Al Baraka Bank (Pakistan) Limited hosts Webinar on the Launch

Al Baraka Financial institution (Pakistan) Restricted hosted the primary of its type Webinar on the Launch of Al Baraka Group (ABG) Inter-Franchise Collaboration and portal between Al Baraka Financial institution (Pakistan) Restricted (ABPL) and Al Baraka Financial institution South Africa (ABL SA). This Collaboration was a excessive precedence deliverable for the banks new enterprise technique geared toward enhancing exports from Pakistan by offering interconnectivity and banking facilitation from ABG places of work worldwide.

The Webinar centered on connecting Exporters from Pakistan to Importers in South Africa to extend avenues of commerce between the 2 nations. In Pakistan, a bodily gathering was held on the Marriott Lodge in Karachi the place 40 Prime enterprise teams have been invited and about 25 contributors from Lahore, Multan, Sialkot and different cities joined through Zoom. In South Africa the importers have been hosted in three places, specifically Durban, Johannesburg and Cape City. Focus was on sectors reminiscent of Textiles, Prescription drugs, Rice, Spices, Sports activities, Surgical Items, Confectionery, Cutlery, and Carpets. Prime names from the enterprise neighborhood have been current who shared a really optimistic outlook of the result of this webinar.

Al Baraka Financial institution (Pakistan) Restricted additionally launched, at their Webinar, a closed finish Digital Portal with details about all contributors of the webinar together with Group/Firm Profile, contact and product particulars. Goal of this portal is to create a digital platform for B2B Introduction & Connectivity.

Mr. Houssem Ben Haj Amor – Chief Govt Officer of Al Baraka Group chaired the Webinar from Bahrain through Zoom and likewise introduced that there will likely be related collaborations between Pakistan and 10 different nations. Dignitaries which included Dr Ishrat Hussain – Former Governor State Financial institution of Pakistan and Mr. Akhtar Jawaid – Govt Director Banking Coverage – State Financial institution of Pakistan have been current on the Karachi occasion and congratulated the Financial institution on such an initiative which is essential in these instances. The Excessive Commissioner of South Africa in Pakistan – His Excellency Mr. Mthuthuzeli Madikiza additionally joined the webinar through zoom and Excessive Commissioner of Islamic Republic of Pakistan in South Africa His Excellency Mr. Aftab Hasan Khan additionally graced the occasion from South Africa.

Talking on the occasion, Mr. Muhammad Atif Hanif, Chief Govt Officer of Al Baraka Financial institution (Pakistan) Restricted, stated, “This initiative is very vital for supporting Pakistan’s Overseas Change inflows throughout these extremely essential instances. We’re optimistic that the Launch of this program shall Insha’Allah result in new prospects and synergies for increasing outreach and diversifying Pakistan’s export markets.

Future Plans:

Talking about Future plans, Mr. Muhammad Atif Hanif, CEO of the financial institution additionally stated “We plan to Insha’Allah replicate this with different subsidiaries of Al Baraka Group in Bahrain, Turkey, Egypt, Algeria, Jordan and Tunisia. Al Baraka Financial institution (Pakistan) Restricted seems to be ahead to new prospects and synergies to offer avenues for enhancing and diversifying export markets for Pakistan. An initiative that’s extremely vital for supporting Pakistan’s overseas change inflows throughout these extremely essential instances”.

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