals, Tafseer-ul-Quran and prize bonds by the Australian High Commissioner for their meritorious services to the bank.

 

Courtesy: Business Recorder


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