FM refutes reports of new taxes on agriculture, construction<\/a><\/p>\n\n\n\nThe solarization of tube wells emerges as a cost-effective solution, ensuring a timely and adequate supply of irrigation water. By adopting these technologies, farmers experience a significant reduction in production costs, leading to enhanced farm productivity and increased profit margins.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi: Habib Bank Limited (HBL) has established an industry benchmark by deciding to provide financing for solar tube wells for agricultural sector transformation, according to a news published on November 20. Read: WB recommends increasing taxes on property, agriculture sectors As per the details, HBL will be providing PKR 1 billion in financing for solar tube wells. This innovative facility empowers farmers to embrace capital-intensive solar technologies in a manner that is both affordable and cost-effective. The bank is facilitating farmers with easy and rapid access to credit through its extensive rural network, reinforcing the bank’s commitment to sustainable and climate-smart agriculture. This milestone aligns with HBL’s dedication to advancing environmentally conscious practices, in harmony with the Aga Khan Development Network\u2019s (AKDN) Net Zero Goal set for 2030. As a signatory of the Principles of Responsible Banking (PRB) and a member of the Net Zero Banking Alliance (NZBA), HBL is actively working to promote the use of renewable energy sources in the agricultural sector, with a focus on minimizing carbon emissions and reducing reliance on fossil fuels. Read: FM refutes reports of new taxes on agriculture, construction The solarization of tube wells emerges as a cost-effective solution, ensuring a timely…<\/p>\n","protected":false},"author":83,"featured_media":67120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[57673,57672],"persona":[],"class_list":{"0":"post-95683","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-habib-bank-limited-hbl","9":"tag-hbl-to-finance-pak-agriculture-sectors-journey-to-going-solar","10":"cat-15017-id"},"acf":[],"yoast_head":"\n
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