LAHORE: To address the challenges faced by the Dairy Sector in Pakistan, Bank of Punjab and FrieslandCampina Engro Pakistan Limited have entered into a collaboration to deliver easily accessible financing to dairy farmers, through Bank of Punjab branches all over the country.

Under the project, farmers will be able to avail finance facility for their dairy business on the easiest terms and lowest mark-up rates from the Bank of Punjab. Traditional dairy farmers will be encouraged to avail the finance facility to update and expand their dairy infrastructure including but not limited to building, machinery and livestock for better profitability. The working capital finance facility from BOP can also be availed to cater to the day to day needs of dairy farmers.

In a joint statement, Zafar Masud (President & CEO, Bank of Punjab) & Imran Husain (CFO, FrieslandCampina Engro Pakistan Ltd.) shared that, “We are excited to partner on this initiative that has the potential to transform the agricultural landscape of Pakistan by promoting organized financial inclusion of dairy farmers and improving dairy farming practices.—PR