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Zarai Taraqiati Bank Limited
"Let us grow together"
Ownership Government
Type of Institution Specialized Bank
Established 1961
President & CEO Muhammad Zaka Ashraf
Headquarters Islamabad  Pakistan
Total Assets US$ 1424.18 billion (as Dec.31st, 2006)
Total Revenue US$ 99.93 billion (as Dec.31st, 2006)
Total Employees 5,326

The Zarai Taraqiati Bank Limited (ZTBL) formally known as Agricultural Development Bank of Pakistan is a public sector largest financial development institution with a wide network of 25 Zonal Offices and 342 branches in the country and planning to expand its outreach to a large customer base and function as a viable commercial entity[1]



Zarai Taraqiati Bank Limited (ZTBL) Headquarters

It was considered after independence of Pakistan that the existing institutional sources of credit i.e. Taccavi and Cooperatives, were insufficiently meeting the credit needs of farmers. Therefore the need for establishment of a third source of agricultural credit was essentially percolated so as to fulfil the credit requirements of farmers not only for Production but even for the development purposes. Consequently, Agricultural Development Finance Corporation was brought into existence in 1952 under a Central Act for the purpose of expanding financial facilities and promoting the development and modernization of agriculture in Pakistan. Subsequently in 1957, Agricultural Bank of Pakistan was established. The Bank advanced both short (for Production) and long term (for Development) loans. Both these institutions were merged together as Agricultural Development Bank of Pakistan in February 18, 1961. As required under section 3 of the Agricultural Development Bank of Pakistan (Reorganization and Conversion) Ordinance, 2002, Zarai Taraqiati Bank Ltd was incorporated as a public limited company under the Companies Ordinance, 1984 on October 23, 2002. Consequently, under SRO 823 (1)/2002 dated November 18, 2002, all the assets, contracts, liabilities, proceedings and undertakings of Agricultural Development Bank of Pakistan were transferred to, and vested in Zarai Taraqiati Bank Ltd on December 14, 2002, the effective date specified by the Federal Government on the basis of net worth[2] The group consist of Zarai Taraqiati Bank Ltd and subsidiary Kissan Support Services (Private) Limited as well as ZTBL Staff College situated on a valuable 40 acres land in Islamabad

Nature of Business

The main purpose of the Group is to provide sustainable rural finance and services particularly to small farmers and low-income households to strengthen the rural and agricultural sector, mitigate poverty, capital market and investment activities and other banking business.

Products and Services

  • Supervised Agricultural Credit Scheme
  • Deposits (Fixed, Saving, Current Accounts & Zarai Bachaat Scheme
  • Micro Credit Scheme
  • Credit to Women Program
  • One Window Operation
  • Revolving Finance Scheme (RFS)/Sada Bahar Scheme (SBS)
  • Crop Maximization Project[3]

ZTBL Credit Rating

In June 2009, ZTBL continued to achieved a triple A credit rating[4]

Year Entity Stand Alone Outlook
2009 AAA/ A-1+ B+/ B Stable
2008 AAA/ A-1+ B+/ B Stable


Presient ZTBL on the eve of launching Awami Zarai Scheme and key distribution of Benazir Tractor Scheme in Faisalabad
President ZTBL with World Bank Delegation
President Zaka Ashraf with Zonal Chief Muhammad Asghar arrived at Lahore
Prof John W.Mellor Delivering Lecture on International Experience Relevant to Transforming Pakistan's Agriculture at ZTBL Headquarters

The Principal Officer of the ZTBL is the President. The current President of Zarai Taraqiati Bank Ltd is Muhammad Zaka Ashraf who took over the charge from Mr. Mansur Khan in September 2008 for a three years term. He is a Chairman of Ashraf Group of Industries and was served on important key posts in Government as well as in Private Sector[5]

Board of Directors

  1. Mr. Syed Qamar-uz-Zaman Shah, Chairman Board
  2. Mr. Muhammad Zaka Ashraf, President & CEO
  3. Mr. Shafqat Hussain Naghmi
  4. Mr. Iftikhar Khan Mohammad
  5. Mrs.Nazrat Bashir
  6. Dr. Khalid Ahmad Khokhar
  7. Mr. Imam Bux Sheikh
  8. Mr. Tauqir Ahmad Faiq
  9. Mr. Muazam Ali, Company Secretary[6]

See also


External links



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