Latest news with #BankAlfalah
Business Recorder
20 hours ago
- Business
- Business Recorder
BAFL, Dawood Foundation's MSC join hands
KARACHI: Bank Alfalah has partnered with The Dawood Foundation's MagnifiScience Centre (MSC) to launch a first-of-its-kind interactive Money Matters Exhibition, aimed at helping young Pakistanis develop essential money management skills. Housed on the second floor of MSC in the Mathematics section, the new Money Matters theme turns personal finance into play. Children and teenagers can explore budgeting, saving, spending, and investing through gamified exhibits which include an arcade-style ATM, a walk-through history of money from barter to Bitcoin, and hands-on activities that simplify complex financial concepts. On the occasion, Atif Bajwa, President and CEO of Bank Alfalah said that basic goal is to make financial literacy second nature for the next generation. 'Through this partnership with The Dawood Foundation, we're offering young minds an immersive experience that empowers smarter decision-making early in life. We are confident that this approach will equip the upcoming generation to successfully navigate through a rapidly evolving financial knowledge with confidence, and responsibility,' he added. Sabrina Dawood, Vice Chair of The Dawood Foundation, said that the Money Matters Exhibition at the MagnifiScience Centre, supported by Bank Alfalah, offers a dynamic introduction to financial literacy, empowering visitors of all ages, especially young minds, to think critically about earning, spending, and saving. This meaningful initiative reflects the bank's commitment to building financially aware and responsible communities, she added. The initiative aligns with the State Bank of Pakistan's financial inclusion agenda and supports the United Nation Sustainable Development Goals (SDGs), specifically SDG 4 -Quality Education and SDG 17- Partnerships for the Goals. It also reflects Bank Alfalah's ongoing commitment to Sustainable Corporate Social Responsibility, with a focus on education, financial and digital inclusion, and community empowerment. The exhibition is now open to the public and will be a permanent feature of MSC's educational offerings. Copyright Business Recorder, 2025
Business Recorder
26-07-2025
- Automotive
- Business Recorder
Auto financing: MG Motors partners with BAFL to launch ‘freedom package'
KARACHI: MG Motors Pakistan has partnered with Bank Alfalah to introduce the 'Freedom Package', a limited-time Independence Day offer running from July 15 to August 15, 2025, promising same-day vehicle delivery through instant auto financing solutions. 'This initiative embodies true freedom for customers - freedom from long wait times, freedom from fuel dependency, and freedom from registration fees,' stated Syed Asif Ahmed, General Manager of Marketing Division at MG Motors Pakistan. 'We're proud to partner with Bank Alfalah to deliver a seamless and future-ready auto financing experience.' The month-long initiative targets customers seeking the MG HS Trophy and MG HS Plug-in Hybrid Electric Vehicle (PHEV), offering streamlined financing that eliminates traditional waiting periods associated with vehicle purchases. The Freedom Package delivers significant value propositions for eligible customers, including complimentary registration services worth up to PKR 250,000 and instant auto loan approvals for qualifying Bank Alfalah account holders. The financing terms feature competitive markup rates of up to 1-year KIBOR plus 3% for tenure periods extending up to three years. Customers will also benefit from insurance rates provided through Bank Alfalah's panel insurance companies and expedited processing times based on eligibility criteria. Copyright Business Recorder, 2025
Yahoo
17-06-2025
- Business
- Yahoo
Jingle Pay, Western Union partner on cross border payments
Jingle Pay, a UAE-based fintech company, has joined forces with Western Union to enable the delivery of international remittances from selected markets into bank accounts and mobile wallets. As part of the agreement, Jingle Pay will become a 'key partner' in supporting Western Union's cross-border money transfer operations. Both Jingle Pay and Western Union are also examining opportunities to expand their services to include additional corridors that are in high demand, the press release said. Jingle Pay CEO Amir Fardghassemi said: "This partnership is a defining milestone in Jingle Pay's journey. Being selected by Western Union to deliver their transactions from multiple send markets is a testament to our platform's reliability and scale. We're proud to enable faster and more accessible remittance experiences for communities that depend on cross-border support." Western Union Europe, Middle East and Africa president Giovanni Angelini stated: "At Western Union, we are committed to connecting customers with their loved ones around the world through fast, convenient and trusted global money transfer services. Collaborating with Jingle Pay is an important step in furthering this commitment, expanding access to financial services and driving greater financial inclusion where it matters most." Jingle Pay has been offering a range of financial services that include instant account creation, international money transfers, and bill payment options. The partnership follows Pakistani lender Bank Alfalah's 9.9% equity stake acquisition in Jingle Pay in January. Jingle Pay is backed by a diverse group of investors, including MoneyGram and G42-backed Applied AI "Jingle Pay, Western Union partner on cross border payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
19-05-2025
- Business
- Zawya
Pakistan completes debut green sukuk auction: IFR
Pakistan on May 16 raised Rs31.99bn (US$113.5m) from a debut auction of green sukuk, according to a stock exchange announcement. The 10.6363% interest rate on the three-year instruments, determined via an auction held on the Pakistan Stock Exchange, is 61bp points inside the 11.2464% benchmark rate, which is the latest six-month weighted average of market treasury bills. The bonds will be issued by Pakistan Domestic Sukuk Company, a wholly owned subsidiary of the ministry of finance. Meezan Bank, Dubai Islamic Bank (Pakistan), BankIslami Pakistan and Bank Alfalah were joint financial advisers on the issue. This marks the sovereign's first sukuk tied to ESG assets. Proceeds will be used towards three hydropower projects. The sovereign has stated its intention to sell further sukuk to support the projects, up to a total of Rs52bn. The sovereign's domestic ratings are Caa2/B–/CCC+, according to LSEG data.
Business Recorder
07-05-2025
- Business
- Business Recorder
Bank Alfalah launches app ‘Worklee'
KARACHI: Bank Alfalah has launched the country's first, human resources hiring and remote working app called Worklee. The application is designed to create diversified, inclusive and accessible employment opportunities for all segments of society. The initiative is particularly aimed at women who want to work remotely, Persons with Disabilities (PwDs), and freelancers, removing barriers to accessing professional opportunities in a conventional work environment and thus enriching mutual experiences of both the resource as well as the Bank. The Alfalah Worklee app provides a seamless and user-friendly platform where individuals can register, create a profile, apply for available job opportunities within Bank Alfalah as well as perform their jobs remotely where applicable. The initiative aligns with the State Bank of Pakistan's (SBP) 'Banking on Equality' framework, reinforcing Bank Alfalah's commitment to enabling inclusion and financial empowerment. Initially, the app will facilitate remote hiring and service delivering for contact center WhatsApp chat agent vacancies, with plans to expand into other roles in the future such as programmers/coders, based on business needs. Regarding this initiative, Faisal Farooq Khan, Chief Human Resources Officer, Human Capital Group of Bank Alfalah, said that Bank Alfalah value providing equal employment opportunities to individuals facing challenges in conventional workplaces. Alfalah Worklee is a step towards breaking barriers, offering people from all walks of life the flexibility to work remotely and become financially independent, he added. Copyright Business Recorder, 2025
