Allied Bank Arranged Financial Awareness Seminar on SME & Agri Financing in Quetta

Allied Bank Limited arranged a financial awareness seminar on SMEs and Agriculture Financing at Quetta under its CSR program to facilitate agricultural and SME credit in the Province. The businessmen, agriculturists, members of Chamber and other Trade bodies attended the session in large number besides government functionaries and SBP officials. The Allied Bank management briefed the participants about their SME & Agri products and its documentation requirements.

Mr. Asif Bashir, Group Chief ABL thanked the participants for attending the session and showing their interest in ABL products. He further informed that ABL is working on extension of quality credit to SME & Agri customers and in this respect awareness is important for all stakeholders. He said that in line with the policies & vision of State Bank of Pakistan ABL had taken various initiatives for financial inclusion of underserved areas of Balochistan. He briefed about ABL’s future expansion plans in the Balochistan Province and their community services for the Province. Mr. Asif Bashir further added that Allied bank is working on various awareness programs and today’s session is also part of our new initiatives and strategy for enhancing agriculture & SME financing.

Mr. Sajid Ali Shah, Chief Manager, State Bank of Pakistan , Quetta highlighted the importance of SME and agriculture financing and its outreach to small scale entrepreneurs and farmers in the Province of Balochistan. He also stressed upon the need for similar type awareness programs to be held in other areas of country. He appreciated Allied Bank’s efforts towards financial inclusion of country’s relatively unexplored sectors specifically of Balochistan Province.

In conclusion, Mr. Abdul Rehman Buzdar, Secretary Agriculture Department, Govt. of Balochistan while addressing the audience appreciated Allied Bank’s and the SBP’s recent role in working towards uplift of the province. Given the immense economic potential of Baluchistan, this is the need of the hour. He further stressed that other players should also follow ABL’s lead and make financing products available to provide impetus to economic activity.