HBL Finances Rs 1bn for Solar Tube Wells to Boost Renewable Energy in Pakistan’s Agriculture Sector

HBL sets the industry benchmark with Rs 1 billion in financing for solar tube wells. The facility enables farmers to adopt these capital-intensive technologies in an affordable and cost-effective manner.

Farmers are facilitated with easy and quick access to credit through the Bank’s vast rural footprint. The milestone fosters HBL’s commitment towards sustainable and climate-smart agriculture in line with Aga Khan Development Network’s (AKDN) Net Zero Goal of 2030.

HBL as a signatory of Principles of Responsible Banking (PRB) and Net Zero Banking Alliance (NZBA), is striving to promote renewable energy sources in the agricultural ecosystem and minimize carbon emissions by limiting the use of fossil fuels. Solarization of tube wells is the cost-effective solution that ensures a timely supply of irrigation water in the right quantity. These technologies considerably reduce the cost of production and improve farm productivity resulting in higher profit margins.

Commenting on this achievement, Aamir Kureshi, Head Consumer, Agriculture & SME Banking, stated: “HBL is leading the agriculture financing among the commercial banks and has actively partnered with farmers across the agriculture landscape for the timely provision of financial services to achieve the common objective of better crop yields and enhanced farm productivity.

This will go a long way in ensuring food security and prosperity for the farming communities. HBL is committed to supporting the agriculture sector through leveraging technology and innovative financial solutions.”

  • میں نے سولر ٹیوب ویل لگوانا تھا بنک آف پنجاب سے پتہ کیا تو انٹرسٹ ریٹ بہت زیادہ تھا
    اسلئے اپنے پیسوں سے ہی لگوا لیا اب الحمدللہ سکون میں ہیں
    ورنہ بنک سے لگوا تو پھنس ہی جاتے شاید

  • What is interest rate , finance amount and installment procedure. What is interest rate if any HBL staff willing to get benefit

  • Talking about customer interest rate, here in Balochistan, the managers of HBL Bank themselves do not know how to deal properly with their customers till today.
    If a government employee goes to take a loan and he says what is your policy, he shows the policy in simple words and it is difficult for him to understand because he himself has not read the policy.

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