United Bank Limited joins hands with Buksh Energy for Agricultural Financing Solutions

Karachi, November 19, 2013 (PPI-OT): United Bank Limited (UBL) has partnered with M/s Buksh Energy (Pvt) Limited to provide financing for alternate energy (Solar) solutions to individual farmers, meeting their irrigation as well as domestic power demands. With this partnership, UBL aims to serve the farming community through financing of Solar Tube Wells for energy conservation. Buksh Energy will be providing all engineering and after sales services to farmers for running and maintenance of the solar equipment.

A signing ceremony to this effect was held at the UBL Head Office in Karachi, recently. Mr. Ali Hasnain, Group Executive, Retail Bank, Ms. Fiza Farhan, Chief Executive, Buksh Energy (Pvt) Limited, Mr. Abrar Mir, Group Head Branchless and E-banking, Mr. Najmul Hasan, Head Credit International, Mr. Ashfaq Akbar, Head Deposit Products and Marketing Services, Mr. Aslam Nizamani, Divisional Head Agribusiness, Mr. Osman Saeed Kazi, Divisional Head Commercial Assets and Mr. Zeeshan Israr, Cluster Head Agribusiness-Central North were present at the signing.

Mr. Ali Hasnain, on the occasion commented “With over 20% of Pakistan’s GDP accounted for by agriculture, UBL realizes its significance to the country’s economy. That is why the bank offers a diverse mix of agricultural based finance products. UBL Agriculture Finance aims to facilitate farmers via production and development loans-with flexible tenors”.

For more information, contact:
United Bank Limited
2nd Floor, UBL Warehouse Building,
Plot # 1 and 2 “C” Group,
Mai Kolachi Road, Karachi – Pakistan
Tel: 111 825 888
Fax: +9221 9920 1632

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