BEIJING: National Bank of Pakistan (NBP) Representative Office, Beijing is maintaining close relations with many associations related to agriculture and facilitating companies engaged in agricultural business in establishing their presence in Pakistan. The representative office is recently working on establishing joint ventures for two large companies of both countries in the field of dairy, said Shaikh Muhammad Shariq, Chief Representative of Beijing Office.
According to Shariq’s introduction, NBP is the largest lender to the agricultural sector in Pakistan, and more than PKR 225 billion (USD 1.4 billion) was disbursed to farmers in Pakistan with more than 800 agriculture financing dedicated branches across Pakistan. NBP has also won the Best agriculture Bank Award for years including 2019 and 2020. Agriculture is the backbone of Pakistan’s economy and one of the most important sectors of cooperation under China Pakistan Economic Corridor (CPEC) which has created a broader space for the development of trade between the two countries. “Support for corporate farming and joint farming are sought in Pakistan’s agricultural sector. Joint research should also be undertaken in the field of agriculture as Pakistan has the research infrastructure, which had the potential to become a center of excellence. – Agencies
