
France embassy's team visits Zarai Taraqiati Bank
ISLAMABAD: A delegation from the Embassy of France, led by Dr François Gary, visited the Zarai Taraqiati Bank Limited (ZTBL) and exchanged expert views on food safety, livestock, and agricultural inputs.
The delegation called on Tahir Yaqoob Bhatti, President/CEO ZTBL.
The visiting dignitaries were given a comprehensive overview of the bank's operations through a documentary presentation, followed by a visit to ZTBL's Farm and Staff College.
The French delegation included Dr François Gary, Managing Partner of PHYLUM-a globally renowned management consulting and IT-based company in France; Laurent Chopiton, Head of the Economic Department at the French Embassy; Luc Boyer, Deputy Economic Counsellor and Leonora Dalloshi from the French Embassy.
ZTBL, the country's largest and premier agricultural financing institution, extended a warm welcome to the distinguished visitors. The Bank expressed its privilege in hosting Dr François Gary, a renowned international expert in policy and strategy for food safety, animal health, and welfare. His consultancy work spans collaborations with private firms, national authorities, and global institutions including the World Bank, European Union, Agence Française de Développement (AFD), World Organisation for Animal Health (WOAH), and the Food and Agriculture Organization (FAO).
During his stay in Pakistan, Dr François Gary is scheduled to visit all provincial headquarters in the country to engage with stakeholders on livestock development and food security.
President Bhatti later accompanied the delegation to ZTBL's model agri farm, where they were briefed on the Bank's initiatives such as demonstration plots for various crops, rain water harvesting integrated with drip irrigation project, kitchen gardening units, machinery for value addition of fruits & vegetables and fish farming.
They also lauded the Bank's Mobile Van Service, which brings banking and advisory services to remote and underserved areas, reaching farmers who may be reluctant or unable to visit bank branches.
Copyright Business Recorder, 2025
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
4 hours ago
- Business Recorder
Gulf wealth, US power, and the ME reset
In a world no longer solely defined by military alliances or ideological blocs, power is increasingly shaped by capital, technology, and human development. President Donald Trump's decision to begin his second term with a summit in the Gulf Cooperation Council (GCC) nations is a telling recognition of this shift. It affirms the Gulf's rise not only as a regional powerhouse but as a global actor actively reshaping diplomacy, development, and security. At the epicenter of this transformation stands Crown Prince Mohammed bin Salman (MbS), whose strategic clarity and economic foresight have positioned Saudi Arabia and its allies at the vanguard of a multi-polar world. The summit, hosted in Riyadh, was more than ceremonial—it was a moment of recalibration for the global order. What distinguishes the modern GCC is not just its wealth, but the vision to wield it with purpose. With sovereign funds reaching into the trillions, Gulf nations are redirecting capital from passive holdings to strategic investments—funding artificial intelligence, quantum computing, energy transitions, and educational partnerships with elite American institutions. This is a new form of diplomacy: one where influence is purchased not through arms but by acquiring intellectual property, embedding talent in global research, and co-creating innovation ecosystems. Gulf money is no longer idle — it is building future influence. President Trump, recognizing this shift, lauded the Gulf's transformation as 'the envy of the world,' citing over $1 trillion in projected investments and over $110 billion in bilateral trade in 2024 alone. But beyond the numbers was a message: Gulf leadership is not following the West — it is co-authoring the future with it. Copyright Business Recorder, 2025


Business Recorder
5 hours ago
- Business Recorder
Lower interest payments shrink Pakistan's budget outlay
KARACHI: In a major fiscal relief, the federal government has projected a sharp 16 percent or Rs 1.57 trillion decline in its interest payment obligations for the next fiscal year (FY26), driven by a significant reduction in policy rates. This drop has also contributed to a contraction in the overall federal budget outlay, which shrank from Rs 18.877 trillion of FY25 to Rs 17.573 trillion for the next fiscal year. As the policy rate has reduced significantly 11 percent during the last one year, the government has reduced its estimates for the next fiscal year. According to budget document for the next fiscal year (FY26), the federal government has estimated total interest payments amounted to Rs 8.207 trillion for the next fiscal year down from Rs 9.775 trillion estimated for this fiscal year (FY25), showing a sharp decline of 16 percent Rs 1.568 trillion. Domestically, Pakistan's economy has displayed consistent signs of stabilization and recovery during the last two years i.e. FY24 and FY25, driven by proactive governmental interventions and sound macroeconomic management. Inflation has significantly decelerated, foreign exchange reserves have strengthened, and the exchange rate has stabilized. In response, the State Bank of Pakistan (SBP) initiated a measured easing cycle beginning in June 2024, cumulatively reducing the policy rate by 50 percent or 1100 basis points from 22 percent to 11 percent as of May 2025. According to budget documents, the estimated interest payment for the next fiscal year is also Rs 738 billion lower than the revised estimates of the Rs 8.459 trillion. The major decline has estimated in the domestic interest payments, which are estimated Rs 7.197 trillion for FY26 compared to Rs 8.376 trillion projected in FY25, depicting a decline of Rs 1.542 trillion. As per revised estimates, domestic interest payments for this fiscal year will be Rs 7.907 trillion. External interest payments declined slightly Rs 29.3 billion to Rs 1.009 trillion for FY26 as against Rs 1.039 trillion for this fiscal year. It may be mentioned here that the less than target revenue collection compelled the government to borrow from the domestic banking system to finance the fiscal deficit and the federal government is major borrower of the banking sector. Copyright Business Recorder, 2025


Business Recorder
8 hours ago
- Business Recorder
TDAP, SBP & WCCI hold seminar for women entrepreneurs
PESHAWAR: The Trade Development Authority of Pakistan (TDAP), in collaboration with the Women Chamber of Commerce and Industry (WCCI) and the State Bank of Pakistan (SBP), organized a comprehensive seminar on 'Access to Finance, Marketing, Technology, and Networking' at the Sarhad Chamber of Commerce and Industry, Peshawar. The seminar was attended by a large number of women entrepreneurs from across the region, representing diverse sectors and industries. The session began with welcome remarks by Ms Rabia Basri, President of the Women Chamber of Commerce and Industry, who appreciated the efforts of TDAP and SBP in facilitating businesswomen and empowering them through knowledge, resources, and institutional support. The Deputy Chief State Bank of Pakistan Mohammad Haroon Khan delivered a detailed and informative presentation on access to finance, highlighting various financial products and schemes available to women entrepreneurs. The session focused on how women-led businesses can benefit from SBP's gender-inclusive financial initiatives. TDAP representatives gave insightful presentations on the importance of international marketing, networking, branding, and use of technology in expanding business reach and enhancing competitiveness in global markets. The presentations emphasized TDAP's ongoing support and services available to women entrepreneurs to help them grow and sustain their businesses. The seminar concluded with an interactive Q&A session where participants raised questions about SBP's financial schemes and explored TDAP's facilitation programmes and export opportunities. The session concluded with a vote of thanks by the Senior Vice President of WCCI, followed by the distribution of participation certificates among the attendees. The event served as a meaningful platform for awareness, dialogue, and networking, and reaffirmed the commitment of TDAP, SBP, and WCCI to promote women's economic empowerment and inclusive trade development in Pakistan. Copyright Business Recorder, 2025