No Script Javascript is disabled. Please enable it for better working experience.
Advertisement
Wednesday 20 March, 2024
Advertisement

HBL Signs Contract for the Prime Minister’s Youth Business and Agriculture Loan Program

BY Shahzad Saeed Apr 18, 2023. 05:43 pm UPDATED: Apr 18, 2023. 05:43 pm

Advertisement

Under the Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS), HBL, Damen Support Program, and Thardeep Microfinance Foundation have partnered to provide individuals and small businesses with financing that is interest-free.

The Bank is committed to promoting financial inclusion and reducing poverty, said Khaqan Muhammad Khan, Global Head of Financial Institutions and Remittance Business – HBL. Thousands of people’s lives will be improved by the collaboration between HBL, Damen Support Program, and Thardeep Microfinance Foundation under the PMYB&ALS scheme.

“The partnership with HBL will be instrumental in advancing our mission of promoting financial inclusion and will empower people from marginalized segments of society to realize their entrepreneurial dreams,” said Dr. Sonu Khangharani, CEO of Thardeep Microfinance Foundation.

CEO of Damen Support Program Musharraf Khan stated that “interest-free financing is a boon that small businesses and individual entrepreneurs could take advantage of amid inflationary pressures. The collaboration with HBL had previously produced fruitful financial inclusion projects, and this plan would present yet another chance to assist small businesses and entrepreneurs who require financial support.”

Read more: Fantastic Eid Deal: PIA Flights from Turkey to Pakistan start at $270

 

Advertisement

Related Articles

Profit Rates of Naya Pakistan Certificates Hike by 6%
Business

Profit Rates of Naya Pakistan Certificates Hike by 6%

The federal government has decided to increase the Naya Pakistan Certificates' (NPCs')...

SpaceX sold all of its $373 million worth of bitcoins: Report
Business

SpaceX sold all of its $373 million worth of bitcoins: Report

The aerospace technology firm SpaceX reportedly sold the Bitcoin it had accumulated...

Who is Sam Bankman-Fried?
Business

Who is Sam Bankman-Fried?

Sam Bankman-Fried, the creator of FTX, was ordered to jail on Friday...

Who is Seann Altman?
Business

Who is Seann Altman?

In order to promote girls' clothing, Disney and transgender TikTok influencer Seann...

Who is Tom Wagner? co-founded Knighthead Capital Management LLC
Business

Who is Tom Wagner? co-founded Knighthead Capital Management LLC

Tom Wagner, co-CEO of Knighthead Capital, was appointed the new chairman of...

Petrol and diesel prices increased by Rs 19 from 1 August
Business

Petrol and diesel prices increased by Rs 19 from 1 August

Finance Minister Ishaq Dar announced a hefty Rs19 per litre hike in...

Advertisement

Latest News

Who was Courtney Fannon? What was her cause of death
US

Who was Courtney Fannon? What was her cause of death

In her tight-knit New York community, COURTNEY Fannon was regarded as an...

Rapper Bo$$ dead at 54, Cause of death
Entertainment

Rapper Bo$$ dead at 54, Cause of death

Lichelle Marie Laws, a.k.a. rapper Boss, passed away at the age of...

Sophia Leone Dead at 26, Cause of Death
Entertainment

Sophia Leone Dead at 26, Cause of Death

Sophia Leone, an adult film star, passed away, according to her family,...

Camryn Herriage college grad in ICU, friend killed after crash
US

Camryn Herriage college grad in ICU, friend killed after crash

This is due to the Saudi Arabian Grand Prix, which is scheduled...

Advertisement