Pakistan, May 14 -- UBL and Shahzad Trade Link (STL) have signed an agreement to promote the mechanization of agriculture farms in Pakistan. Both entities have agreed to ensure the availability of Belarus Tractors to the farmers through subsidized financing rate and quick delivery. The agreement focuses on joint sales promotion to encourage small and medium sized land holders to adopt farm mechanization solutions.

Under the Farm Mechanization scheme, UBL and STL will collaborate to provide direct agricultural loans at flat markup rate of 9.5%, with repayment spread over five years' tenure. The partnership between the two entities will help promote the financial inclusion and boost farmer-economics in the country.

The signing ceremony, a...