In a bid to modernize agriculture and empower farmers, United Bank Limited (UBL) and Shahzad Trade Link (STL) have signed an agreement to promote the mechanisation of farms across Pakistan. The collaboration aims to make Belarus Tractors more accessible to small and medium-sized landholders through subsidised financing and faster delivery.
As part of the agreement, UBL will offer direct agricultural loans at a flat markup rate of 9.5 percent, with a flexible repayment period of five years. The scheme is designed to encourage the adoption of farm mechanisation solutions that can significantly improve productivity and farm economics.
The partnership will focus on joint sales promotions and outreach to ensure that modern equipment reaches farmers efficiently and affordably. By easing the financial burden of equipment acquisition, the initiative supports broader financial inclusion and sustainable development in Pakistan’s rural economy.
“The collaboration between UBL and STL is a step towards building a stronger, tech-enabled farming community,” said Abdul Aleem Qureshi, Group Executive, Branch Banking at UBL.
Shahzad Riaz, Proprietor of STL, added, “Our goal is to bring modern farming tools within reach of every farmer. With UBL’s support, we are making mechanisation easier, faster, and more accessible.”
The signing ceremony was held at UBL’s Head Office in Karachi and attended by senior executives from both organisations.
This partnership marks a significant milestone in supporting Pakistan’s agricultural sector by combining financial innovation with on-ground mechanisation solutions.
