I wish to congratulate the management and staff of Sindh Bank on the commencement of its commercial operations. The launch of Sindh Bank is a landmark event for the business, finance, trade and industry, indeed for all its stakeholders particularly in Sindh.
It is a boon to the small and medium scale enterprises and agriculture in the province which will have access to financial services that were not easily available to them in the past. It is in keeping with PPP policy to make available a range of financial and banking services to the less privileged people and thereby help them in self employment in diverse areas including agriculture, industry, trade and businesses.
It is reassuring that the Bank, besides providing normal banking services, will also provide credit to small farmers and to the poor and needy sections of the rural and urban population through microfinance products. The Sindh Bank has a great potential to grow and benefit all, the customers the borrowers and shareholders. For this the Bank must strictly follow prudential guidelines in its lending policies and maintain credibility and trust of all stakeholders.
It is encouraging to note that Bank would initially generate direct employment opportunities for over 1,000 people in its first year of operation, in addition to indirect employment generation through support of SMEs in the country. It is a laudable beginning of a promising journey that is full of opportunities and challenges. I once again wish the Management of the Bank every success in achieving the goals and objectives of the Bank.
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