KARACHI   -   HBL and Adamjee Insurance Company Limited (AICL) have collaborated for providing live­stock insurance to clients. The insurance arrangement will pro­vide coverage of animal mortal­ity in addition to covering the ac­cidental death of the client.

This partnership brings a unique insurance product to the industry, “Working Capital Live­stock Insurance Scheme”. This product further strengthens the HBL agriculture portfolio by mitigating significant risks and promoting greater financial em­powerment for the dairy and live­stock farming sector of Pakistan.

Commenting on the ceremony, Habib Shah, Acting Head Agricul­ture Banking – HBL, said, “Paki­stan is the fourth largest milk producing country in the world. The agreement with AICL will facilitate in improvement of the dairy and livestock ecosystem through the provision of insur­ance protection to dairy farmers towards animal mortality. HBL is the leading farmer financing pro­vider in the country and is com­mitted to enhancing financial in­clusion in rural Pakistan through such partnerships.”

Commenting on the ceremo­ny, Syed Ahmer Shoaib, Deputy Executive Director Commercial – AICL, said, “We believe that this partnership will benefit Pakistan’s dairy farmers by en­hancing their protection. The integration of Personal Acci­dent Coverage of farmers in the Livestock Insurance is a ben­efitting value addition that ac­tively enhances the agricultural landscape of Pakistan while adding to the stability and sus­tainability of farmers”.