FFC signs MoUs to boost financial inclusion for farmers

March 19, 2025 (MLN): Fauji Fertilizer Company (FFC) has signed Memorandums of Understanding (MoUs) with four leading banks to facilitate clean financing of up to Rs500,000 for farmers registered with its Sona Centers.

This initiative aims to enhance financial inclusion and promote agricultural growth in Pakistan.

FFC has partnered with leading banks to enable Rs1 billion in clean farmer financing, ensuring that financial support reaches the backbone of Pakistan’s economy the farmers.

This collaboration underscores the shared commitment to supporting Pakistan’s agricultural sector, which is the backbone of the country's economy, according to the press release issued today.

By extending hassle-free credit facilities, the partnership aims to bridge the gap between financial institutions and farmers, ensuring easy access to funds for quality agricultural inputs and improved productivity.

The signing ceremony, held at Serena Hotel, Islamabad, was attended by prominent industry leaders, including Chairman of the Board of FFC, Lt. Gen Anwar Ali Hyder (R), and MD & CEO FFC, Mr. Jahangir Piracha.

Key banking executives were also present, including Mr. Zafar Masud, President & CEO Bank of Punjab; Mr. Atif Aslam Bajwa, President Bank Alfalah; Mr. Zia Ijaz, President & CEO Askari Bank Limited; and Mr. Altaf Hussain Saqib, Head of Commercial Banking at Faysal Bank.

With this agreement, FFC reinforces its dedication to farmer empowerment, financial inclusion, and sustainable agricultural development.

The initiative marks a significant milestone in agricultural finance, paving the way for stronger economic growth and prosperity for Pakistan’s farming community.

Copyright Mettis Link News