Al Baraka, Al-Ghazi Tractors to promote agri financing
In order to promote the SBP initiative for SME sector and for Agri Financing, a Memorandum of Understanding (MoU) was signed between Al Baraka Bank (Pakistan) Limited & Al-Ghazi Tractors Limited, for the facilitation of ‘Tractor Financing’ at Al Baraka House, Karachi. This MoU will allow the farmers and agriculturists to avail Shariah compliant financing options for rural financing including financing of tractors and other credit facilities, with quicker processing and flexible payment options. Al Baraka Bank (Pakistan) Limited (ABPL) is a part of Al Baraka Banking Group, Bahrain, and has a network of 150 branches spread over 94 cities & Towns across Pakistan.
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