Pakistan: Agricultural sector will provide broad development opportunities for higher economic growth

Not only since when, banks and agricultural finance have had this inseparable relationship. They influenced each other and developed each other before. Recently, the Governor of the Central Bank of Pakistan Bajwa participated in the National Bank Business System Conference. At the meeting, he said that the Central Bank of Pakistan will focus on promoting the development of agricultural finance and small and medium-sized enterprises in the future.

He stressed that "fairness and firmness" will be the guiding principles for the future development of Pakistan's banking industry, requiring banks to actively play their own role to achieve the goals of inclusive economic growth and job creation.

He pointed out that Pakistan is rich in natural resources, and providing better financial services to farmers should be the focus of the bank. The agricultural sector will provide broad development opportunities for achieving higher economic growth. Small and medium-sized enterprises are the backbone industry of Pakistan's industry, but this field has been neglected for a long time. It requires the joint efforts of Pakistan's commercial banks to promote the development of small and medium-sized enterprises in Pakistan.

He also promised to promote the development of Islamic banks and strive to solve major problems such as asset liquidity management for Islamic bonds.

Source: First Agricultural Economy | Release Date: 2017-07-21 | Responsible Editor: Zhai Tianchang