Latest news with #BankAlfalah
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
Express Tribune
28-02-2025
- Sport
- Express Tribune
Special Olympics: Pak athletes get a boost
Pakistan's athletes who will represent the country in Special Olympics World Winter Games 2025 in Turin are seen with the SOP and Bank Alfalah officials at the ceremony. PHOTO: SOP A special ceremony was held at the Bank Al Falah head office on Thursday to extend the best wishes to Pakistan's athletes ahead of the Special Olympics World Winter Games 2025 in Turin, Italy. Bank Alfalah partnered with Special Olympics Pakistan (SOP), a non-profit organisation dedicated to empowering individuals with intellectual disabilities through year-round sports training and competitions. The SOP will be sending the athletes to the winter games for the third time. Previously, the country competed in 2013 and 2017. Ronak Lakhani, Chairperson and Board Member of Special Olympics Pakistan, expressed her enthusiasm for the 10 athletes: "This partnership is a game-changer in our mission to empower athletes with intellectual disabilities across Pakistan. By expanding our reach and creating more opportunities, we are supporting these athletes, breaking barriers, and redefining inclusion in sports. I do not doubt that these 10 extraordinary athletes will make Pakistan proud globally, inspiring countless others with their determination and resilience." The Special Olympics World Winter Games Turin 2025 is a major international sporting event scheduled from March 8 to March 15, 2025, in Turin, Italy, with the motto, "The Future is Here", reflecting its commitment to showcasing the abilities and achievements of athletes with intellectual disabilities, promoting inclusion and unity through sports. This event will unite over 500 athletes from 102 countries, competing across eight winter sports disciplines. It will include eight disciplines: Alpine skiing, cross-country skiing, dance sport, figure skating, floorball, short-track speed skating, snowboarding, and snowshoeing. The athletes from Pakistan will be participating in Alpine Skiing and snowshoeing. Over the period of two years, the bank funded a PKR 9 million training program through this collaboration, benefiting 500 athletes. This collaboration supports SOP's objectives by engaging over 500 special and mainstream athletes through regular sports programming, organising live-in training camps for selected athletes, and developing a 50-coach and technical staff network. "Bank Alfalah believes in the power of sports to transform lives and build a more progressive and inclusive society," said Atif Bajwa, President and CEO of Bank Alfalah.
