The Bank of Punjab (BOP) has become the first bank disbursing funds to microfinance providers for the Prime Minister’s Youth Business & Agriculture Scheme (PMYB&ALS). The bank disbursed PKR 100 million to National Rural Support Program (NRSP) under Tier-1 of the scheme for lending to small businesses and farmers. Bank of Punjab is offering both Shariah-compliant and conventional financing solutions to ensure a wide range of aspirant borrowers can take advantage of the scheme.
Mastercard and Network International launch new Artificial Intelligence fraud-prevention solution
Meanwhile, Bank of Punjab is already leading in terms of disbursements and approvals under Tier-2 & Tier-3 among participating banks. The government of Pakistan through State Bank of Pakistan has launched PMYB&ALS to promote entrepreneurship through subsidized financing to small businesses, agriculture, and livestock sectors. The scheme envisages creating job opportunities and improve the economic situation in the country.
Bank Alfalah aims to enhance financial inclusivity for women in rural areas
Zafar Masud (President & CEO – The Bank of Punjab) said, “We are a proud partner of the government for promoting entrepreneurship. We believe this is an effective tool for financial inclusion entrepreneurship. I hope to see more banks and financial institutions stepping forward to promote this initiative.”
- Bank Alfalah partners with KMC, IET for urban forestry project in Karachi
KARACHI: Bank Alfalah has partnered with the Karachi Metropolitan Corporation (KMC) and Indus Earth Trust (IET) to launch an urban forestry project at Ibn-e-Qasim Park, Clifton, with an initial contribution of PKR 3 million. An MoU was signed by Atif Bajwa, President & CEO, Bank Alfalah, and Aijaz Ali Abro, CEO, IET. The initiative will… Read more: Bank Alfalah partners with KMC, IET for urban forestry project in Karachi - ABHI Microfinance Bank Partners with Saif Group to Introduce Earned Wage Access for Employees
ABHI Microfinance Bank Partners with Saif Group to Launch Earned Wage Access for Employees KARACHI: ABHI Microfinance Bank has entered into a strategic partnership with Saif Group to introduce its Earned Wage Access (EWA) solution for the Group’s workforce. The collaboration marks another step towards advancing workplace financial wellness by enabling employees to access a… Read more: ABHI Microfinance Bank Partners with Saif Group to Introduce Earned Wage Access for Employees - Mastercard and The Bank of Punjab Expand Strategic Collaboration to Support Pakistan’s Cashless Economy and Digital Transformation
Karachi: Senior leadership of Mastercard and The Bank of Punjab (BOP) met in Karachi to reaffirm and expand their strategic alliance aimed at supporting Pakistan’s transition towards a cashless, digitally connected and financially inclusive economy. Ms. Ailish Campbell, Executive Vice President – Public Sector, headed the Mastercard delegation, which also comprised Mr. Arslan Khan, Country… Read more: Mastercard and The Bank of Punjab Expand Strategic Collaboration to Support Pakistan’s Cashless Economy and Digital Transformation - Standard Chartered Pakistan Appoints Adil Salahuddin as CEO
Adil Salahuddin Named Chief Executive Officer of Standard Chartered Pakistan KARACHI: Standard Chartered Pakistan has announced the appointment of Adil Salahuddin as its Chief Executive Officer and Head of Coverage, subject to regulatory and statutory approvals. Adil Salahuddin brings more than 30 years of banking experience, including 25 years with Standard Chartered. He has held… Read more: Standard Chartered Pakistan Appoints Adil Salahuddin as CEO - Meezan Bank Partners with LUMS to Advance Islamic Finance Education in Pakistan
New “Learning from Leaders of Islamic Finance” Course to Go Live on LUMSx Through Meezan Bank Collaboration Karachi – Meezan Bank, Pakistan’s leading Islamic bank and one of the country’s largest banks, has partnered with the Centre for Islamic Finance (CIF) at LUMS to make high-quality, industry-led Islamic finance education more accessible across Pakistan and… Read more: Meezan Bank Partners with LUMS to Advance Islamic Finance Education in Pakistan
 has become the first bank disbursing funds under the PM's Youth Business & Agriculture Scheme (PMYB&ALS).){kind=link}