UK’s BII Partners with HBL for Agriculture

British International Investment and HBL have announced a $75 million finance facility to support Pakistan’s agriculture sector. This initiative will help farmers and agribusinesses access essential finance and improve resilience to climate change.

Pakistan’s agriculture sector contributes 24% to GDP and employs 37% of the workforce, including many women. However, it faces challenges such as limited access to finance, outdated equipment, and climate-related risks. With this financing, HBL – Habib Bank Limited will expand its agriculture lending, with 50% of funds dedicated to smallholder farmers. Agribusinesses across the value chain will also benefit.

The funds will support climate adaptation efforts, such as solar-powered irrigation systems, to cut emissions and protect farmers from climate risks. By improving financial access and strengthening value chains, this partnership aims to boost productivity and food security.

Jane Marriott CMG OBE, British High Commissioner, highlighted the importance of overcoming financial barriers in agriculture. Habib Yousuf from British International Investment (BII) emphasized the goal of ensuring sustainable growth and food security. Maya Inayat Ismail from HBL – Habib Bank Limited stated that the bank is committed to climate-smart financing and risk mitigation for farmers.