Specialized Banks in Pakistan

The major specialized banks in Pakistan include Zarai Taraqiati Bank Limited, The Punjab Provincial Cooperative Bank, Industrial Development Bank of Pakistan, SME Bank Ltd.

Zarai Taraqiati Bank Ltd. (ZBTL) is a major specialized bank, based in Islamabad, focusing on rural finance and development, with a braod network of branches across the nation. The Bank has been playing a key role in modernization of agriculture, boosting productivity and enabling growers, particularly small landowners to increase their farm produce and income.

Industrial Development Bank of Pakistan (IDBP) is one of the oldest development financing institutions in the country, created with the primary objective of extending term finance for investment in the manufacturing sector of the economy. The Bank has emerged as an institution fostering the growth and development of SME sector stimulating industrial progress in the rural or less developed regions of the country in addition to offering lucrative opportunities to the house-holds and institutions for the investment in its deposit schemes.

The SME Bank was formed and incorporated as a public limited company under the Companies Ordinance 1984. The Government of Pakistan is the major shareholder of the SME bank Ltd. It was established to cater to the needs of the SME (Small and Medium Enterprise) sector, and to address the needs of this niche market with specialized financial products and services that will help stimulate SME development and pro poor growth in the country. JCR-VIS Credit Rating Company Limited has upgraded the medium to long-term rating of SME Bank Ltd. to BBB with a stable outlook from previous BB+.

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