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KARACHI: Faysal Bank Limited (FBL) collaborated with Pakistan Freelancers Association to facilitate the freelancer community through providing Shariah Compliant digital financial solutions and capacity building of freelancers.

The partnership initiated since the inception of Pakistan Freelancers Association (PAFLA), a non-profit organization founded to empower Pakistani freelancers, covers joint mentorship programmes, seminars, webinars, conferences, professional training events and certification courses on financial literacy, alongside facilitating Freelancers and start-ups to reach out to FBL for their needs of digital financial services.

FBL’s partnership with PAFLA will drive financial inclusion. The market opportunity is significant since Freelancing has witnessed an incredible upward trajectory in Pakistan. Pakistani freelancers globally rank 3rd in software development and technology and generate throughput of approximately $1 billion annually through providing freelance services on leading global platforms.

Ali Waqar Head Corporate and Investment Banking FBL have said that FBL has been at the forefront of digital Pakistan initiative. “In order to support freelancers, we were the first commercial bank in Pakistan to join the Global Network of Payoneer, facilitating freelancers and companies in receiving payments via home remittance channels,” he added.

Moreover, our recent collation with Punjab Information Technology Board (PITB) is also a testament of the ongoing efforts to support endeavours and activities of mutual interest for the facilitation of freelancers, he said.

“FBL has launched Burraq Digital Freelancer Account (Islamic), which has opened door to host of banking services, including consumer finance and related payment services. FBL has actively participated in multiple events organized to support the digital technology, youth empowerment and freelancing ecosystem.” Aneeq Malik, Head of Consumer Finance and Payment Services, FBL added.

Copyright Business Recorder, 2022

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