PAC teamed up with local and international partners to develop a reliable crop insurance solution for Pakistan’s small farmers using satellite imaging and rapid data collection. PAC successfully piloted this solution during the wheat season (2021-22) by insuring farmer loans of HBL and Bank of Punjab which led to insurance payments for farmers affected by the heatwave of 2022. Two payouts in 2023 took place as well, one due to the Sutlej over flow in Pakpattan in the rice paddy crop and one as a result of the whitefly attack on cotton in district Rahim Yar Khan (corporate agriculture on 500 acres).
PAC is engaging with relevant decision-makers in the federal and provincial governments of Punjab and Sindh, donor institutions such as the World Bank, and financial houses (banks and insurers), to support adoption and scale-up of this approach to crop insurance.
