The Zarai Taraqiati Bank Limited (ZTBL) ( ur, ), formerly known as Agricultural Development Bank of Pakistan, is Pakistani government-owned agricultural

development bank A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis. , total commitm ...

which is based in

Islamabad Islamabad (; ur, , ) is the capital city of Pakistan. It is the country's ninth-most populous city, with a population of over 1.2 million people, and is federally administered by the Pakistani government as part of the Islamabad Capital ...

, Pakistan. Founded in 1961 as the agricultural development bank, the bank was renamed in 2002 as Zarai Taraqiati Bank Limited (ZTBL) and was subsequently incorporated as a public limited company in 2002 under

Companies Ordinance 1984 The corporate sector in Pakistan was governed by the Companies Ordinance 1984 which was promulgated on 8 October 1984 and repealed the Companies Act, 1913. It is now replaced by Companies Ordinance 2016. .The Companies Ordinance 1984 is ...

. The bank provides agricultural credit and

banking service Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking serv ...

s to

farmer A farmer is a person engaged in agriculture, raising living organisms for food or raw materials. The term usually applies to people who do some combination of raising field crops, orchards, vineyards, poultry, or other livestock. A farmer m ...

s across the country. It remains the largest public sector agriculture development financial institution in the country.

History

Agricultural Development Finance Corporation was created in 1952 under a Central Act for the purpose of expanding financial facilities and promoting the Development and Modernization of

Agriculture Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people ...

in Pakistan. In 1957, the Agricultural Bank of Pakistan was established and advanced both short and long-term loans. Both these institutions were merged as the Agricultural Development Bank of Pakistan in February 1961. On December 14, 2002, the

Federal Government A federation (also known as a federal state) is a political entity characterized by a union of partially self-governing provinces, states, or other regions under a central federal government ( federalism). In a federation, the self-gover ...

converted the Agricultural Development Bank of Pakistan (ADBP) into Zarai Taraqiati Bank Ltd (ZTBL). The new corporate structure redefined the banks as a single public limited company with an independent

Board of Directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit orga ...

. Zarai Taraqiati Bank (ZTBL) was registered under the Companies Ordinance 1984, and all assets, liabilities, and proceedings were transferred to and vested in Zari Taraqiati Bank with effect from December 14, 2002.

Products and services

* Supervised Agricultural Credit Scheme * Deposits (Fixed, Saving, Current Accounts, Zarai Bachaat Scheme, ZTBL Junior Account, Mustaqbil Mehfooz A/C & Rozana Bachat A/C, etc.) * Loan Schemes( Production Loan Schemes, Development Loan Schemes, Crop loan Insurance, Model Village Establishment * Locker Facility ( Small, Medium, Large ) * UPaisa (Branchless Banking facility) * Treasury * Home Remittance (

Western Union The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company cha ...

, Xpress Money and some other nearly 40 companies ) *

Hajj The Hajj (; ar, حَجّ '; sometimes also spelled Hadj, Hadji or Haj in English) is an annual Islamic pilgrimage to Mecca, Saudi Arabia, the holiest city for Muslims. Hajj is a mandatory religious duty for Muslims that must be carried o ...

applications * One Window Operation * Revolving Finance Scheme (RFS)/Sada Bahar Scheme (SBS) * Crop Maximization ProjectZTBL (Zarai Taraqiati Bank Limited) told to seek international donors' help
Dawn (newspaper), Published 6 May 2011, Retrieved 12 May 2019

Credit rating

In June 2016, ZTBL continued to achieve a AAA credit rating by JCR-VIS ( Credit rating company Limited)

References

External links

Agriculture Technology of ZTBL

Kissan Support Services (Pvt)Ltd

Pakistan agri-community for better farming

Association of Development Financing Institutions in Asia & Pacific
{{DEFAULTSORT:Zarai Taraqiati Bank Limited Banks of Pakistan 1961 establishments in Pakistan Government-owned banks of Pakistan Companies based in Islamabad Pakistani companies established in 1961 Banks established in 1961

History

Products and services

Credit rating

See also

References

External links