AIRLINK 176.00 Decreased By ▼ -1.56 (-0.88%)
BOP 11.16 Increased By ▲ 0.11 (1%)
CNERGY 8.28 Increased By ▲ 0.11 (1.35%)
FCCL 47.95 Increased By ▲ 0.63 (1.33%)
FFL 16.39 Increased By ▲ 0.27 (1.67%)
FLYNG 27.23 Decreased By ▼ -0.12 (-0.44%)
HUBC 144.11 Decreased By ▼ -2.80 (-1.91%)
HUMNL 13.65 Increased By ▲ 0.14 (1.04%)
KEL 4.49 Decreased By ▼ -0.01 (-0.22%)
KOSM 5.94 Increased By ▲ 0.03 (0.51%)
MLCF 62.85 Increased By ▲ 0.83 (1.34%)
OGDC 231.00 Decreased By ▼ -3.68 (-1.57%)
PACE 5.83 Increased By ▲ 0.03 (0.52%)
PAEL 45.50 Decreased By ▼ -0.91 (-1.96%)
PIAHCLA 17.95 Decreased By ▼ -0.17 (-0.94%)
PIBTL 10.68 Increased By ▲ 0.11 (1.04%)
POWER 12.06 Increased By ▲ 0.07 (0.58%)
PPL 189.25 Decreased By ▼ -2.55 (-1.33%)
PRL 37.49 Increased By ▲ 0.17 (0.46%)
PTC 23.00 Decreased By ▼ -0.20 (-0.86%)
SEARL 101.00 Increased By ▲ 0.11 (0.11%)
SSGC 39.15 Decreased By ▼ -0.56 (-1.41%)
SYM 15.00 Decreased By ▼ -0.03 (-0.2%)
TELE 7.88 Increased By ▲ 0.04 (0.51%)
TPLP 11.15 Increased By ▲ 0.04 (0.36%)
TRG 66.10 Decreased By ▼ -1.19 (-1.77%)
WAVESAPP 11.13 Decreased By ▼ -0.22 (-1.94%)
WTL 1.36 No Change ▼ 0.00 (0%)
YOUW 3.83 Increased By ▲ 0.06 (1.59%)
BR100 12,912 Increased By 105.7 (0.83%)
BR30 39,345 Decreased By -358.5 (-0.9%)
KSE100 119,731 Increased By 792.8 (0.67%)
KSE30 37,075 Increased By 318.6 (0.87%)

LAHORE: Allied Bank entered into a strategic partnership with Haball, a leading provider of digital supply chain solutions, to launch an innovative digital supply chain Islamic finance product in Pakistan.

The partnership was formalized in a ceremony at Allied Bank’s Head Office in Lahore, attended by Shahid Amir - Chief Islamic Banking, Mohsin Mithani - Chief Digital Banking Group, Muhammad Zaman - Group Head Digital Banking Group at Allied Bank, and Omer Bin Ahsan - CEO Haball (Pvt) Limited, along with senior executives from both organizations.

Mohsin Mithani, Chief Digital Officer at Allied Bank, highlighted the importance of the partnership, stating, “This collaboration is a major milestone in our efforts to drive digital innovation in Pakistan’s supply chain finance sector. Allied Bank remains committed to delivering value-added solutions that help our clients thrive in an increasingly digital world.”

“Pakistani supply chains are predominantly driven by SMEs, and they face substantial challenges in accessing liquidity and financing. This collaboration will help businesses fulfill their financial needs in a timely manner, in line with the seasonal demands of the market, and in a Shariah-compliant manner,” said Omer Ahsan, CEO of Haball.

Copyright Business Recorder, 2024

Comments

Comments are closed.